Lloyd Blankfein, Goldman Sachs Group Inc.'s chief executive officer, may receive a 30 percent increase in his salary this year to as much as $70 million, the Financial Times reported, without saying where it obtained the information. Goldman and...
News Corp. is set to acquire Wall Street Journal publisher Dow Jones & Co., as an early proxy tally shows shareholders representing a majority are in favor of the deal. More than 50 percent of shares outstanding in Dow Jones already have cast yes...
Financier Ronald Perelman lost his bid to restore a $1.57 billion jury award against Morgan Stanley over money he lost on the 1998 sale of Coleman Co. to the bank's client, Sunbeam Corp. The Florida Supreme Court declined to hear Perelman's appeal...
Just as everyone always suspected, most of their e-mails are nothing but spam. Junk e-mail from ads for everything from discount pills to penny stocks now account for a whopping 90 to 95 percent of all e-mail sent this year, up from an estimated 5...
Billionaire J. Christopher Flowers officially rang the death knell yesterday on the $25 billion takeover of Sallie Mae, the nation's biggest student loan lender and one of the biggest leveraged buyouts of the year. Sallie's stock plummeted nearly...
Just as senior antitrust officials appear closer to approving the $4.7 billion Sirius-XM satellite radio merger, worries by a key congressional committee are threatening to delay the deal. House Judiciary Committee Chairman John Conyers (D-Mich.)...
Tribune Co., the newspaper owner being taken private by billionaire Sam Zell, plans to sell the Chicago Cubs baseball team and Wrigley Field in the next six months to cut debt. The sale may fetch more than $1 billion, according to John Puchalla...
Roy Disney's Shamrock Capital Growth Fund has teamed up with Bain CapitalVentures to acquire the Publishing Group of America from Steve Rattner and Peter Ezersky's Quadrangle Group. Terms were not disclosed, but industry sources estimated the...
In a wave of early morning ecstasy, Wall Street traders pounced wildly on Uncle Sam's surprise rescue move yesterday, driving up stocks more than 271 points in just minutes. Fueling passions was the bold announcement by the Federal Reserve that it...
DON'T ever let them see you sweat! That's always good advice, especially if you happen to be monetary policymakers. But in the case of the Federal Reserve, the ring of perspiration is quite noticeable right now. On Tuesday the Fed gave Wall...
Oil rise Oil jumped nearly 5 percent, $4.37, to $94.39 a barrel. US crude stocks fell to the lowest point since early 2005. AMT OK Hedge fund executives won't be allowed to defer taxes on unlimited funds in offshore ac counts under a bill ap proved...
For the second-straight year new albums from the top two contestants of "American Idol," are disappointing, despite the dominating ratings of the hit show. Blake Lewis, a pop crooner who took second place in the most recent season of the hit...
Sandy Weill, who spent 17 years merging banks, brokers and insurers to make Citigroup the largest US financial company, said the new chief executive officer, Vikram Pandit, may have to revise the business model. "It's the new management's job to...
