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Thunderclouds were gathering in April when James Gorman, Morgan Stanley's chief executive, went for a run on the beach on Amelia Island in Florida after attending a closed-door meeting of the bank's top stockbrokers.
In this Tuesday, July 31, 2007, file photo, flags fly outside the Hilton Hotel in Long Beach, Calif., The hotelier, which went private in 2007, priced its initial public offering on Wednesday, Dec. 11, 2013 at $20 per share in the middle of its expected range, for a total take of $2.35 billion on the sale of 117.6 million shares.
A former asset management firm analyst testified Thursday that he received detailed tips from a friend at Dell Inc, giving prosecutors a link to show how SAC Capital Advisors portfolio manager Michael Steinberg obtained inside information.
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A group of younger agents will help Warren Buffett's new real estate franchise brand, Berkshire Hathaway HomeServices, buck the aging agent trend and connect with the perspective of a younger generation.
A federal judge has agreed to hear a case filed by two same-sex couples in Texas seeking to overturn a state constitutional amendment banning gay marriage, their lawyer said on Wednesday.
Europe, long a scapegoat for weak earnings at U.S. multinational companies, is now looking like a more dependable source of profits, and that could make some stocks that have lagged this year's rally more enticing to investors.
Dec 11, 2013--Hilton Worldwide Holdings Inc. announced today the pricing of its initial public offering of 117,640,624 shares of common stock at a price to the public of $20.00 per share.
The CEO who led BNSF railroad as it was sold to Warren Buffett's company is moving into the chairman's role, and another executive will be promoted to lead the company.
5, 2013 photo, chemotherapy is administered to a cancer patient via intravenous drip at Duke Cancer Center in Durham, N.C. New research says tens of thousands of women each year might be able to skip at least some of the grueling treatments for breast cancer without greatly harming their odds of survival.
When Franklin Templeton's India unit wanted to launch a mutual fund that would switch allocation among stocks, bonds, gold and money markets, the Indian regulator baulked, deeming it too risky for domestic investors, according to the company.
Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management , to its board of directors on Wednesday.
During a Giving Tuesday celebration, the Principal Financial Group announced a record level of support for the annual United Way campaign - surpassing $6.7 million for the nonprofit organization.
A continued bull market, steady growth in the U.S. economy and higher yields are all on the horizon in 2014, according to Bank of America Merrill Lynch Global Research's outlook published today.
Warren Buffett 's company, Berkshire Hathaway , bought 1,314,170 additional shares of DaVita HealthCare Partners this week.
General Motors announced this morning that Mary Barra, its head of product, will succeed Dan Akerson as CEO , making her the first woman to take charge of an automaker.