Author Lewis equates Wall Street bonuses with “theft”

Posted by Financial Market News on March 13th, 2010

Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book "Liar's Poker," says Wall Street bonuses at banks bailed out by Washington are "a very elegant form of theft." Lewis's latest book "The Big Short: Inside the Doomsday Machine," to be published next week, tells the story of the 2008 financial meltdown ...

Orlando Sees Fed Raising Rates in Second Half of 2010: Video

Posted by Financial Service News on March 13th, 2010

March 12 -- Philip Orlando, chief equity market strategist at Federated Investors, and Todd Colvin, vice president of MF Global Inc.

Wall Street faces key economic reports

Posted by Financial Market News on March 13th, 2010

By Germain Moyon New York - Wall Street stocks are set to build on nearly year-and-a-half highs as they face next week's key economic reports and the US Federal Reserve's monetary policy meeting.

Agrium still looking for takeover targets

Posted by Financial Service News on March 13th, 2010

Calgary-based Agrium Inc. will keep hunting for takeover opportunities, the fertilizer giant's CEO said Friday.

Stocks little changed amid mixed U.S. data; loonie surges on solid jobs report

Posted by Financial Market News on March 13th, 2010

Gains were hard to come by on the Toronto stock market Friday afternoon as commodity stocks weakened in the wake of mixed signals about the health of the U.S. economy.

BofA to disclose political donations on Web site

Posted by Financial Service News on March 13th, 2010

Bank of America Corp will publish details of its political donations on the company's Web site, the New York City comptroller announced on Friday.

Hearts May Swoon When Stocks Do, Study Suggests

Posted by Financial Market News on March 13th, 2010

Stock market slides may hurt more than your savings. New research suggests they might prompt heart attacks.

Covington bank is first to fail in Louisiana since 2002

Posted by Financial Service News on March 13th, 2010

Covington-based Statewide Bank was closed by regulators Friday, becoming the state's first bank failure since 2002.

Digital River up on Possible McAfee Deal

Posted by Financial Market News on March 13th, 2010

Shares of Digital River Inc., which provides technology and services for companies that sell products online, got a boost Friday after an analyst said McAfee Inc.

Apple COO gets $22 million reward as Jobs stand-in

Posted by Financial Service News on March 13th, 2010

Apple Inc has awarded its chief operating officer a bonus valued at $22 million for leading the company while Chief Executive Steve Jobs was on 6-months' medical leave last year.


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