Archive for the ‘News’ Category
Goldman’s NY prop traders in talks with KKR, Perella, BlackRock
NEW YORK (Reuters) – Individuals within Goldman Sachs Group Inc’s New York Principal Strategies group are in talks with several groups, including KKR, Perella Weinberg, and BlackRock, to possibly join one of them, a source familiar with the matter said.
BP blames contractors for oil spill
LONDON (Reuters) – BP attempted to place much of the blame for the rig blast that led to the United States’ worst-ever oil spill on its contractors, Transocean and Halliburton.
Wall Street bounces back, led by energy and materials
NEW YORK (Reuters) – Wall Street rose on Wednesday, bouncing off the previous day’s losses as a weaker U.S. dollar lifted energy and materials stocks.
Economists further scale back U.S. growth outlook
NEW YORK (Reuters) – Stubbornly high unemployment and signs of persistent weakness in the housing market have prompted economists to further cut their outlook for U.S. growth in the second half of the year, a Reuters poll showed on Wednesday.
Oracle offered Hurd pay package with $10 million bonus
NEW YORK (Reuters) – Oracle Corp offered its new president, Mark Hurd, former head of Hewlett-Packard Co, a salary of $950,000 and a bonus of up to $10 million for fiscal 2011, plus stock options.
Foster’s knocks back $2.5 billion offer for wine
MELBOURNE (Reuters) – Foster’s Group Ltd , Australia’s largest brewer, rejected a private equity offer worth up to $2.5 billion for its wine business as too cheap, sending its shares up as much as 6 percent on hopes of higher bids.
Dollar to maintain its dominance: China minister
XIAMEN, China (Reuters) – The dollar will remain the world’s dominant currency for a long time, and the yuan will only gradually emerge as an alternative, Chinese Commerce Minister Chen Deming said on Wednesday.
HSBC faces thorny issues in hunt for new chairman
LONDON (Reuters) – For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman.
