The Bloomberg Terminal, a Wall Street Fixture, Faces Upstarts
The data terminals, which have generated billions for Bloomberg L.P., are in the cross hairs of new rivals, while Wall Street is looking to shave costs.
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Ocwen Reaches Settlement With California Regulator
The embattled subprime mortgage servicer agreed to pay $2.5 million in penalties and pay for a third-party auditor to ensure that the firm complies with regulators’ requests for information.
Continue ReadingGorman at Morgan Stanley to Receive $4.4 Million Stock Bonus
The investment bank will also most likely pay its chief executive a cash bonus and another stock bonus tied to the bank’s future performance, in addition to a $1.5 million salary.
Continue ReadingHint for Investors in Rise in Cash for Wall St. Chiefs’ Pay
With stock gains at the big banks slowing, cash bonuses may seem relatively more appealing to bank bosses. Investors should keep that in mind, Antony Currie of Reuters Breakingviews writes.
Continue ReadingGoldman Sachs Executive Says Falling Oil Prices Will Help Consumers, and Firm’s Business
Goldman Sachs has calculated that falling oil prices will push well over a trillion dollars into other industries around the world, said Gary Cohn, the investment bank’s president and chief operating officer.
Continue ReadingOnline Storage Company Box Has Strong Debut in First Day of Trading
Shares in the online file storage company opened 44 percent higher than its I.P.O. price, catching up to the $2.4 billion valuation that it fetched in its most recent private financing round.
Continue ReadingLondon Hedge Fund Founder Sentenced to 13 Years in Prison
Magnus Peterson, the founding director of Weavering Capital, was convicted of eight counts, including fraud, forgery, false accounting and fraudulent trading.
Continue ReadingMorning Agenda: Winklevosses Plan Bitcoin Exchange
The Winklevoss twins are planning to open a Bitcoin exchange. | Hutchison Whampoa is in talks to buy O2 of Britain. | Attractive pay packages for chiefs of JPMorgan and Goldman. | Markets respond to E.C.B. stimulus plan.
Continue ReadingEurope Puts Its Money on the Table
With a $69 billion-a-month bond-buying program, Mario Draghi, the central bank president, is unleashing the bank’s full money-printing powers.
Continue ReadingOnline Storage Provider Box Prices I.P.O. at $14 a Share
Box will be valued at $1.7 billion when it begins trading on Friday, but concerns have been raised within Silicon Valley about the highflying valuations that some technology darlings have fetched recently.
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