Twitter co-founders Jack Dorsey and Evan Williams, CEO Richard Costolo and early VC-investor Benchmark said on Monday they won't sell shares in the micro-blogging giant as a May 5 lockup looms.
Judged against restructuring Wall Street peers like Morgan Stanley, Citigroup's strong earnings indicate the bank may be losing ground in Corbat's second year on the job.
The U.S. Department of Justice and Federal Bureau of Investigation have opened a criminal investigation into multi-level supplements-seller Herbalife, Dan McCrum of the Financial Times reported on Friday afternoon.
Bernstein Research analyst Carlos Kirjner said in a Friday client note he believes Amazon's (AWS) will reach revenue of at least $20 billion be the end of the decade and that Google's Computer Engine may end the decade with an equally profitable and large cloud infrastructure business.
Google will begin selling its much-anticipated Google Glass wearable's on April 15, the company said on Thursday.
While Icahn will end a campaign run directly to eBay shareholders to have the company split PayPal and remove some board members, the settlement opens up a dialogue between both parties that Icahn believes may eventually lead to a PayPal spinoff.
BofI's net interest margins could fall 40% as the company's opportunity to buy distressed residential mortgage backed securities (RMBS) fades, according to hedge fund Kerrisdale Capital. Meanwhile, BofI's low-cost deposit taking structure may turn from a competitive advantage into a weakness, as short term interest rates rise in coming years.
Comcast shouldn't kid itself. A more upfront case about why no debt is being used to buy Time Warner Cable may prove Comcast's best defense in Washington
A boom in the syndication of leveraged loans could hit the bottom line of some large banks.
With Alagasco, Laclede's utility customer base is expected to increase to 1.55 million from about 1.13 million. Laclede will acquire Alagasco for a total consideration of $1.6 billion. The company will also assume $250 million of Alagasco debt.