The policies of departed Hewlett-Packard (HPQ) CEO Leo Apotheker helped cost investors $50 billion in market value as the tech company's stock dropped from a 52-week high of $49.49 to its current price of $23.19. Now, the board wants to create a plan that could well keep the price of the stock low for some time.
The average person may find it hard to imagine what big company CEOs do to justify their massive pay packages. Shareholders often ask a similar question: Why pay executives so much when the returns they produce are often so modest? But that's a question that doesn't apply to JPMorgan Chase CEO Jamie Dimon.
Yahoo may be considering selling off its stake in joint venture with Japanese Internet giant Softbank. What would it do with the $8 billion?
A little late to the social media party, JPMorgan plans to invest $450 million in Twitter to buy a 10% stake of the social media company.
Apple, BofA, Morgan Stanley, IBM, GE, Goldman and Google are among the names reporting this week. And if last week's numbers are any guide, the market should have plenty of reasons to rally -- especially because expectations aren't all that great.
Fourth-quarter 2010 earnings season ramps up this week. Analysts expect strong results from some big corporate names. And on the heels of last week's big earnings beat from JPMorgan Chase, the financial sector will have plenty more results to peruse this week.
Facebook's value soars to $50 billion as Goldman Sachs and Russian Digital Sky Technologies invest $500 million in the social network.
In a regulatory filing, Goldman said it's reviewing loan practices at Litton Loan Servicing, the firm's residential mortgage-servicing subsidiary, in response to requests from regulators and states attorneys general.
Stocks fell sharply Tuesday after a surprise rate hike from China's central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.
Goldman Sachs reported sharp declines in third-quarter earnings and revenue, hurt by slower summer trading activity. But its profits still easily exceeded analysts' average forecast.
Goldman Sachs is expected to report a sharp drop in third-quarter earnings early Tuesday, due to a decline in trading activity in a market that's been light on volume for months. Goldman is forecast to report adjusted earnings of $2.28 a share.
Cisco Systems and Westcon Group North America agreed to pay $48 million to settle charges they paid kickbacks and referral fees to win government business, and then recouped those costs and more by overcharging the government for their services.
Reuters has divulged some details about the IPO plan. The most depressing among these is that the deal will price well below the level that would get U.S. taxpayers back the money that they have put into the No. 1 automaker.
Goldman Sachs disclosed to the SEC the exercise of stock options and sales of shares that totaled tens of millions of dollars. CEO Lloyd Blankfein and President Gary Cohn who gained millions from the sale.
The firm will use screening tools to detect common swear words and acronyms, joining several others, such as Morgan Stanley and JPMorgan Chase, that already have such rules about keeping email clean.
A new report from pay czar Kenneth Feinberg looks at compensation practices at 17 banks that received federal bailouts, and it's not a pretty picture: The banks made an estimated $1.6 billion in "ill-advised" payments.
Morgan Stanley is expected to swing back to profitability in the second quarter when it releases results ahead of Wednesday's opening bell, but like other Wall Street giants, its revenues from trading likely swooned in spring and early summer.
After the Dow's 261-point belly flop to end last week on what were, after all, better-than-expected bank earnings, investors may be forgiven for feeling rather queasy after checking out this week's earnings calendar, which includes 120 of the S&P 500.
The SEC's commissioners were split over the decision to settle fraud charges with investment bank Goldman Sachs. Observers say the SEC probably had some doubts about the strength of its case.
Stocks fell sharply Friday after earnings from the nation's biggest banks disappointed investors and the latest reading on consumer sentiment plunged on job fears. The financial sector sold off more than 4%.
Despite fraud charges and adverse publicity over bonus payments, Goldman Sachs has reclaimed its position as top global mergers and acquisitions advisor for the first half of 2010.
Executives at Goldman Sachs are considering a new marketing plan that includes chief executive officer Lloyd Blankfein possibly appearing on Oprah. Apparently no one at Goldman actually watches The Oprah Winfrey Show.
The Financial Crisis Inquiry Commission isn't satisfied that Goldman Sachs Group is doing all it can to supply the agency with documents and other information about the bank's role in the credit crisis of 2008.
Federal prosecutors are looking into whether banks misled investors about their roles in mortgage-bond deals. Targeted banks include Citi, JPMorgan Chase, and UBS. At the same time, New York's Attorney General is launching a separate probe of whether some banks misled ratings agencies.
Morgan Stanley weathers investigations into sales of securities, joining Goldman Sachs on the list of Wall Street firms scrutinized by the SEC.
Questions about whether Goldman Sachs Group chairman and CEO Lloyd Blankfein can stay in his job are mounting. Could Buffett step in?
At Berkshire Hathaway's annual meeting, DailyFinance asked Warren Buffett if he would make the same decision now to invest in Goldman Sachs, seeing how the bank's reputation has suffered since he ponied up $5 billion in 2008. Find out why he says: "It's a great investment."
Goldman reportedly plans to claim it was unsure of the mortgage market's direction in 2006 and 2007. How this boosts its legal case against SEC fraud charges is unclear -- but it certainly signals that clients' interests don't come first for the bank.