Investment News

GOP's Senate primary to face Gillibrand is still anyone's game

11:34:41 | 07/09/2010 - Source: Poughkeepsie Journal

WASHINGTON - The three-way GOP primary in the race to unseat Democratic Sen. Kirsten Gillibrand appears to be a wide-open contest.

Ex-Lehman CEO says regulators refused to save firm

09:30:08 | 07/09/2010 - Source: Pasadena Star-News

The former chief of Lehman Brothers told a panel investigating the financial crisis that the Wall Street firm could have been rescued, but regulators refused to help - even though they later bailed out other big banks.

Barclays Said to Tap Diamond as CEO, Replacing Varley

05:15:21 | 07/09/2010 - Source: BusinessWeek

Barclays Plc, Britain's third- largest bank, is poised to name President Robert Diamond as Chief Executive Officer John Varley's successor, a person with direct knowledge of the matter said.

No massive up-tick in September trading

01:00:41 | 07/09/2010 - Source: The Globe and Mail

The idea is that the light volumes of the summer months encourage volatility, because there isn't enough trading to stop a few pessimists or optimists from driving the market.

Deutsche Bank vaults to second place in Middle East bond sales

21:46:06 | 06/09/2010 - Source: Gulf Times

Germany's biggest lender advised on six bond sales worth $5.2bn this year, second only to HSBC Holdings, which has claimed the top spot for the past two years, according to data compiled by Bloomberg.

Bankers gather to assure industry is on right track

20:46:06 | 06/09/2010 - Source: Sympatico Finance

Top executives from some of the world's leading banks are due to gather for a conference in Frankfurt later this week as lenders seek to avoid what they see as overly harsh regulation following the global financial crisis.

Asian Stocks Rise as U.S. Jobs Data Boost Prospects for Growth

16:31:15 | 06/09/2010 - Source: BusinessWeek

Asian stocks rose, driving the MSCI Asia Pacific Index to a four-week high, as better-than-estimated jobs data fueled confidence the U.S. economy will skirt a recession.

Merrill Lynch besting Morgan Stanley

12:26:38 | 06/09/2010 - Source: SF Gate

In the clash of the two largest U.S. brokerages, Bank of America Corp.'s Merrill Lynch is generating more profit with fewer people than the business Morgan Stanley formed by buying a controlling stake in a venture with Citigroup Inc.'s Smith Barney.

Norton completes Lehman hedge settlement

08:17:02 | 06/09/2010 - Source: The Age

Shares in Norton Gold Fields Ltd jumped after the gold miner said it had completed a litigation settlement with Lehman Brothers related to its hedging arrangements with the collapsed investment bank.

Goldman Sachs sinks $25 million into orthodontics firm

04:12:28 | 06/09/2010 - Source: Atlanta Business Chronicle

In another blockbuster private equity deal for an Atlanta company, prestigious New York investment house Goldman, Sachs & Co.

Corporate disgrace and the magic of candor

00:02:55 | 06/09/2010 - Source: Christian Science Monitor

When corporations run into trouble, candor is the way to win back public trust. BP COO of Exploration and Production Doug Suttles walks on a beach that workers have cleaned of oil near the South Pass of the Mississippi River in Plaquemines Parish, La., Aug.

Barclays Said to Hire Weiner-Trapness as Asia Financials Head

19:53:18 | 05/09/2010 - Source: BusinessWeek

Barclays Plc, Britain's second- biggest bank by assets, hired Helge Weiner-Trapness, a former JPMorgan Chase & Co.

Occupational hazard

15:48:49 | 05/09/2010 - Source: Business Standard

Lehman lessons: Dick Fuld is still hung over from his home-brewed Kool-Aid. The former Lehman Brothers boss hasn't stopped blaming his investment bank's demise on "uncontrollable" market forces, false rumors and the lack of a government rescue.

China tells state companies to explore Potash bid

11:49:12 | 05/09/2010 - Source: Times of Oman

BEIJING: Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.

How corporations should handle PR in crises

07:34:38 | 05/09/2010 - Source: SF Gate

Whoever suggested that all publicity is good publicity clearly didn't envision the wave of catastrophe engulfing high-profile corporations over the last year, laying waste to some of the most meticulously tailored reputations on earth.