Items by By SUSANNE CRAIG
NYT > Business
-
Ahmass Fakahany, From Merrill Lynch to Restaurants
Posted: April 1st, 2012, 1:08am EDT by By SUSANNE CRAIG
Tags: [edit]
After a lucrative career at Merrill Lynch, Ahmass Fakahany is bringing a Wall Street sensibility to running restaurants. And so far, it has worked.
-
Pet Airways, in Financial Straits, Is Canceling Flights
Posted: February 11th, 2012, 1:01am EST by By SUSANNE CRAIG
Tags: [edit]
Pet Airways, once the great transportation hope for animal owners, is low on cash and has been canceling flights.
-
DealBook: Blankfein to Speak Out for Same-Sex Marriage
Posted: February 6th, 2012, 8:43am EST by By SUSANNE CRAIG
Tags: [edit]
The Human Rights Campaign has recruited Lloyd Blankfein of Goldman Sachs to be its first national corporate spokesman for same-sex marriage.
-
DealBook: Goldman at a P.R. Crossroads
Posted: February 2nd, 2012, 2:09pm EST by By SUSANNE CRAIG
Tags: [edit]
News that Goldman Sachs is wooing a former Treasury official has had Wall Street buzzing with talk that Lucas van Praag may be leaving the firm.
-
DealBook: Bad Year for Wall Street Not Reflected in Chiefs' Pay
Posted: January 20th, 2012, 9:56pm EST by By SUSANNE CRAIG
Tags: [edit]
The disclosure of stock awards to Wall Street's top tier comes as lower-level employees are finding out that their own bonuses will be much smaller than a year ago.
-
DealBook: Morgan Stanley Reports Loss as Settlement Weighs on Results
Posted: January 19th, 2012, 1:31pm EST by By SUSANNE CRAIG
Tags: [edit]
The one main bright spot in the fourth quarter was the Wall Street firm's global wealth management division.
-
DealBook: Goldman’s Profit Falls but Tops Estimates
Posted: January 18th, 2012, 8:55pm EST by By SUSANNE CRAIG
Tags: [edit]
Goldman Sachs's chief financial officer says his firm cannot cut its way to prosperity. That may be, but Goldman has been busy slashing costs from compensation to car services to deliver a profit.
-
DealBook: 2 Securities Heads Are Latest to Leave Goldman
Posted: January 11th, 2012, 8:37pm EST by By SUSANNE CRAIG
Tags: [edit]
The retirements of Edward K. Eisler and David B. Heller are the latest high-level departures from Goldman Sachs, which is going through a post-financial crisis transition.
-
DealBook: Wall Street Braces for Weak 4th-Quarter Earnings
Posted: January 6th, 2012, 9:03pm EST by By SUSANNE CRAIG
Tags: [edit]
Investors are about to find out just how bad last year was for the country’s biggest financial institutions, which were hit by the European debt crisis and new regulations.
-
DealBook: Modest Bonus Year on Wall St., but Stock Could Yield Fortunes
Posted: December 3rd, 2011, 6:21pm EST by By SUSANNE CRAIG
Tags: [edit]
Financial firms are preparing to dole out huge amounts of stock at depressed prices, the value of which could rise substantially in a few years.
NYT > Home Page
-
DealBook: Modest Bonus Year on Wall St., but Stock Could Yield Fortunes
Posted: December 3rd, 2011, 6:21pm EST by By SUSANNE CRAIG
Tags: [edit]
Financial firms are preparing to dole out huge amounts of stock at depressed prices, the value of which could rise substantially in a few years.
NYT > Business
-
DealBook: Wall St. Pay Expected to Fall 20% to 30%
Posted: November 8th, 2011, 8:46am EST by By SUSANNE CRAIG
Tags: [edit]
The sluggish economy and Dodd-Frank restrictions are affecting bankers’ compensation, leading to the weakest bonus season since the financial crisis.
-
DealBook: The Survivor Who Saw the Future for Cantor Fitzgerald
Posted: September 3rd, 2011, 4:30pm EDT by By SUSANNE CRAIG
Tags: [edit]
Howard Lutnick, one of the few at Cantor Fitzgerald to survive the Sept. 11 attacks, has rebuilt his company, and then some.
NYT > Home Page
-
DealBook: The Survivor Who Saw the Future for Cantor Fitzgerald
Posted: September 3rd, 2011, 4:30pm EDT by By SUSANNE CRAIG
Tags: [edit]
Howard Lutnick, one of the few at Cantor Fitzgerald to survive the Sept. 11 attacks, has rebuilt his company, and then some.
NYT > Business
-
Business Briefing | Finance: Severance of $2 Million for Departing Bank Chief
Posted: September 3rd, 2011, 12:50am EDT by By SUSANNE CRAIG
Tags: [edit]
Bank of New York Mellon has agreed to pay its departing chief executive, Robert P. Kelly, severance of $2 million, according to a statement filed Friday with the Securities and Exchange Commission.
-
DealBook: The Trouble With Financial Stocks
Posted: August 11th, 2011, 9:34am EDT by By SUSANNE CRAIG
Tags: [edit]
Wall Street executives and some market insiders feel the sell-off in bank stocks has been overdone. But some big institutions have been selling for months.
-
DealBook: BlackRock Profit Rises 25%, to $578 Million
Posted: July 20th, 2011, 8:41pm EDT by By SUSANNE CRAIG
Tags: [edit]
While other financial firms got weighed down by mortgage liabilities, trading misses and other problems, BlackRock produced double-digit gains in both revenue and profit.
-
DealBook: Breaking Up Morgan Stanley
Posted: June 10th, 2011, 3:39pm EDT by By SUSANNE CRAIG
Tags: [edit]
Bernstein's Brad Hintz, in a report titled "Is The Firm Worth More Dead or Alive," values the various pieces of Morgan Stanley.
-
DealBook: The Curious Case of Nelson Obus
Posted: June 4th, 2011, 3:03pm EDT by By SUSANNE CRAIG
Tags: [edit]
Nelson Obus's case has become one of the longest-running civil actions by the Securities and Exchange Commission in recent memory, but he refuses to settle.
-
DealBook: Goldman's Shares Drop Sharply After Downgrade
Posted: May 12th, 2011, 7:22pm EDT by By SUSANNE CRAIG
Tags: [edit]
Richard Bove of Rochdale Securities dropped his rating to sell, saying pressure was building for Justice Department action against the investment bank.
-
DealBook: Morgan Stanley Profit Falls 48%
Posted: April 21st, 2011, 10:57am EDT by By SUSANNE CRAIG
Tags: [edit]
Morgan Stanley, which like its peers is still feeling the aftereffects of the financial crisis, said first-quarter earnings fell to $736 million from $1.4 billion in the period a year earlier.
-
DealBook: Impatience Over Recovery at Morgan Stanley
Posted: April 13th, 2011, 7:37am EDT by By SUSANNE CRAIG
Tags: [edit]
James P. Gorman has been trying to turn around Morgan Stanley since he became chief executive in 2010, but some shareholders are losing patience.
-
DealBook: Financial Fraud Case Pits Arbitration vs. Class Actions
Posted: March 4th, 2011, 8:26pm EST by By SUSANNE CRAIG
Tags: [edit]
In a case against Securities America, class-action lawyers argue that arbitration claims could threaten the company's ability to pay for a proposed settlement.
-
DealBook: Goldman Sachs Gives Blankfein a Big Raise
Posted: January 28th, 2011, 10:03pm EST by By SUSANNE CRAIG
Tags: [edit]
The firm increased Lloyd C. Blankfein’s salary to $2 million for 2011, from $600,000, and granted him a bonus of restricted stock valued at $12.6 million.
NYT > Home Page
-
DealBook: Goldman Sachs Gives Blankfein a Big Raise
Posted: January 28th, 2011, 10:03pm EST by By SUSANNE CRAIG
Tags: [edit]
The firm increased Lloyd C. Blankfein’s salary to $2 million for 2011, from $600,000, and granted him a bonus of restricted stock valued at $12.6 million.
NYT > Business
-
DealBook: Morgan Stanley’s Quarterly Profit Rises 60% to $600 Million
Posted: January 20th, 2011, 7:01pm EST by By SUSANNE CRAIG
Tags: [edit]
The bank's executives say that improvement in its major businesses is a sign that its revamping is starting to take hold.
-
DealBook: Goldman Quarterly Profit Drops 53%
Posted: January 19th, 2011, 5:03pm EST by By SUSANNE CRAIG
Tags: [edit]
Goldman Sachs experienced a slowdown in many divisions, and quarterly earnings fell 53 percent, to $2.39 billion, or $3.79 a share.
-
DealBook: Gorman Shakes Up Morgan Stanley's Leadership
Posted: January 13th, 2011, 10:02pm EST by By SUSANNE CRAIG
Tags: [edit]
The firm's chief executive made his biggest moves since taking charge, promoting two top executives.
-
DealBook: Goldman Releases Report on Its Practices
Posted: January 11th, 2011, 10:05am EST by By SUSANNE CRAIG
Tags: [edit]
The investment bank will also be giving investors a more-detailed look into its financials, starting with a restatement of its third-quarter results.
-
DealBook: Goldman Sachs to Fine-Tune Business Practices
Posted: January 10th, 2011, 9:07pm EST by By SUSANNE CRAIG
Tags: [edit]
The investment bank, criticized for putting its own interests ahead of clients, plans to detail new rules around disclosure and financial reporting on Tuesday.
NYT > Home Page
-
DealBook: Goldman Sachs to Fine-Tune Business Practices
Posted: January 10th, 2011, 9:07pm EST by By SUSANNE CRAIG
Tags: [edit]
The investment bank, criticized for putting its own interests ahead of clients, plans to detail new rules around disclosure and financial reporting on Tuesday.
NYT > Business
-
DealBook: Wall St. Giant Places Bet on Vegas Bookmaking
Posted: December 24th, 2010, 7:23pm EST by By SUSANNE CRAIG
Tags: [edit]
With its hand-held gambling devices, a unit of Cantor Fitzgerald, the Wall Street brokerage firm, is bringing its venture to sports books on the Strip.
NYT > Home Page
-
DealBook: Wall St. Giant Places Bet on Vegas Bookmaking
Posted: December 24th, 2010, 7:23pm EST by By SUSANNE CRAIG
Tags: [edit]
With its hand-held gambling devices, a unit of Cantor Fitzgerald, the Wall Street brokerage firm, is expanding its venture into sports betting in Las Vegas.
NYT > Business
-
DealBook: Morgan Stanley Aims to Rein In Executive Pay
Posted: December 9th, 2010, 9:55am EST by By SUSANNE CRAIG
Tags: [edit]
In response to shareholder complaints, the firm's chief executive, James P. Gorman, has vowed to reduce high compensation costs.
-
DealBook: Meeker Leaving Morgan Stanley
Posted: November 30th, 2010, 8:17am EST by By SUSANNE CRAIG
Tags: [edit]
The famed Internet analyst is joining the venture capital firm Kleiner Perkins
-
Dealbook: A Female Wall St. Financial Chief Avoids Pitfalls That Stymied Others
Posted: November 10th, 2010, 12:58am EST by By SUSANNE CRAIG
Tags: [edit]
Ruth Porat is trying to excel not only during difficult times for Morgan Stanley, but also in the face of a terrible track record for top women on Wall Street.
-
DealBook: Judge Upholds Award Against Goldman
Posted: November 8th, 2010, 8:02pm EST by By SUSANNE CRAIG
Tags: [edit]
A judge refuses to vacate an order that Goldman Sachs pay $20.6 million to the unsecured creditors of the Bayou Group.
-
DealBook: Wall Street Gets Its Groove Back
Posted: November 3rd, 2010, 11:42pm EDT by By SUSANNE CRAIG
Tags: [edit]
Wall Street bonuses will be up this year, according to a study to be released on Thursday by a Wall Street compensation expert, Alan Johnson.
-
DealBook: Goldman Sachs Tops Estimates in a Weak Third Quarter
Posted: October 19th, 2010, 11:25am EDT by By SUSANNE CRAIG
Tags: [edit]
While the firm’s headline numbers beat estimates, expectations have been fading for weeks over a quarter that saw bond and equity markets fall.
-
DealBook: Sidney Weinberg Jr. and the End of an Era
Posted: October 14th, 2010, 8:27pm EDT by By SUSANNE CRAIG
Tags: [edit]
The death of Sidney J. Weinberg Jr. on Oct. 4 marked the end of an era, not just for Goldman Sachs, but for all of Wall Street, which for years was controlled by private firms run by families like the Weinbergs.
-
At Goldman, Partners Are Made, and Unmade
Posted: September 13th, 2010, 6:00am EDT by By SUSANNE CRAIG
Tags: [edit]
Becoming a partner at Goldman Sachs is thought of as equal to winning the lottery, but it can be taken away.