| Galleon surrenders ship even as its funds surge On Friday U.S. authorities arrested Galleon founder Raj Rajaratnam, New Castle Partners' Mark Kurland and four others for their alleged roles in an insider-trading scheme that netted more tha ...[more] |
| Galleon winding down hedge funds Less than a week after being arrested at his New York home, Raj Rajaratnam told investors and employees in a letter that he was winding down the Galleon funds. He initially said he planned to ...[more] |
| Top pay at bailed out companies to be cut The plan calls for halving overall compensation, and cutting cash salary payouts by an average of 90 percent, said the sources, who requested anonymity because they were not authorized to spea ...[more] |
| EBay holiday outlook disappoints, shares down ) forecast results for the current quarter at the low end of Wall Street estimates, disappointing hopes of a substantial turnaround for the holidays and pushing shares down 5 percent. ...[more] |
| INSTANT VIEW: EBay shares slide ) Wednesday forecast a fourth-quarter profit at the low end of Wall Street estimates, disappointing investors looking for a clear turnaround at its main marketplaces division during the crucial hol ...[more] |
| Mattel website lets shoppers buy direct ) is taking its toys directly to shoppers in time for the holiday season with a new website called MattelShop.com. The site began operating without fanfare late last week. It mainly ...[more] |
| Amgen Q3 profit beats but FDA concern hits shares ) reported a better-than-expected profit as cost cuts and lower taxes helped offset a steep decline in sales of its Aranesp anemia drug, but regulatory concerns about its closely-watched osteoporos ...[more] |
| Microsoft, Google snag Twitter search deal Google and Microsoft's 5-month-old Bing search engine, which hopes to take on the current leader, both won access to Twitter's store of public data in real time, executives at the two compani ...[more] |
| Morgan Stanley trading desk powers earnings beat Strong fixed income sales and trading revenue and improved investment banking underwriting results broke a three-quarter losing streak as Morgan Stanley belatedly joined rivals like Goldman Sa ...[more] |
| Morgan Stanley finds Q3 commods markets "unfavorable" Strong fixed income sales and trading revenue, as well as improved investment banking underwriting results, helped Morgan Stanley return to profit after three quarters of losses after the coll ...[more] |
| CEO retirements can hurt stock prices: study The study by Prof. Paul Kalyta of McGill University in Montreal shows that, for Fortune 1000 companies in the 1997-2006 period, stock prices lagged those of peers by 8.3 percent over three yea ...[more] |
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