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Forbes’ ‘tomorrow’s brightest stars’ includes 10 Indians (Lead)


December 21st, 2011 - 6:33 pm ICT by IANS
Washington, Dec 21 (IANS) Ten Indians, including a 17-year-old, rub shoulders with the likes of Facebook founder Mark Zuckerberg and pop stars Lady Gaga and Justin Bieber in a ... Read more...

Posted in Business |

10 Indians among Forbes’ ‘tomorrow’s brightest stars’


December 21st, 2011 - 11:34 am ICT by IANS
Washington, Dec 21 (IANS) Ten Indians rub shoulders with the likes of Facebook founder Mark Zuckerberg, human rights activist Ronan Farrow and pop stars Lady Gaga and Justin Bieber ... Read more...

Posted in Business |

China had 535,000 millionaires in 2010


October 13th, 2011 - 5:04 pm ICT by IANS
Beijing, Oct 13 (IANS) China had 535,000 millionaires last year, registering a 12-percent year-on-year increase in its number of millionaires, a Capgemini report said Thursday.The combined wealth of China's 535,000 ... Read more...

Posted in Business |

Gulf stock markets fall as Libyan crisis deepens


February 23rd, 2011 - 3:47 am ICT by IANS
Dubai, Feb 23 (IANS) Gulf Arab stock markets have been declining since last week despite the surging oil prices that normally support the regional stock indices, Xinhua reported.While political tensions in Bahrain ... Read more...

Posted in Business |

LinkedIn files registration for proposed public stock offering


January 28th, 2011 - 2:21 pm ICT by BNO News
MOUNTAIN VIEW, CALIFORNIA (BNO NEWS) -- LinkedIn Corporation on Thursday announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering (IPO) of ... Read more...

Posted in Technology Industry News |

Bradley Cooper’s father passes away


January 19th, 2011 - 5:34 pm ICT by ANI
Washington, Jan 19 (ANI): Bradley Cooper's father Charles passed away on Jan. 15 after a long illness. He was 71.Charles Cooper was a stockbroker with Merrill Lynch, reports People mag.He is survived ... Read more...

Posted in Entertainment |

Britain’s ‘most-networked’ man sets eyes on India


January 10th, 2011 - 12:46 pm ICT by IANS
By James Jose New Delhi, Jan 10 (IANS) Pi Capital, the Britain-based private equity firm for top-notch industrialists and high net-worth individuals, is finally opening a unit in India where it has an ... Read more...

Posted in Business |

Are Women Better Investors Than Men? New Studies Say So


December 24th, 2010 - 9:18 pm ICT by GD
By Ranjan Bhaduri Dec 24, (THAINDIAN NEWS) Are women better investors than men? At least that is what the Economists at Bank of America-Merrill Lynch, Neil Dutta and Ethan Harris feel. The brands ... Read more...

Posted in World |

‘Spielberg banned in Middle East after Israel war donation’


December 18th, 2010 - 3:24 pm ICT by IANS
London, Dec 18 (IANS) Films made by veteran Hollywood director Steven Spielberg were banned by 14 Middle East countries after the "Jurassic Park" filmmaker donated $1 million to Israel during the 2006 ... Read more...

Posted in Entertainment |

Fed Reserve gave $9 trillion emergency loans to US banks


December 2nd, 2010 - 2:36 pm ICT by IANS
By Arun Kumar Washington, Dec 2 (IANS) The Federal Reserve, America's central bank, made $9 trillion in overnight loans to major banks and Wall Street firms during the financial crisis, according to ... Read more...

Posted in Business |

Spears ‘wants to invest her millions of dollars’


October 18th, 2010 - 3:32 pm ICT by ANI
Washington, Oct 18 (ANI): Britney Spears has asked for the control of her money to be given to her financial advisors at Merrill Lynch and UBS Financial Services.Brit is reported to ... Read more...

Posted in Entertainment |

Bank Of America’s EX CEO Vehemently Defends Merrill Lynch Buyout


August 28th, 2010 - 7:41 pm ICT by GD
By Ranjan Bhaduri Aug 28, (THAINDIAN NEWS) In a recent development that has made sensation in the banking sector of the USA the ex CEO of Bank Of America Kenneth Lewis, and ex ... Read more...

Posted in Business |

Bank Of America Loses Merrill Lynch Acquisition Related Lawsuit


August 28th, 2010 - 7:38 pm ICT by GD
By Ranjan Bhaduri Manhattan, Aug 28, (THAINDIAN NEWS) In a recent development that has come to the largest bank of USA, Bank Of America as a blow, a deferral judge in Manhattan refused ... Read more...

Posted in Business |

Bank Of America Looking For New Office Space


August 28th, 2010 - 7:38 pm ICT by GD
By Ranjan Bhaduri Aug 28, (THAINDIAN NEWS) The largest bank of USA, Bank Of America is looking for around 1 million square feet for its new office in New York City. It has ... Read more...

Posted in Business |

Indian millionaires’ number up by 50 percent in 2009


June 23rd, 2010 - 5:04 pm ICT by IANS
London, June 23 (IANS) Buoyed by strong stock markets, the net wealth of Asian millionaires is now more than that of their European counterparts for the first time while the number of ... Read more...

Posted in Business |

Financial sector key recruiter at IIM-Kozhikode


March 15th, 2010 - 11:03 pm ICT by IANS
New Delhi, March 15 (IANS) Strengthening the economic revival story, financial sectors made a beeline to hire students from Indian Institute of Management-Kozhikode (IIM-K). The elite B-school Monday said that a whopping ... Read more...

Posted in Business |

New York stockbroker arrested for stealing $780k


February 17th, 2010 - 4:25 am ICT by BNO News
NEW YORK CITY (BNO NEWS) – A New York stockbroker was arrested for stealing $780,000 from Merrill Lynch, prosecutors announced on Tuesday.Steven Mandala, 29, was indicted on felony charges of grand larceny, ... Read more...

Posted in Business |

Milkshake Murder Verdict Overturned By Hong Kong’s Top Court


February 12th, 2010 - 9:09 pm ICT by GD
By Ranjan Bhaduri Feb 12, (THAINDIAN NEWS) Hong Kong's highest court today ruled against the murder conviction of Nancy Kissel, an American woman and ordered for a retrial for resolving the truth behind ... Read more...

Posted in World News |

Doubts over Sahara buying debt-ridden Liverpool


February 10th, 2010 - 7:27 pm ICT by IANS
New Delhi, Feb 10 (IANS) The British media is abuzz that Indian business tycoon Subrata Roy is interested in buying English Premier League club Liverpool, but no-one is prepared to believe that ... Read more...

Posted in Business |

Ken Lewis, Bank Of America Charged With Fraud


February 5th, 2010 - 7:45 pm ICT by GD
By Gina Gomez New York, Feb 5, (THAINDIAN NEWS) Bank of America's former Chief Executive Officer Ken Lewis has found himself amidst a new legal battle as a lawsuit has been filed against ... Read more...

Posted in Business |

Bank of America, former CEO charged with fraud


February 5th, 2010 - 1:35 am ICT by IANS
New York, Feb 5 (DPA) Bank of America and its former chief executive Kenneth Lewis have been charged with fraud over the controversial takeover of rival Merrill Lynch at the height of ... Read more...

Posted in Business |

Bank of America website is down


January 30th, 2010 - 2:35 am ICT by Aishwarya Bhatt
New York, Jan 29 (THAINDIAN NEWS) The website for Bank of America has been down since morning. The URL of the website is https://www.bankofamerica.com and it isn’t working at all today. ... Read more...

Posted in Business |

Full Review Of AIG Bailout Demanded By FRBNY


January 20th, 2010 - 6:08 pm ICT by GD
By Ranjan Bhaduri Jan 20, (THAINDIAN NEWS) The chairman of Federal Reserve has asked for a full review of the AIG bailout. Ben Bernanke, who serves as the Federal reserve Chairman 'wrote to ... Read more...

Posted in Business |

Bank Of America Might Face Additional Charges From SEC For Paying Bonus


January 12th, 2010 - 10:22 pm ICT by GD
By Meena Kar Jan 12, (THAINDIAN NEWS) The economic recession has taken a toll on all the financial institutions of the country and had crippled many of them. The federal regulatory board has ... Read more...

Posted in Business |

Out of boom and bust in Dubai


December 31st, 2009 - 12:56 pm ICT by IANS
By Shabtai Gold Cairo/Dubai, Dec 31 (DPA) Dubai was the glitz, the glamour and the good life for many. The buildings were the fanciest, newest and tallest. The emirate had little water, but ... Read more...

Posted in Business |

Bank Of America Appoints Brian Moynihan As New CEO


December 17th, 2009 - 7:14 pm ICT by GD
By Ranjan Bhaduri Dec.17, (THAINDIAN NEWS) In a recent development Bank Of America has appointed Brian Moynihan as its new CEO. He is slated to replace existing CEO Ken Lewis and join the ... Read more...

Posted in Business |

Satyam’s Raju put in Forbes `2009 Hall of Shame’


November 27th, 2009 - 12:15 am ICT by IANS
New York, Nov 26 (IANS) The Forbes, best known for its rankings of the richest and the most powerful the world over, has put Ramalinga Raju, the founder-chairman of Satyam Computers ... Read more...

Posted in Business |

Suze Orman Receives A Standing Ovation At The Texas Conference For Women


November 22nd, 2009 - 6:46 pm ICT by GD
By Gina Gomez Texas, Nov.22, (THAINDIAN NEWS) Financial advisor and television personality Suze Orman appeared at the 10th Annual Texas Conference for Women, which was held last week in Houston, Texas. Orman was ... Read more...

Posted in Business |

Finance firms lead recruitment in IIM-C summer placements


November 12th, 2009 - 12:09 am ICT by IANS
Kolkata, Nov 11 (IANS) As many as 61 Indian Institute of Management-Calcutta students got internship offers abroad with 43 percent landing up jobs in banks and equity firms, during summer placements conducted ... Read more...

Posted in Business |

Bank of America posts $2.2 bn loss


October 16th, 2009 - 10:57 pm ICT by IANS
New York, Oct 16 (DPA) Bailed-out financial firm Bank of America Friday reported a massive $2.2 billion loss in the third quarter due to fresh credit losses. The loss was higher than expected ... Read more...

Posted in World |

Sallie Krawcheck of BOA announces her leadership team


October 6th, 2009 - 3:55 am ICT by Aishwarya Bhatt
North Carolina, Oct 5 (THAINDIAN NEWS) Bank of America Corp’s head honcho for Wealth and Investment management, Sallie Krawcheck announced her leadership team for the unit.The brokerage firm Merrill Lynch is one ... Read more...

Posted in Business |

Morgan Stanley chief to step aside


September 11th, 2009 - 10:42 am ICT by IANS
New York, Sep 11 (DPA) Morgan Stanley investment bank chief John Mack will step aside at the end of the year, the company announced late Thursday in New York. The 64-year-old ... Read more...

Posted in Business |

Dan Sontag Steps Down From His Post


August 5th, 2009 - 6:05 pm ICT by GD
Dan Sontag, the senior vice president and the head of the Global Wealth Management's Americas Client Relationship Group is all set to step down from his post. The startling declaration came just ... Read more...

Posted in Business |

Bank of America pays $33-mn fine for misleading bonuses


August 4th, 2009 - 4:14 am ICT by IANS
Washington, Aug 4 (DPA) The Bank of America agreed to pay US regulators a $33-million fine for misleading its investors about billions of dollars in bonuses paid to Merrill Lynch executives when ... Read more...

Posted in Business |

White House apologises over Air Force One blunder


April 28th, 2009 - 8:46 am ICT by IANS
Washington, April 28 (DPA) The White House has issued an apology after a presidential plane flying low over New York for a photo shoot left people on the ground panicking over ... Read more...

Posted in Business |

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