Goldman’s Blankfein to testify at insider-trading trial
One of the best-known executives on Wall Street could be picked up as a surprising government witness at the high-profile criminal trial of Raj Rajaratnam, the Wall Street Journal reports....
WPP upbeat on 2011 as profit rises 34%
The world’s largest advertising group WPP reported a 34 per cent rise in net profits for 2010 as a strong recovery in emerging markets and the US helped boost revenues,...
Upbeat traders eye jobs data and oil market
Jobs and oil: investors will need the ocular dexterity of Marty Feldman to keep a close eye on Friday’s two prime market catalysts, the FT’s global market overview reports....
Windfall for HCA investors
Bain Capital, KKR, Bank of America and the brother of former US Senate majority leader William Frist are each in line to make nearly $3bn in the IPO of HCA from their $1.2bn investment...
European banks brace for new tests
The second round of EU-wide bank stress tests will begin from Friday, when regulators provide banks across the 27-member bloc with details of economic scenarios that will be used...
Beazer chief to return $6.5m
The chief executive of Beazer Homes has agreed to return $6.5m in cash and forfeit restricted stock to settle allegations that he failed to reimburse the US home builder after...
BP denies executives bonuses
BP will not pay bonuses for last year to any of the executive directors involved in the disastrous Gulf of Mexico spill, but the UK oil group has awarded partial pay-outs to two...
Blankfein to testify at insider trial
Goldman Sachs chief executive Lloyd Blankfein has agreed to testify for the US government at the coming criminal trial of Raj Rajaratnam, the hedge-fund titan facing insider-trading charges,...
Bank of Moscow stake frozen
A London arbitration court has frozen a minority stake in the Bank of Moscow, in a sign that VTB’s battle for control of the municipal bank run by allies of Yury Luzhkov, the ousted Moscow mayor,...
Overnight markets: Up
Asian shares rose on Friday, helped by retreating oil prices and a firmer Wall Street close while the euro perked up after the central bank signalled a rate rise as early as next month,...
Moelis inks Sumitomo pact
Moelis, the independent US investment bank, has agreed an alliance with Japan’s Sumitomo Mitsui Banking Corporation to provide services to Japanese clients, reports the FT. In...
