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July 25, 2008 1:10:25 PM CDT

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Stories related to: Wall Street

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Stories 41 - 60 of 120

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  • March 2008

    • Come Clean or Quit; Maybe Both

      newser  |  Wall Street Journal  |  Mar 11, 08 12:35 PM CDT

      Come Clean or Quit; Maybe Both

      As Eliot Spitzer mulls his options, the editorial boards of the state's newspapers are weighing in: Wall Street Journal: "The stupendously deluded belief that the sitting governor of New York could purchase the services of prostitutes was the last act of a man unable to admit the existence of, or need for, limits." More »

      Tags

      Wall Street  • scandals  • Eliot Spitzer  • prostitution  • resignation  • prostitution ring  • newspaper editorials

    • Corporate America Revels in Spitzer's Fall

      newser  |  Wall Street Journal  |  Mar 11, 08 9:40 AM CDT

      Corporate America Revels in Spitzer's Fall

      Wall Street is reveling in the fall of Eliot Spitzer, who as AG made exposing corruption highly personal, reports the Wall Street Journal. "He actually believes he's above the law," says ex-NYSE director Ken Langone, whom Spitzer sued for paying too much to the Big Board's CEO. "I have never had any doubt about his lack of character and integrity—and he's proven me correct." More »

    • Fidelity Pays $8M in SEC Gift Scandal

      newser  |  Wall Street Journal  |  Mar 5, 08 10:20 PM CST

      Fidelity Pays $8M in SEC Gift Scandal

      Investment guru Peter Lynch and Fidelity Investment settled SEC charges brought against them alleging that Lynch used Fidelity traders to procure tickets to high-profile concerts and sporting events. Lynch, vice chairman of Fidelity's parent company, agreed to pay $15,948 for the tickets, plus $4,183 in interest. Fidelity will pay $8 million for nine other charges, reports the Wall Street Journal . More »

      Tags

      Wall Street  • SEC  • ethics  • investment bankers  • gifts  • probe  • Fidelity

    • Wall Street Faults Rules on Writedowns

      newser  |  Wall Street Journal  |  Mar 1, 08 12:09 PM CST

      Wall Street Faults Rules on Writedowns

      After months of staggering writedowns battering Wall Street, some investors and executives are charging that accounting rules are exaggerating losses and triggering slumps like yesterday’s 315-point plunge in the Dow, reports the Wall Street Journal . Rules requiring companies to value holdings at current market rates, no matter how volatile, have a domino effect, they say: "The market falls, forcing banks to take write-offs, pushing the market lower, causing more write-offs," the Journal writes. More »

      Tags

      Federal Reserve  • Wall Street  • subprime crisis  • investors  • UBS  • AIG  • write down

  • February 2008

    • IBM to Buy Back $15B of Stock

      newser  |  Associated Press  |  Feb 26, 08 3:04 PM CST

      IBM to Buy Back $15B of Stock

      IBM will repurchase $15 billion of its own stock, it revealed today, leading the IT company to raise its profit forecast for the year to beat Wall Street predictions. The Armonk, NY-based computing giant will spend $12 billion on the buyback this year, the AP reports. The company told the Street that would help elevate its projected earnings-per-share for the year by five cents over previous estimates. More »

      Tags

      Wall Street  • IBM  • earnings forecast  • analyst guidance  • stock buyback

    • Gore to Investors: Ditch Guzzlers

      newser  |  Associated Press  |  Feb 15, 08 7:36 AM CST

      Gore to Investors: Ditch Guzzlers

      Nobel prize-winner Al Gore yesterday urged financial leaders at a United Nations conference in Manhattan to unload their investments in businesses reliant on carbon-intensive energy. Gore likened such investments to the subprime mortgage market, warning that "the assumption you can safely invest" in business models that assume carbon is free is "about to go splat," AP reports. More »

      Tags

      United Nations  • New York  • Wall Street  • subprime crisis  • carbon emissions  • Al Gore  • Nobel Prize

    • Time Warner Plans AOL Spin-Off

      newser  |  Wall Street Journal  |  Feb 6, 08 11:44 AM CST

      Time Warner Plans AOL Spin-Off

      In an effort to revive the company's slumping stock, Time Warner's new CEO plans to break up AOL, keeping its growing online ad properties, but unloading its increasingly obsolete dial-up Internet service provider. Operating income at AOL fell 70% in the fourth quarter, as the company continued to lose Internet-access customers, the Wall Street Journal reports.  More »

      Tags

      Wall Street  • AOL  • Time Warner  • cable industry  • Time Warner Cable  • Jeffrey Bewkes

    • European Markets Open Higher as Asia Rallies

      newser  |  Associated Press  |  Feb 4, 08 7:33 AM CST

      European Markets Open Higher as Asia Rallies

      European markets opened higher on the heels of a mining and technology stock rally in Asia and a positive close on Wall Street Friday, reports the AP. China's benchmark Shanghai Composite Index surged 8.1%, in part on news in state-run papers that the snow emergency in China was overblown. Hong Kong's Hang Seng index jumped 3.8%, Japan's Nikkei 225 index rose 2.7 %, and markets in South Korea and India were also up strongly at the close. More »

      Tags

      stock market  • Wall Street  • Asian markets

    • Microsoft-Yahoo Draws Huzzahs From Analysts

      newser  |  Silicon Alley Insider  |  Feb 1, 08 2:46 PM CST

      Microsoft-Yahoo Draws Huzzahs From Analysts

      First reaction to Microsoft's bid to buy Yahoo for $44 billion has been generally positive, especially among Wall Street analysts. Silicon Alley Insider's Henry Blodget, an ex-analyst, quotes several who predict regulators and shareholders will have no problems with the deal. Meanwhile, New York Times blogger Steven M. Davidoff says the timing favors a hostile takeover if Yahoo's board resists. More »

      Tags

      Microsoft  • Yahoo  • Wall Street  • mergers and acquisitions  • shareholders

    • Profits Burnout at Electronic Arts

      newser  |  Associated Press  |  Feb 1, 08 1:08 AM CST

      Profits Burnout at Electronic Arts

      Video game sales are at an all-time high but the world's largest independent publisher of them has reported a third-quarter loss, reports the AP. Electronic Arts says the loss is down to restructuring and accounting changes. Revenue was up 17%, but the company saw its share of the market slip in Europe and North America and could face a difficult 2008. More »

      Tags

      Wall Street  • video game  • Electronic Arts  • computer games  • quarterly results

  • January 2008

    • Amazon Gets Late Christmas Present

      newser  |  Wall Street Journal  |  Jan 30, 08 5:47 PM CST

      Amazon Gets Late Christmas Present

      Amazon's net income more than doubled in the fourth quarter, in part because of the retailer's sales gimmicks for the holidays, reports the Wall Street Journal . In addition, Amazon released a cheerier than expected forecast for this year's first quarter. The good news could help soothe Wall Street's nervousness over decreasing consumer spending. More »

      Tags

      Wall Street  • Amazon.com  • consumer spending  • quarterly profits  • Jeff Bezos

    • Investors Worry Clear Channel Sale Is Off the Air

      newser  |  Wall Street Journal  |  Jan 30, 08 3:22 PM CST

      Investors Worry Clear Channel Sale Is Off the Air

      Optimism on Wall Street about Clear Channel's $19 billion equity buyout is fading and its share price is spiraling lower as the deal, more than a year in the making, appears to be unraveling—done in by regulatory issues, credit worries, and deteriorating industry conditions, the Wall Street Journal reports.  More »

      Tags

      Wall Street  • Bain Capital  • private equity firms  • Clear Channel  • Thomas H. Lee Partners

    • Are Foreign Bailouts Good for the Economy?

      newser  |  Wall Street Journal  |  Jan 25, 08 11:30 AM CST

      Are Foreign Bailouts Good for the Economy?

      Wall Street firms, battered by the collapsing subprime market, shored by their bottom lines by selling ownership stakes to foreign governments. Although the investments represent a significant change in the US economy, they drew little public criticism and no government intervention. That reaction—or lack thereof—follows years of lobbying by overseas governments and large American financial firms, the Wall Street Journal reports. More »

      Tags

      Wall Street  • Citigroup  • Merrill Lynch  • Dubai  • sovereign wealth funds

    • Poll: Most Expect Recession but Aren't Hurting—Yet

      newser  |  Los Angeles Times  |  Jan 25, 08 3:34 AM CST

      Poll: Most Expect Recession but Aren't Hurting&mdash;Yet

      The vast majority of Americans are convinced the nation is sinking into a recession—but most are not feeling the pinch themselves and have no plans to tighten their belts just yet, according to a Los Angeles Times/ Bloomberg poll. A year ago a similar poll showed widespread confidence that the economy was in good shape.  More »

      Tags

      George W. Bush  • Iraq war  • US economy  • recession  • Wall Street  • mortgage crisis  • weak dollar  • trade deficit  • mortgage rates

    • No Worm in Apple, Yet Stock Falls

      newser  |  New York Times  |  Jan 22, 08 10:23 PM CST

      No Worm in Apple, Yet Stock Falls

      Despite reporting record-high earnings, Apple saw its stocks fall more than 11% after the market closed today, the New York Times reports. Apple's lowered 2nd quarter earning expectations may have sparked the drop, analysts say, unless investors are anxious about the high-end electronics market in general as the US economy slows down. More »

      Tags

      Apple  • stock market  • iPhone  • Wall Street  • investors  • quarterly results

    • Merrill Hauls in $6.6B Lifeline

      newser  |  Wall Street Journal  |  Jan 15, 08 6:05 AM CST

      Merrill Hauls in $6.6B Lifeline

      Merrill Lynch has reached into the deep pockets of foreign investors once again, pulling in a $6.6-billion lifeline today from a consortium of investors that include Japan’s Mizuho Financial Group and the Kuwait Investment Authority, the Wall Street Journal reports. In December, Merrill received a $5-billion cash infusion from a fund run by the government of Singapore. More »

      Tags

      subprime mortgages  • Wall Street  • Merrill Lynch

    • Investigators Ask: Did Banks Withhold Info?

      newser  |  New York Times  |  Jan 12, 08 4:35 PM CST

      Investigators Ask: Did Banks Withhold Info?

      Prosecutors are probing Wall Street banks to see if they ever revealed the risky nature of certain subprime mortgage investments, the New York Times reports. Industry experts are accusing the banks of turning high-risk loans, called exceptions, into investments without divulging details to investors and credit-rating agencies. One probe, led by New York Attorney General Andrew M. Cuomo, could lead to charges within weeks. More »

      Tags

      subprime mortgages  • Wall Street  • mortgage crisis  • home loans  • Andrew Cuomo

    • Tumbling Yahoo Now a Target?

      newser  |  New York Times  |  Jan 11, 08 9:51 PM CST

      Tumbling Yahoo Now a Target?

      Yahoo's falling core value threatens the company's future and is ringing alarm bells for investors, the New York Times ’ Saul Hansell warned in his "Bits" blog. The central business of Yahoo.com, excluding subsidiary holdings, is worth less than half of its current share price, and a paltry 7% of Google’s $200 billion market value, according to one analyst quoted by Hansell. More »

      Tags

      Microsoft  • Yahoo  • Wall Street  • mergers and acquisitions  • online advertising  • takeover  • stock price

  • December 2007

    • Merrill Deal Yields $6.2B in Capital

      newser  |  Wall Street Journal  |  Dec 24, 07 1:07 PM CST

      Merrill Deal Yields $6.2B in Capital

      With another quarter of massive writedowns looming, Merrill Lynch today announced a deal to raise up to $6.2 billion by selling discounted stock to two investors. Up to $5 billion will come from Temasek Holdings, Singapore's state-owned investment company. The other $1.2 billion comes from money managers Davis Selected Advisors, the Wall Street Journal reports. More »

      Tags

      subprime mortgages  • Wall Street  • Merrill Lynch  • Singapore  • stock price  • capital

    • Goldman Sachs Awards CEO $68M Bonus

      newser  |  MarketWatch  |  Dec 21, 07 8:07 PM CST

      Goldman Sachs Awards CEO $68M Bonus

      Goldman Sachs gave CEO Lloyd Blankfein a $67.9 million bonus for 2007, believed to be one of the largest such payouts in history, MarketWatch reports. The bonus includes $26.8 million in cash and $41.1 million in stocks. Goldman succeeded this year while rivals foundered in the subprime morass; CEOs at poor-performing Morgan Stanley and Bear Stearns did not receive bonuses for 2007. More »

      Tags

      Wall Street  • Goldman Sachs  • Morgan Stanley  • CEO  • investment bank  • bonuses

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