Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing a turnaround plan.
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta was once on hedge fund billionaire Raj Rajaratnam's "important people" list but excluded from a fantasy football celebration helicopter trip to Atlantic City with other corporate high-flyers. On the second[…]
(Reuters) - Wells Fargo & Co doesn't employ the same kind of hedging strategy that has triggered a trading loss of at least $2 billion at rival JPMorgan Chase & Co , the bank's chief risk officer said on Tuesday.[…]
SAN FRANCISCO (Reuters) - With two of its most distracting conflicts resolved in the past week and a half, Yahoo Inc hopes its new interim chief executive can focus on the biggest challenge of all: turning the company into a[…]
Massachusetts' top securities regulator has subpoenaed Morgan Stanley related to allegations that it gave some clients negative information about Facebook before last week's initial public offering.
May 22 (Bloomberg) -- Jules Kroll, chief executive officer of Kroll Bond Ratings Inc., talks about the Standard & Poor's downgrade of its rating on U.S. debt, the bond-rating industry and the regulation of risk. He speaks with Pimm Fox[…]
Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss.
SAN FRANCISCO (Reuters) - Dell Inc forecast disappointing second-quarter revenue as U.S. and European corporate tech spending weakens and consumer personal computer sales continue to shrink, hammering its shares. Shares in the company, which like rival Hewlett-Packard Co is losing[…]
May 22 (Bloomberg) -- Dino Kos, managing director at Hamiltonian Associates Ltd., talks about the European debt crisis and the U.S. economy. He speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
May 22 (Bloomberg) -- Arminio Fraga, chairman of BM&FBovespa SA and a former Brazil central bank president, talks about the performance of Brazilian stocks and the real. Fraga also discusses Brazil's economy and central bank monetary policy. He speaks with[…]
