FT/Goldman Sachs Book Awards Celebrate Reading in a Digital Age
12:00 AM 10/28/2010
Technology, Economy, Media, Goldman Sachs , Google , Books
Fault Lines: How Hidden Fractures Still Threaten the World Economy, by Raghuram G. Rajan, took home the honors at the Financial Times/Goldman Sachs business book of the year award. Keynote speaker Vartan Gregorian delivered a rousing speech in which he called the print vs. digital debate a false choice.
Google Near Purchase of NYC Landmark Building at 111 Eighth Ave.
6:22 PM 10/27/2010
Google is preparing to buy the gargantuan 111 Eighth Ave., which occupies an entire city block in Chelsea. Already home to Google's New York headquarters, the building is one of the most important tech facilities on the East Coast.
Berkshire Investors Struggle With the Todd Combs News
4:30 PM 10/26/2010
Company News, People, Investing, Goldman Sachs , Berkshire Hathaway
After plunging most of Tuesday on uncertainty about Combs, Berkshire shares recovered somewhat as investors learned more about him. Combs's Castle Point fund was seeded by former Goldman Sachs CEO Stephen Friedman's Stone Point Capital.
Top U.S. Incomes Grew Five-Fold in 2009, to a $519 Million Average
3:00 AM 10/26/2010
During the depths of the recession in 2009, as millions of Americans lost their jobs, homes and life savings, the highest-paid earners in the United States saw their average incomes increase from $91.8 million in 2008 to a mind-boggling $518.8 million. That's $10 million per week.
It's the moment many in the financial world have been waiting for: a clue about who'll succeed the Oracle of Omaha as the chief investment officer at Berkshire Hathaway. We're getting a little closer. Meet Buffett's top choice.
Economist Joseph Stiglitz: Put Corporate Criminals in Jail
6:30 AM 10/22/2010
In a wide-ranging interview, the Nobel Prize winner decries the system of skewed incentives that allowed Wall Street bankers and other corporate execs to gamble with the country's wealth -- and then get away largely scot-free. What happened to "with justice for all," he asks.
Joseph Stiglitz Interview Transcript, Oct. 20, 2010
6:29 AM 10/22/2010
Interview Transcript: Joseph Stiglitz, Oct. 20, 2010
By Sam Gustin and Michael Rainey
Prof. Joseph Stiglitz is University Professor at Columbia University and Chair, Columbia University Committee on Global Thought. He teaches classes at the Columbia Business School, the Graduate School of Arts and...
Apple Reports Profit of $4.3 Billion on Record Sales
4:45 PM 10/18/2010
Tech juggernaut Apple handily beat earnings and revenue expectations last quarter, with sales hitting an all-time high of $20 billion. However, the stock was down in after-hours trading, on worries over margins and constraints in the company's supply chain.
'Mad Men' Waiting to Close the Deal on Another Season
12:30 PM 10/18/2010
Why hasn't Mad Men been picked up for another season? Matthew Wiener, the show's creator, isn't sure. All he could say at the screening of the star-studded finale for the show was that it has something to do with money. Translation: Hey AMC -- pay up! You've got a blockbuster on your hands. This is one deal you want to close.
Apple Earnings Are Set to Shine on iPhone and iPad Sales
7:30 AM 10/18/2010
Company News, Technology, Investing, Earnings, Google , Apple, Stocks in the News, Market News
As usual, expectations are high, but Apple has a way of exceeding optimistic hopes, partially because it tends to low-ball financial expectations. The only possible hitch: Apple is having trouble making enough products to meet demand.
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