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| Simple joys | 14-NOV-09 |
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| A t a time when investment books were not easily available in India, Hiren Gada recalls photocopying a borrowed copy of One Up On Wall Street by Peter Lynch (Rs 750) for himself. “Later on, I bought my own copy. This became my foundation in investments and equities,” he shares while adding that The Magic of Thinking BIG by David Schwartz (Rs 300) is another one of his favourite possessions. “I have a strong emotional connect with both these books,” says Gada. |
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| 4 Indians among 20 charged | 07-NOV-09 |
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| The FBI has charged a further 14 people, including two Indians and Wall Street professionals, in a widening $53 million insider trading scam, the largest ever such case in the United States. |
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| A tale of two sea creatures | 17-OCT-09 |
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| Bank earnings are never as transparent as a calm tropical sea. But third-quarter numbers ought, at least, to be easier to follow than they have been for some time. Take Goldman Sachs, for example. Sure, the Wall Street titan might not reveal exactly how it makes its cash. But aside from a couple of small writedowns resulting from the credit crisis, it’s pretty obvious that the firm now stuck with the vampire squid nickname has had no trouble feasting on favourable markets. No such luck, however, over at Citigroup. |
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| Bank of America narrows list for CEO post: Report | 07-OCT-09 |
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| The race to succeed Kenneth Lewis as the Bank of America Corp chief executive has narrowed to two internal candidates, though the board is still looking for a new face for the nation's largest bank by assets, says a media report. |
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| Twitter nears deal to raise $100 mn: report | 25-SEP-09 |
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| Micro-blogging site Twitter is close to securing $100 million funding from about seven investors, a move which will make it a billion-dollar entity, says a media report. |
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| Obama lashes out at Wall Street | 15-SEP-09 |
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| President Barack Obama bluntly warned that some Wall Street bosses were ignoring lessons of the financial crisis, as he demanded a new age of prudence after bloated years of unchecked excess. |
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| Obama warns Wall Street firms to mend their ways | 14-SEP-09 |
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| US President Barack Obama today warned the Wall Street companies that they should mend their ways as his administration would no longer "tolerate" their reckless behaviour that would put a gradually recovering US economy at risk again. |
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| B K Modi buys 51% stake in Wall Street Finance | 07-SEP-09 |
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| Industrialist B K Modi today acquired 51 per cent stake in forex and money transfer firm Wall Street Finance, from where Anil Ambani Group's Reliance Money exited by selling its entire 36.8 per cent holding last week. |
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| Just because it's cheap | 28-AUG-09 |
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| Trash dash: The biggest US winners in the silly-season market rally have been shares of shaky companies. The rationale is that some firms offer a leveraged bet on economic recovery. Investors have taken to the idea with gusto. Bank of America, Citigroup, Fannie Mae and Freddie Mac have accounted for more than 40 per cent of all trading on the New York Stock Exchange so far this week. Yet Wall Street, as it always does, appears to be taking the idea too far. |
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