NEW YORK (Reuters) - Goldman Sachs Group Inc <GS.N> CEO Lloyd Blankfein and other top executives, pressured by public outrage to slash their bonuses, still received tens of millions of dollars in distributions from an internal investment fund in 2009.
Blankfein received $18.7 million in distributions from investment funds ...More
NEW YORK (Reuters) - Washington's bid to put finishing touches on healthcare reform this weekend should help lift uncertainty on Wall Street, but there may be some turbulence along the way next week as the recent rally appears to be fraying.
Democratic leaders in the House of Representatives pushed undecided ...More
PHOENIX (Reuters) - The U.S. pay czar will slash the number of top General Motors Co executives who will receive base salaries of more than $500,000 this year.
Pay czar Kenneth Feinberg said he plans to release the 2010 compensation decisions next week on the five large U.S ...More
NEW YORK (Reuters) - Smartphones may be one of the hottest areas in technology with big names like Apple and Google tussling for share, but investors are questioning the growth prospects for mobile carriers as subscriber gains slow.
While it is true that clever devices like the iPhone or Android phones ...More
WASHINGTON (Reuters) - The chairman of the Senate Banking Committee on Friday wrote to the Justice Department urging establishment of a task force to probe possible violations of the law at Lehman Brothers and other firms.
"I am deeply concerned about the facts that have come to light regarding the demise ...More
NEW YORK (Reuters) - JPMorgan Chase & Co <JPM.N>, the second-largest U.S. bank, paid Chief Executive Jamie Dimon $1.32 million in salary and extra compensation in 2009, according to the company's proxy filing.
The figure excludes some $16 million in stock and bonds he received this year, based ...More
LOS ANGELES/NEW YORK (Reuters) - Billionaire investor Carl Icahn offered on Friday to buy Lions Gate Entertainment Corp <LGF.N>, in a move designed to forestall the studio's expected bid for storied rival Metro-Goldwyn-Mayer Inc <MGMYR.UL>.
Shareholders are unlikely to bite because Icahn's offer is low, but ...More
NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading.
Revenue fell to $1.9 billion from $5.7 ...More
WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market.
The House ...More
WASHINGTON (Reuters) - Unemployment rates in 363 U.S. metropolitan areas rose in January, and 346 areas reported year-on-year declines in their number of jobs, the Labor Department said on Friday.
Nearly 200 metropolitan areas reported jobless rates of at least 10 percent in January, showing that unemployment problems persist at ...More
