In the end, will the shareholders win anyway?
The news that top Wall Street banks have formed a partnership to develop an alternative to Bloomberg's chat service is not novel. The financial information juggernaut, which has its eyes on electronic trading as well, has long inspired fear in top banks, even before it became the leading vendor.
I noted recently that big banks were all too willing to sell their stakes in China banks these days. The latest is that Goldman Sachs has launched an offering of $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China (ICBC), basically the bank's entire remaining stake.
The latest flurry of subpoenas and the admission by SAC Capital that it was cooperating less with prosecutors may be a sign that any recent hope for a settlement is now off the table. In a good faith negotiation, pressure tactics are held in check. When the good faith runs out, both sides pull out all the stops.
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One school administrator for a posh private school in Manhattan told the New York Post that, "Sometimes, the parents are so high-maintenance, you almost rather see a nanny."
The news that Steven Cohen received a subpoena has led to some head-scratching and lots of tea-leaf reading, though in the end it's still unclear what the prosecution has in mind.
Lawyers for Rajat Gupta, the disgraced former Goldman Sachs director and ex-head of McKinsey, made the case for a new trial at a hearing this week.
Is Steven Cohen likely to be criminally charged?
Just two weeks before its 2013 annual shareholder meeting, JPMorgan's board had plenty to worry about. They set up a war room to grapple with the upcoming vote, and there was deep concern as the early vote trickled in, showing that a proposal to split the chairman and CEO positions was winning. The board started pulling out all the stops in a stepped-up lobbying campaign.
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ATMs are well into their fourth decade, and they appear to be having a midlife crisis. Instead of buying a red sports car or getting a tribal tattoo with those ear gauges, ATMs are getting a new lease on life with some cutting edge tweaks.
The concept of utility computing -- multiple companies sharing a common pool of standardized computing resources -- never really took off. Like my beloved jet pack. Article ...