Mon, 13/07/2009 - 18:49 by Inderjit Singh
New York -- Second quarter success at New York bank Goldman Sachs may prompt other institutions to ramp up their tolerance for risk-taking, an industry analyst said.
Richard Bookstaber, author of "A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation," told The New York Times Monday that "someone takes risks and makes money -- maybe they were smart, maybe they were lucky. But then everyone else feels like they need to take the same risks."
Analysts said risk-taking may have paid off for Goldman Sachs, which returned its portion of government bailout funds last month.
Mon, 13/07/2009 - 18:37 by Natalie James
Los Angeles, July 13:“American Idol” host Ryan Seacrest has signed a new contract extension, which earns him a huge raise and secures his availability as host of the popular talent show through 2012, according to 19 Entertainment, co-producer of the show.
Mon, 13/07/2009 - 18:01 by Jaspreet Virk
New York, July 13: The U.S. government and Swiss banking giant UBS jointly agreed Sunday to postpone the hearing scheduled for Monday in Miami.
Mon, 13/07/2009 - 17:23 by Natalie James
California, July 13: Actor/comedian Artie Lange has been charged with driving under the influence of an intoxicant and careless driving after being involved in a car accident in central New Jersey on Friday, according to a report from The Associated Press.
Mon, 13/07/2009 - 17:06 by Kangna Agarwal
Los Angeles, July 13: The youngest of Brad Pitt’s and Angelina Jolie’s six children, Knox Leon and Vivienne Marcheline, turn one today.
Mon, 13/07/2009 - 14:41 by The Money Times...
Amsterdam, July 13: Royal Philips Electronics, largest maker of consumer electronics in Europe, reported second quarter earnings before interest, taxes and amortization (EBITA) of 118 million euros and sales of 5.2 billion euros.
Gerard Kleisterlee, president and chief executive officer of Royal Philips Electronics stated, "In line with earlier guidance, we did not see a material improvement in consumer or professional markets in the past three months.
"However, while the pressure on our top line persisted, we are reporting a positive net income and improved underlying profitability over the quarter.”
Though the company has witnessed fall in sales due to the weak economy, yet it has managed to improve its EBITA in all business sectors as compared to first quarter results.
Mon, 13/07/2009 - 13:19 by Neka Sehgal
Tokyo, July 13: The leading Japanese beverage giants Kirin Holdings and Suntory Holdings are considering combining their operations, a merger that would create one of the world’s largest beverage makers, local media reported Monday.
Mon, 13/07/2009 - 12:47 by Natalie James
California, July 13: Channing Tatum and Jenna Dewan, the stars of 2006 dance/romance film “Step Up” wed in Malibu on Saturday, according to several tabloid reports.
Mon, 13/07/2009 - 10:42 by Jaspreet Virk
In uncertain and difficult times, we all look for ways to pinch pennies. Here is a list of 10 areas where you can cut costs to live within your means:
Sun, 12/07/2009 - 22:14 by Ilan Moscovitz
Maybe you've heard this popular myth:
A major cause of the financial crisis was boneheaded Wall Street compensation packages unaligned with shareholder interests.