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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: finance

finance stories: 78 news summaries

21 - 40 of 78 Stories | << Prev 1 2 3 4 Next >>

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Lehman Bros. to Report 3Q Stats
Today in Bid to Calm Market

Battered firm to unveil 'strategic initiatives'

Sep 10, 08 1:59 AM CDT
(Newser) - Lehman Brothers plans to release its third-quarter results and "key strategic initiatives" this morning—a week earlier than expected—in a bid to calm investors, Marketwatch reports. The securities firm took its biggest Wall Street walloping in history yesterday, with share prices plunging 45% to finish 85% down from... More »

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stock market • Wall Street • finance • Lehman Brothers • quarterly results • Korea Development Bank

Lehman Considers 'Good Bank/Bad Bank' Split

Sheltering troubled mortgage debt expected to bolster confidence

Sep 5, 08 10:22 AM CDT
(Newser) - Lehman Brothers is considering splitting itself into two banks, a “bad bank” to house its $30 billion in troubled mortgage and real estate holdings, and a “good bank” to carry on with the help of a new investor or two, the New York Times reports. The move, which... More »

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Wall Street • finance • Lehman Brothers • mortgage debt • subprime crisis

Hollywood
Movie Glut Wallops Indies

Many go straight to DVD as too many films vie for screens

Sep 3, 08 10:46 AM CDT
(Newser) - A surplus of Hollywood movies is forcing many independent films off the big screen, and driving down box office takes for those that do make it, reports the Wall Street Journal. Mainstream films with bankable stars are being sent straight-to-DVD, as too many movies fight for too few theater slots... More »

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Hollywood • independent film • film • finance • movie industry • movies

OPINION

 Analyst Rules
 Could Use
 Some Analysis

It might be time to ease some of the restrictions

Aug 12, 08 5:46 PM CDT
(Newser) - Frank Quattrone is back in the investment business and is taking on research rules, Andrew Ross Sorkin writes in the New York Times. Quattrone thinks Wall Street should try to remove the settlement that forced the separation of investment banking and research. The rules are “denying small companies the... More »

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Wall Street • finance • Frank Quattrone • opinion • analyst • market research

OPINION

Public Silence Greets Wall St. Blunders

Small savers are suffering, but giving financiers a free ride

Jul 19, 08 3:10 PM CDT
(Newser) - America's financiers have driven the country into crisis with stunning recklessness, James Grant writes in the Wall Street Journal, but public anger seems strangely dormant. Populist politicians railed against Wall Street during past financial crises, Grant notes, but today's politicians appear largely uninterested in taking aim at the easy target. More »

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Wall Street • Federal Reserve • finance • financial markets • credit market • credit crisis • financial institutions • subprime crisis • financial crisis

Feds Plan to Allow Foreign Accounting Rules

Critics slam 'outsourcing' of financial protections

Jul 5, 08 7:17 AM CDT
(Newser) - Federal officials are proposing to loosen accounting regulations, allowing American companies to shift to international standards that offer more latitude in reporting earnings, the New York Times reports. The move would make businesses more competitive, the administration argues, but it would also effectively exempt them from the investor-protection measures instigated... More »

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finance • SEC • Sarbanes Oxley • accounting • regulation • securities

 Most Lucrative College Majors 

Computer engineering tops list for grads seeking quick cash

Jun 21, 08 4:07 PM CDT
(Newser) - College students looking for fast cash after graduation should study computer engineering, Forbes reports. Here are the most lucrative college majors, with salaries for beginners and veterans alike:
  • Computer engineering ($60,500-$104,000)
  • Economics ($48,000-$96,200)
  • Electrical engineering ($59,900-$96,100)
  • Computer science ($54,200-$94,000)
  • Mechanical
... More »

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economics • finance • college • psychology • engineering • mathematics • college graduates

GLOSSIES

Feisty Exec Straddles Two Financial Crises

Greenberg's clout evident in AIG ouster, bailout of Lehman

Jun 17, 08 7:50 PM CDT
(Newser) - At age 83, Hank Greenberg is on anything but a quiet path to retirement. The legendary exec is smack in the middle of two of the biggest financial stories of the day—the upheaval at insurance giant AIG and the struggle to salvage Lehman Brothers. Portfolio looks at Greenberg's reversal... More »

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finance • Lehman Brothers • AIG • Hank Greenberg • Martin Sullivan • financial crisis

ANALYSIS

 Cramer:
 Never Seen
 Wall Street
 This Bad 

Analyst sees no end in sight for layoffs and write-downs

Jun 16, 08 12:02 PM CDT
(Newser) - While he steers clear of the Great Depression, everything else is fair game as reference in James J. Cramer’s apocalyptic appraisal of Wall Street for New York. In Cramer's 25 years, he's seen lots of implosions, but this one is different: With thousands of layoffs at major shops,... More »

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Wall Street • Morgan Stanley • Bear Stearns • finance • Lehman Brothers • subprime crisis • JPMorgan Chase • opinion • financial crisis

College Grads Learn the Fourth 'R': Recession

Job growth crawls to 5-year low as students prep their résumés

May 4, 08 7:55 PM CDT
(Newser) - If college grads are looking glum this year, it's likely because they face a tighter job market once they turn their tassels. More than one million grads will look harder to find work, the Christian Science Monitor reports, and job growth has hit a 5-year low. Companies "are... More »

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construction • finance • salary • job market • college graduates

G-7 Ministers Talk Tough
on Sliding Dollar

Strong words signal desire to keep dollar from the abyss

Apr 12, 08 7:26 AM CDT
(Newser) - The Group of Seven's finance ministers are getting more aggressive about stopping the greenback's decline, the Wall Street Journal reports. In what counts as blunt words for the group, a statement yesterday expressed concern about the plummeting dollar's "possible implications for economic and financial stability." The change in... More »

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currency • currency exchange • finance • euro • US dollar • weak dollar • Group of Seven

Bad Credit News Means
Good Tidings for Analysts

Demand for financial insight buoys Breaking Views, other sites

Mar 24, 08 5:01 PM CDT
(Newser) - The Bear Stearns crisis was bad news for many, but it was good news—or at least good business—for financial analysts at London-based Breaking Views. The credit crunch is increasing demand for the company’s financial insights, offered online and, through various partnerships, in print. Breaking Views is seizing... More »

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Wall Street Journal • Bear Stearns • Financial Times • finance • online news • credit crisis • Economist • subprime crisis • economy • Breaking Views • Hugo Dixon • Daylife • Upendra Shardanand • Maziar Darvish • Internet Business Group • financial crisis

Credit Suisse Warning Revives Rogue Trader Fears

'Intentional misconduct' behind billions in writedowns

Mar 21, 08 8:28 AM CDT
(Newser) - Investment banks got a brief lift from Wall Street results this week, but surprising reports from Credit Suisse are likely to send their confidence back into the basement, the Financial Times reports. The Swiss firm issued an unexpected first-quarter profits warning yesterday—and said “intentional misconduct” from its own... More »

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Credit Suisse • UBS • investments • asset management • finance • banking • writedowns • rogue trader

OPINION

Microsoft’s Yahoo Bid 'Ridiculous'

Investment manager dismisses deal, doubts Ballmer's acumen

Feb 18, 08 2:40 PM CST
(Newser) - Investment manager Joe Rosenberg takes a swipe at Microsoft's bid for Yahoo in this week's Barron's, disparaging both the deal and CEO Steve Ballmer's financial acumen, Reuters reports. "It's a bad reflection on Ballmer that he's willing to pay a ridiculous price for Yahoo,” says Rosenberg. “Microsoft... More »

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Yahoo • Microsoft • mergers and acquisitions • finance • shares • investment • Steve Ballmer • tech industry • Joe Rosenberg

Comcast to
Pay Founder
After Death

Heirs will receive paychecks for 5 years; wife gets benefits for life

Dec 29, 07 12:17 PM CST
(Newser) - Death won't stop Comcast's founder from being paid: A deal signed last week ensures that his heirs will receive checks for five years after Ralph J. Roberts, 87, dies, the AP reports. They will also get unpaid funds from his annual performance-based bonus, and his wife will receive health and... More »

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Comcast • finance • Philadelphia • death • CFO • salary • benefits

Chip Maker AMD Gets
Emirate Cash

Abu Dhabi buys 8.1% stake in Intel rival for $622 million

Nov 16, 07 4:39 PM CST
(Newser) - The government of Abu Dhabi, through its investment arm, bought an 8.1% stake in Advanced Micro Devices for $622 million. It will receive 49 million newly-issued AMD shares, but won't get any board representation. The computer chip maker desperately needs the cash after a $396 million loss during the... More »

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Silicon Valley • Intel • finance • Abu Dhabi • computer chip • Advanced Micro Devices • microprocessors

Best Memoirs About Money

Get the inside scoop on finance from those who live (and lived) it

Oct 20, 07 8:07 AM CDT
(Newser) - Some earn money; some write about it. Some do both. CNN Money recommends these six memoirs about money: getting it, managing it, spending it, and not having enough of it:
  1. The Age of Turbulence by Alan Greenspan
  2. Reminiscences of a Stock Operator by Edwin Lefevre
  3. American Sucker by David
... More »

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Alan Greenspan • list • money • finance • memoir • Edwin Lefevre • David Denby • Benjamin Franklin • Barbara Ehrenreich • Michael Lewis

Don't Break Your Bank Account, Too

Divorce is never easy, but you don't
have to go broke in the process

Oct 7, 07 2:33 PM CDT
(Newser) - Don't let emotional pain cloud your judgment on financial matters—you may both end up the poorer for it. Here are five divorce pitfalls to avoid, from USA Today:
  1. Clinging to the house if you can't afford the upkeep.
  2. Not making a clean break on joint accounts.
... More »

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personal finance • divorce • marriage • list • money • finance • relationship

Goldman Up Whopping 76% in 3rd Quarter

Bear Stearns drops 61% on mortgage fund losses

Sep 20, 07 10:20 AM CDT
(Newser) - Two financial giants posted dramatic earnings this morning: Goldman Sachs wowed investors with a 79% surge in third quarter net income, while Bear Stearns’ dropped 61% thanks to massive hedge-fund losses. The two were on opposite sides of the subprime collapse. Bear Stearns is among the top packagers of mortgage-based... More »

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stock market • Goldman Sachs • stocks • Bear Stearns • finance

Tightening Credit Markets Squeeze Banks

$140B in commercial paper is coming due, and forecast is fuzzy

Sep 10, 07 10:58 AM CDT
(Newser) - Almost $140 billion in commercial paper has matured and is up for renewal by next week, and banks need to attract buyers to pay it off. The yield on the short-term loans, which are entangled in the subprime mortgage crisis, is skyrocketing. "This could be a pivotal seven to... More »

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subprime mortgages • business • loans • finance • credit market • subprime crisis

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