Google Inc (NASDAQ:GOOGL) has appointed Wall Street veteran and former Morgan Stanley (NYSE:MS) CFO, Ruth Porat, as its next CFO. She will be replacing Patrick Pichette, who announced his retirement early in the month. Could Porat appointment...Show More Summary
Google has appointed Ruth Porat - the chief financial officer at Morgan Stanley - to take over its finances. ||| London - Google has appointed Ruth Porat, chief financial officer at the Wall Street bank Morgan Stanley, to take over its finances. Show More Summary
LAST week, the markets were braced for the Federal Reserve to drop the word "patient" from its commentary, signalling that a rate rise might follow in the summer. The word was duly dropped, but the rest of the Fed statement was much more dovish than expected. Show More Summary
"This is my kind of transaction," Warren Buffett said. That's what the CEO of Berkshire Hathaway said after he and private equity firm 3G Capital announced that they would be merging its H.J. Heinz business and with publicly-traded Kraft...Show More Summary
Overly weak inflation and a lack of evidence suggesting price pressures are about to heat up means the Fed shouldn't raise interest rates this year, Federal Reserve Bank of Chicago President Charles Evans said in a speech Wednesday.
Attention shifts to Apple Inc. (NASDAQ:AAPL)’s Apple Watch that is to hit the markets on April 10 as investors remain skeptical on how to trade the stock ahead of the big release. CNBC’s, Melissa Lee, notes that it might be the right time to go long on the stock as studies show that the average […]
Senate Finance Committee Chair Hatch wants a tax reform bill in 2015. Tax Analysts reports that the Utah Republican aims to mark up a bill later this year. Speaking at Arent Fox, LLP, yesterday, Hatch chided the Obama administration for “lacking engagement” in tax reform. Show More Summary
Protesters are steadily building up their presence outside Hong Kong’s government headquarters. ||| Hong Kong - Hong Kong's leader said on Wednesday the city was prepared for a fresh flare-up of pro-democracy street protests, while issuing...Show More Summary
Northern Paris will soon get an ambitious new transportation upgrade, as four major railway stations containing rapid-transit Metro lines are planned for the area. The Japanese firm of Kengo Kuma and Associates just won an international competition to design...
British telecom giant sold to Hong Kong group and Vodafone Australia parent Hutchison Whampoa for $18.9 billion.
Brad DeLong: The Assumptions Behind the Federal Reserve’s Choice of 2% per Year Were Erroneous: Focus:...The decision by the Federal Reserve in the mid-1990s to settle on a 2% per year target inflation rate depended on three facts?—?or, rather,...
Microsoft announced a major change to its browser strategy: only Project Spartan, the company’s new browser shipping on all Windows 10 devices (smartphones, tablets, PCs, and so on), will feature the company’s new rendering engine. Internet Explorer will still ship with Windows 10, but Microsoft says it “will remain fundamentally unchanged from Windows 8.1? and […]
(March 24, 2015 10:25 AM, by Scott Sumner) Stanley Fischer is one of the world's most thoughtful monetary economists. And now he is also vice chairman of the Federal Reserve Board. He recently gave a speech on monetary policy, which as you'd expect contained many wise observations. However... (0 COMMENTS)
Goldman Sachs investment research thinks payroll growth is a little to hot at the moment. "Monthly payroll employment gains have averaged 293k over the last 6 months and have not dipped below 200k since February," Goldman Sachs' David Mericle said. Show More Summary
www.louis.eu There are certain people indelibly associated with American business, and Warren Buffett is one of them. The star financier has built his investment vehicle, Berkshire Hathaway (BRK-A) (BRK-B), into one of the planet's largest...Show More Summary
Moments ago, a Lufthansa Germanwings Airbus A320, flight 4U9525, on a Barcelona to Dusseldorf route, was reported to have crashed in the area of Digne, Alpes-de-Haute-Provence in southern France. French Prime Minister Valls confirmed the Airbus A320 crash. Show More Summary
Goldman Sachs' Amanda Sneider argues that a good time to buy a stock is before that company announcement a big share repurchase plan. Since 2009, S&P 500 companies have bought back a whopping $2.1 trillion worth of their own stock. The pace of these buybacks actually hit a record high in February. Show More Summary
There is not even a jury verdict yet when it comes to Ellen Pao's lawsuit against the venture capital firm Kleiner Perkins Caufield & Byers. But other companies have already been considering changes.