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Ex-Goldman exec given 2 years for inside trades
Rajat Kumar Gupta, former Goldman Sachs director (AP photo) NEW YORK (AP) – A former Goldman Sachs and Procter & Gamble Co. board member once widely respected worldwide for his business smarts was...
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Predictions from market experts for 2013
(AP) – What lies ahead for the stock market? The AP asked leading market analysts and investment managers where they see the Standard & Poor’s 500 index winding up by the end of 2013 and why. The...
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Chastened banks cuts tens of thousands of jobs
NEW YORK (AP) — Banks aren’t the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of...
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Betty Liu on Business Rockstars
Today on Business Rockstars, Ken Rutkowski talks with Betty Liu, the anchor of Bloomberg Television’s “In the Loop with Betty Liu” (8-10am ET), a daily business morning news program that covers the...
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Bloomberg editor apologizes on information access
NEW YORK (AP) — The editor-in-chief of Bloomberg News apologized Monday for the financial news service’s practice of accessing private data on clients through the company’s information service....
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In Bloomberg uproar, ethics flags for new media
NEW YORK (AP) — Launching his namesake company’s news division in the 1990s, Michael Bloomberg largely rejected long-held rules of the journalism trade that insist on keeping thick firewalls between...
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Stocks fall as fears of protracted shutdown grow
NEW YORK (AP) — Wall Street to Washington: end the shutdown and move on. The U.S. stock market ended lower Wednesday as traders, Europe’s central banker and Wall Street CEOs urged Congress to stop the...
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Twitter unseals IPO papers, hopes to raise $1B
NEW YORK (AP) — Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion. The company is also revealing for the first time the...
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BlackBerry founders looking at buying company
TORONTO (AP) — BlackBerry founders Mike Lazaridis and Douglas Fregin are weighing taking over the struggling smartphone company as it searches for a buyer. Lazaridis said Thursday in a filing with the...
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S&P 500 reaches all-time high after US debt deal
NEW YORK (AP) — The stock market hit an all-time high Thursday as investors put the government shutdown and debt ceiling crisis behind them and focused on corporate earnings. The Standard & Poor’s...
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Employers step in to prevent worker burnout
LONDON (AP) — Volkswagen turns off some employees’ email 30 minutes after their shifts end. Goldman Sachs is urging junior staff to take weekends off. BMW is planning new rules that will keep workers...
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