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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Wall Street

Wall Street stories: 371 news summaries

81 - 100 of 371 Stories | << Prev 1 2 3 4 5 6 7 8 9 ... 19 Next >>

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(Newser) - AIG chief Edward Liddy has the not-so-distinct pleasure of testifying before Congress tomorrow just as rage at his company is reaching a full-throated roar. The House and Senate seem to be in a race to see who can recover the $165 million in bonuses faster, the Hill reports. If AIG... More »

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Wall Street • insurance companies • AIG • bonuses • bailout • Edward Liddy

(Newser) - The AIG fury grows. The White House today found itself defending Treasury chief Tim Geithner's handling of the bonus mess as congressional anger rose. Under siege by reporters about why the Obama administration didn't act sooner, spokesman Robert Gibbs said the president retains full confidence in Geithner, the Los Angeles ... More »

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Wall Street • AIG • bonuses • Robert Gibbs • President Obama • Timothy Geithner

OPINION

 Suck It Up and 
 Pay Those Bonuses 

Keeping employees at AIG is paramount, says Sorkin

Mar 17, 09 9:30 AM CDT
(Newser) - Everyone from President Obama down has been stung by the unfairness of AIG's planned $165 million in bonuses. But as Andrew Ross Sorkin writes in the New York Times, the best thing to do is shut up and pay. "As unpalatable as it seems," he writes, "taxpayers... More »

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Wall Street • executive compensation • AIG • bonuses • financial crisis

Wall St. Looks to Skirt Bonus Limits With Padded Salaries

Attempt to skirt new rules could anger shareholders

Mar 17, 09 8:14 AM CDT
(Newser) - In a move to skirt government restrictions on executive pay for recipients of bailout cash, some Wall Street companies are discussing raising base salaries, the Journal reports. Citigroup and Morgan Stanley are considering the idea, which is gaining currency as regulators keep a watchful eye on bonuses, say industry insiders.... More »

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Wall Street • Citigroup • executive compensation • Morgan Stanley • bonuses • bailout • banks • financial crisis • TARP • salaries

Cuomo Wants to Link Wall St. Pay to Performance

'Heads I win, tails I break even' must stop

Mar 13, 09 6:32 AM CDT
(Newser) - New York’s attorney general is teaming with Washington lawmakers to develop a plan to link Wall Street pay to long-term company performance, the Wall Street Journal reports. Details are skimpy, but Andrew Cuomo is looking into spreading cash and stock payments over several years so that if firms do... More »

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Congress • Wall Street • executive compensation • Andrew Cuomo • Barney Frank • performance

 Smokes, Beer 
 Worth More 
 Than Stock  

Whole Foods shares worth less than a pound of scallops in their stores

Mar 11, 09 6:48 PM CDT
(Newser) - Why settle for the goods when you can get the factory—or a piece of it—instead? Gawker finds more companies whose shares are worth less than products they sell:
  • Have dreams of owning a brewery? Scoop up an Anheuser-Busch share ($20.16) for less than one Bud Light
... More »

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stock market • Wall Street • list • recession • share price • financial crisis

 Cuomo: Merrill 
 Misled Congress 
 on Bonuses 

Bank decided on bonuses earlier than claimed, he says

Mar 11, 09 5:25 PM CDT
(Newser) - Andrew Cuomo is turning the screws a little tighter in his investigation of bonuses paid to Merrill Lynch executives. In a court filing today, the New York attorney general accused the bank of "misleading" Congress about when it decided to dole out $3.6 billion, the Wall Street Journal... More »

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Wall Street • executive compensation • Bank of America • Merrill Lynch • Andrew Cuomo • bonuses

OPINION

Obama Can't Blame Bush for His Economic Recklessness

President has raised taxes when business needs a break

Mar 11, 09 3:54 PM CDT
(Newser) - Everyone loves a scapegoat. The American people have Wall Street fat cats, and President Obama has George W. Bush, writes David Harsanyi for the Denver Post. While Obama, "in a superbly eloquent and inspirational pitch, always reminds us that nothing is his fault," Harsanyi gripes, "nearly every... More »

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Barack Obama • Wall Street • taxes • economic stimulus package • George W. Bush • Obama administration • financial crisis • President Obama

MARKETS

 Market Bounces 300+ 
 on Bernanke, Citi News 

Citi leads way as Bernanke comments give boost

Mar 10, 09 11:16 AM CDT
(Newser) - The Dow surged more than 300 points this morning, as investors welcomed news from Citigroup CEO Vikram Pandit that his bank had shown a profit the first two months of this year, and optimistic comments from Fed chairman Ben Bernanke. The Dow had risen 312 points by noon, led by... More »

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Ben Bernanke • stock market • Wall Street • Citigroup • Dow Jones

Madoff Aide Generated Fake Papers for Scam: Workers

Feds continue to hunt for cohorts

Mar 9, 09 6:42 AM CDT
(Newser) - A longtime Bernie Madoff aide generated fake trading tickets for the accused swindler to use to document trades that never took place, workers have told federal authorities. The employees were instructed to research stock trade prices, then create bogus tickets showing purported trades and fake profits in line with made-up... More »

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Wall Street • scam • Ponzi scheme • Bernard Madoff • Ruth Madoff

Protesters Rip Manhattan Foreclosure Auction

They demand moratorium on evictions

Mar 9, 09 2:42 AM CDT
(Newser) - New Yorkers protested an auction yesterday of hundreds of foreclosed homes, claiming the forced evictions plaguing the nation in this economic downturn are illegal, and demanding a moratorium. "Banks get bailout out, people get thrown out," read signs held aloft by demonstrators." Their rage was not directed... More »

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Wall Street • New York • foreclosure • protests • eviction • financial crisis

ABC Bets You Can Laugh at Recession

Sitcom pilots follow a failed Wall Street exec, fired young bankers

Mar 6, 09 11:47 AM CST
(Newser) - Have you heard the one about the Wall Street millionaire who lost his job because of the collapsing economy, then had to actually hang out with his family?  ABC is hoping you will want to next fall, when Kelsey Grammer will star as that modern-day Mr. Mom. The untitled project... More »

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Wall Street • ABC • product placement • economy • pilots • Kelsey Grammer • financial crisis • sitcoms

(Newser) - As if he didn't have enough to do, President Obama is now taking a stab at being the nation's stockbroker. Asked about yesterday's huge sell-off, Obama said that it's "potentially" a great time to buy stocks. Presidents usually shy away from such advice, notes Eamon Javers of Politico, given... More »

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stock market • Wall Street • investors • President Obama

Americans See
a Lot of Bull
on Wall Street

Most in poll give
execs low grades
for ethics, honesty

Feb 27, 09 4:29 PM CST
(Newser) - The executives who run Wall Street are bankrupt—at least, morally, say Americans in a new poll. Nearly 60% gave them poor grades for dishonesty and unethical behavior, Reuters reports. Most also blame the executives for Wall Street's mess. “We can’t act like it’s the fault of... More »

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ethics • Wall Street • executives • opinion polls • dishonesty

Only One Fund Manager Made Money in 2008

But repeating the feat this year could prove tricky for Forester

Feb 27, 09 10:24 AM CST
(Newser) - Of the 8,200 stock mutual funds in the United States, only one—Forester Value—managed to turn a profit in 2008. With a gain of just 0.4%, Thomas Forester has become a minor celebrity in the financial world, and brokers are suddenly eager to sell his tiny fund... More »

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investing • Wall Street • mutual funds • economic downturn

opinion


 Grads: Be 
 Glad You're 
 Finally Free 
 of This 

Wall Street's collapse is a blessing in disguise

Feb 20, 09 5:33 PM CST
(Newser) - The best asset an imploded Wall Street is providing this year’s college grads is their freedom, Ellen Goodman writes in the Boston Globe. During the boom, bright students streamed to Wall Street, but those days seem over. Sure, without a phalanx of white-collar recruiters after them, many have no... More »

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Wall Street • Harvard • college student • college graduates • Drew Faust

NYC Wants to Turn Laid-Off Bankers Into Entrepreneurs

Bloomberg unveils $45M program

Feb 18, 09 6:09 PM CST
(Newser) - With the Wall Street mess taking a heavy toll on New York City's economy, Mayor Bloomberg is launching a program to retrain laid-off investment bankers and make the city a mecca for entrepreneurs and foreign financial firms. The city plans to spend $45 million in federal and city money to... More »

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Wall Street • entrepreneurs • layoffs • Michael Bloomberg • investment • Mayor Bloomberg • financial crisis

OPINION

Autoworkers, Bankers Have a Lot in Common

Exorbitant pay of both brought down their respective industries

Feb 18, 09 9:11 AM CST
(Newser) - They may not seem all that similar, but Detroit’s autoworkers and Wall Street’s bankers have the same story, writes Steven Pearlstein in the Washington Post. From the 1950s up until, say, yesterday, "autoworkers were the aristocrats of the blue-collar world, (and) Wall Street traders and... More »

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Wall Street • Detroit • auto industry • compensation • banking industry • financial crisis • Steven Pearlstein

 Oil Slips Below $35 a Barrel 

Prices drop almost 8%; stocks down early on Wall Street

Feb 17, 09 11:47 AM CST
(AP) - A new batch of lousy economic news dragged oil prices down nearly 8% today as signs from across the globe pointed to a prolonged and painful recession. Light, sweet crude for March delivery fell $2.87 to $34.64 a barrel on the New York Mercantile Exchange after settling at... More »

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stock market • Wall Street • global market • crude oil • economic stimulus package • oil prices

(Newser) - A number of Wall Street executives were convinced Bernard Madoff's investment scheme was a scam as early as four years ago, but never reported their suspicions to anyone but friends and family, according to SEC documents. Concerns by executives from Citigroup and Goldman Sachs are revealed in an extensive dossier... More »

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Wall Street • crime • scam • Bernard Madoff

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