wall street banks

Goldman Sachs bans traders from swearing in emails

July 30th, 2010 - 4:53 pm ICT by ANI
London, July 30 (ANI): Investment bank Goldman Sachs has warned its traders not to swear in company emails, and added that their emails will be censored and unacceptable words removed.According to The ... Read more...

Posted in Business |

Obama signs biggest financial overhaul in generations

July 22nd, 2010 - 12:09 am ICT by IANS
Washington, July 21 (DPA) President Barack Obama Wednesday signed into law the most sweeping overhaul of the US financial system since the Great Depression of the 1930s, capping a year-long effort ... Read more...

Posted in Business |

Wall Street Reform Undergoes A Vote

May 21st, 2010 - 10:47 pm ICT by Pen Men At Work
May 21, 2010 (Pen Men at Work): The US Senate has ratified President Barack Obama’s banking reform bill. This would be the most difficult test to cope with for the Wall Street ... Read more...

Posted in Business |

GM finally back in the black, IPO expected soon

May 18th, 2010 - 9:07 pm ICT by Aishwarya Bhatt
Washington DC, May 18 (THAINDIAN NEWS) General Motors reported that it made a profit of $865 million, the first time the company has had a profitable quarter since 2007. It is a ... Read more...

Posted in Business |

U.S. not to accept 2nd place in world economy while India, China race for top: Obama

January 28th, 2010 - 11:36 pm ICT by ANI
Washington, Jan., 28 (ANI): United States President Barack Obama on Thursday said the US cannot accept second place for itself in the world economy and should become serious about fixing its ... Read more...

Posted in World |

Andrew Ross Sorkin’s Book Reveals The Inner Truths Of US Financial Meltdown

December 10th, 2009 - 7:25 pm ICT by GD
By Ranjan Bhaduri Dec.10, (THAINDIAN NEWS) The world economy went through one of its most pathetic phases last year when the Wall Street banks collapsed and this led to a worldwide recession and ... Read more...

Posted in Books |

Citigroup, Bank of America surprise with profit (Lead)

July 18th, 2009 - 12:39 am ICT by IANS
New York, July 17 (DPA) Citigroup and Bank of America Friday reported billions of dollars in second-quarter profits, matching a flow of positive earnings from other US banks this week despite being ... Read more...

Posted in Business |

US stocks drop after best rally of the year

March 25th, 2009 - 4:58 am ICT by IANS
New York, March 25 (DPA) US stocks fell sharply Tuesday, one day after posting their biggest gains of the year, as the US administration sought new powers to control failing financial ... Read more...

Posted in Business |

Markets cool off as profit booking kicks in (Roundup)

March 24th, 2009 - 6:05 pm ICT by IANS
Mumbai, March 24 (IANS) The rally in Indian equities markets lost steam Tuesday as investors took advantage of higher valuations and booked profits in select stocks, leading to a key index ... Read more...

Posted in Business |

Geithner unveils details of trillion-dollar toxic-asset rescue bid (Lead)

March 24th, 2009 - 12:41 am ICT by IANS
Washington, March 23 (DPA) The US will use both private and public funds to buy up to $1 trillion in toxic mortgage assets that have brought Wall Street banks to the ... Read more...

Posted in Business |

With a ‘lame-duck’ Bush in charge, Obama worries all night

November 27th, 2008 - 10:33 am ICT by IANS
Washington, Nov 27 (IANS) Facing the worst economic crisis since the Great Depression, President-elect Barack Obama says he is kept awake at night worrying about what will happen to the country over ... Read more...

Posted in World |

Asian shares fall sharply on Wall Street’s historic plunge

September 30th, 2008 - 5:30 pm ICT by IANS
Tokyo, Sep 30 (DPA) Japanese stocks tumbled more than four percent Tuesday to a three-year low, leading an Asia-Pacific sell-off in reaction to Wall Street's historic plunge.The benchmark Nikkei 225 Stock Average ... Read more...

Posted in World |

Wall Street banks fight to survive

September 15th, 2008 - 5:32 pm ICT by ANI
New York, Sept. 15 (ANI): Wall Street was in turmoil on Sunday as Merrill Lynch found shelter in a 44 billion dollar takeover by Bank of America and Lehman Brothers headed ... Read more...

Posted in National |

Infosys Q1 net rises 21%, raises FY09 forecast

July 11th, 2008 - 8:26 pm ICT by ANI
Bangalore, July 11 (ANI): Infosys Technologies Limited beat expectations with a 21 per cent rise in quarterly profit thanks to a weaker rupee, and raised its full year guidance on hopes ... Read more...

Posted in National |