|
Business Matters
Monday, November 09, 2009
Regulators can't agree on where to cap pay
by Ian Katz, Bloomberg News
Global leaders and regulators trying to rein in banker pay are proposing everything from clamping down on guaranteed bonuses to recouping compensation from prior years if losses mount. Largely unaddressed ....
ViewPoint
Monday, November 09, 2009
After Madoff, scammers now look like amateurs
by Ann Woolner, Bloomberg News
Thomas Petters had no idea a device on his assistant's key ring was recording him when he said not to worry about the “crime” they were committing. He had a plan to shut it down, he told her. But, if ....
Monday, November 09, 2009
U.S. unemployment jumps to 10.2 percent
by Bloomberg News
The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will ....
Friday, November 06, 2009
SEC: JPMorgan's Ala. swaps provided payoffs
by Martin Z. Braun and William Selway, Bloomberg News
JPMorgan Chase & Co.'s Charles LeCroy explained to a colleague in 2003 how he planned to keep his job as the chief bond banker to Jefferson County, Ala. “I got to get the politics lined up,” he said, ....
ViewPoint
Friday, November 06, 2009
Banking break-up is template for Obama
by Matthew Lynn, Bloomberg News
It's too late, too timid, and comes with too many questions attached. Even so, the U.K. government deserves some credit for finally moving to break up a bloated, failed banking industry. It has done two ....
Friday, November 06, 2009
Buffett's buy includes CEO who engineered railroad
by Bloomberg News
Warren Buffett didn't just buy a railroad when he announced his purchase of Burlington Northern Santa Fe Corp. He hired the engineer, too. “It's a bet not only on the company but on talent,” said Gary ....
Thursday, November 05, 2009
Fed pledges to keep rates low for 'extended period'
by Bloomberg News
The Federal Reserve restated its intention to keep interest rates “exceptionally low” for “an extended period” as long as inflation expectations are stable and unemployment fails to decline.“Businesses ....
Thursday, November 05, 2009
Clothing labels are brand-hopping retailers
by ANNE D'INNOCENZIO, Associated Press writer
Some of fashion's best-known names are playing musical chairs.Faced with a consolidating department store industry and eroding sales, some labels are cutting ties with retailers that sold their clothing ....
ViewPoint
Thursday, November 05, 2009
Making Wall Street pay seems nice until we try it
by David Reilly, Bloomberg News
The government wants financial companies, not taxpayers, to pay the tab for too-big-to-fail firms that run into trouble. As good as that sounds, it may not work.In that case, financial reform legislation ....
Wednesday, November 04, 2009
New chief could mean new home for BofA
by David Mildenberg and Bradley Keoun, Bloomberg News
Bank of America Corp. broadened its search for a chief executive officer to include candidates who want to live in New York, acknowledging the bank's biggest units are no longer based in its home of Charlotte, ....
ViewPoint
Wednesday, November 04, 2009
Steve Jobs, the ultimate challenge awaits you
by William Pesek, Bloomberg News
It's what many in Tokyo are thinking, but few will say: Japan Airlines Corp. needs a Carlos Ghosn.Asia's biggest airline is furiously seeking debt-forgiveness from lenders and a fourth state bailout since ....
Wednesday, November 04, 2009
Berkshire takes 10 days to seal biggest deal of Buffett's career
by Bloomberg News
Warren Buffett put together the biggest deal in his 44-year career at Berkshire Hathaway Inc. in 10 days. Buffett, Berkshire's chairman, was in Fort Worth, Texas, on Oct. 22 for a company board meeting. ....
Tuesday, November 03, 2009
Expert: Commercial real estate is facing a crash
by John Gittelsohn and Thomas R. Keene, Bloomberg News
Billionaire investor Wilbur L. Ross Jr., said the U.S. is in the beginning of a “huge crash in commercial real estate.” “All of the components of real estate value are going in the wrong direction simultaneously,” ....
ViewPoint
Tuesday, November 03, 2009
Recession didn't make chief execs any wiser
by David Pauly, Bloomberg News
Corporate executives have learned nothing from the recession. As the economy recovers, they should use the cash they piled up during the bad times to build new plants and make sensible acquisitions while ....
Tuesday, November 03, 2009
New-buyer tax credit pushes up sales for pre-owned homes
by Bloomberg News
The number of contracts to buy previously owned homes in the U.S. rose in September for an eighth straight month as Americans rushed to meet a deadline for a home-buyer tax credit. The index of signed ....
Monday, November 02, 2009
Nissan looks to lawyers to pick Leaf's name
by Kae Inoue, Makiko Kitamura and Yuki Hagiwara, Bloomberg News
After Nissan Motor Co. tackled technical restrictions on its first electric car involving range, battery life and temperature fluctuations, it still had to come up with a name. Choosing 'Leaf' wasn't ....
|
