Latest News
Smith International, Inc. Closes Previously Announced Public Offering of Common Stock
CNBC | 9 hours 44 minutes ago
HOUSTON, Nov 23, 2009 (BUSINESS WIRE) -- Smith International, Inc. (NYSE: SII) ("Smith") today announced that it has closed its previously announced public offering of 28,000,000 shares of its common stock at $26.50 per share. The net proceeds from the offering will be used for debt repayment, general corporate purposes, and funding of potential acquisitions or investments.... (more)
Weak dollar, home sales data carry stocks higher
Yahoo! | 9 hours 51 minutes ago
NEW YORK ? Investors halted stocks' three-day losing streak Monday, buying across the market on a range of factors including the weaker dollar and better-than-expected home sales numbers.... (more)
Retirement Readiness Varies Widely By Industry: Study
Forbes | 10 hours 55 minutes ago
Goldman employees lag; pilots' packages soar.... (more)
Ossie's casino
Economist, The | 11 hours ago
UBS wants to grow, but its supervisors want it to shrink... (more)
Harley sales slow, inventories rising
Milwaukee Journal Sentinel | 11 hours 6 minutes ago
Harley-Davidson Inc. motorcycle sales are soft, but the company is focused on a turnaround in the economy, according to a new analysis from Robert W. ... (more)
UPDATE 1-TDC says main owners undertake strategy review
Reuters | 11 hours 8 minutes ago
COPENHAGEN, Nov 23 (Reuters) - Danish telecom operator TDC (TDC.CO), which has been widely tipped as a candidate for a big stock offering, said on Monday its main owner had begun reviewing "strategic alternatives" for the company.... (more)
UPDATE 2-Citi, UBS rank low in S&P new capital ratio study
Reuters | 11 hours 8 minutes ago
LONDON, Nov 23 (Reuters) - Rating agency Standard & Poor's said it found most banks in a study were weakly capitalised, with Citigroup (C.N), UBS (UBSN.VX) and Mizuho Financial Group (8411.T) more than two-thirds below the average.... (more)
UPDATE 1-CME to reconsider planned ag settlement changes
Reuters | 11 hours 52 minutes ago
CHICAGO, Nov 23 (Reuters) - The CME Group (CME.O) said Monday it would not implement planned changes to its settlement procedures for Chicago Board of Trade agricultural futures, in order to allow for additional analysis.... (more)
Executives Kept Wealth as Firms Failed, Study Says
CNBC | 11 hours 53 minutes ago
Bear Stearns and Lehman Brothers paid their executives largely in stock, and that stock lost most or all of its value when those companies collapsed.... (more)
Lehman, Bear Executives' $2.4 Billion Tied to Risk-Taking in Harvard Study
Bloomberg | 12 hours 25 minutes ago
The top five officials at Lehman, which filed for bankruptcy in September 2008, received $1 billion in cash bonuses and proceeds from equity sales during the period, according to the report, â??The Wages of Failure,â?? released today by Harvard Law School's Program on Corporate Governance. Bear Stearns's top executives made $1.4 billion in the years before JPMorgan Chase & Co. agreed to buy the firm in 2008.... (more)
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