News for 'Wall Street'

Goldman CEO to testify in insider-trading case

Goldman CEO to testify in insider-trading case

Rediff.com4 Mar 2011

Blankfein will at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam.

Facebook's growth rate slowing down: Report

Facebook's growth rate slowing down: Report

Rediff.com12 Jun 2012

Social networking giant Facebook's growth appears to be slowing down, especially in the United States, according to a report.

Who is to blame for America's financial mess?

Who is to blame for America's financial mess?

Rediff.com31 Oct 2011

The money from America that ends up abroad brings prosperity and generates more jobs at the cost of jobs in the US.

Microsoft plans management rejig

Microsoft plans management rejig

Rediff.com25 May 2010

Attributing to people familiar with the matter, The Wall Street Journal said the software company could announce major organisational changes at its entertainment and devices division as early as this week.

Do women make poor money managers? NO!

Do women make poor money managers? NO!

Rediff.com21 Oct 2011

Here's the biggest myth of the financial world: Women make poor money managers. If anything, the argument has swung in favour of the fairer sex in the midst of this global financial crisis. Here are 5 rules then that women investors must always follow.

Apple CEO says 'he is not next Steve Jobs'

Apple CEO says 'he is not next Steve Jobs'

Rediff.com31 May 2012

Cook revealed only a handful of incremental insights on Apple''s products and strategies.

No impact on military ties with Pakistan: US

No "impact" on military ties with Pakistan: US

Rediff.com10 Feb 2011

The US said that there has been no "significant impact" on its military to military relationship with Pakistan after Islamabad refused to release an American diplomat detained on possible murder charges.

US held secret talks with Haqqani network: Report

US held secret talks with Haqqani network: Report

Rediff.com13 Oct 2011

Even as their killer drones strike at ranking members of the Al Qaeda linked Haqqani network, United States officials secretly met leaders of the group this summer in a Persian Gulf country, in an effort to draw them into talks on winding down the war.

Pakistan foils attempt to free Daniel Pearl murderer; 97 terrorists held

Pakistan foils attempt to free Daniel Pearl murderer; 97 terrorists held

Rediff.com12 Feb 2016

Pakistan Army on Friday said it has arrested nearly 100 terrorists and foiled an imminent jailbreak attempt to free top Al Qaeda leader Ahmed Omar Saeed Sheikh, sentenced to death for the murder of Wall Street Journal correspondent Daniel Pearl in 2002.

Sensex rallies 504 points; Nifty reclaims 11,800

Sensex rallies 504 points; Nifty reclaims 11,800

Rediff.com3 Nov 2020

ICICI Bank was the top gainer in the Sensex pack, soaring over 6 per cent, followed by SBI, HDFC, PowerGrid, Sun Pharma, IndusInd Bank, Titan, Bajaj Auto and HDFC Bank. On the other hand, NTPC, Reliance Industries, Nestle India, HCL Tech and Infosys were among the laggards.

Hu's 4 points to peaceful co-existence with US

Hu's 4 points to peaceful co-existence with US

Rediff.com17 Jan 2011

In written responses to questions from The Washington Post and The Wall Street Journal published on Monday, Chinese President Hu Jintao insisted that his country believes in the principle of peaceful co-existence, as he prepared to meet his counterpart Barack Obama at the White House next week.

Defuse Indo-Pak tension, Obama told his officials

Defuse Indo-Pak tension, Obama told his officials

Rediff.com5 Apr 2010

In December last year, United States President Barack Obama issued a secret directive to all the top officials in his administration dealing with internal security and foreign policy affairs, urging them to find out ways to increase America's involvement in alleviating the rising tension between India and Pakistan, according to a report in the Wall Street Journal.The directive was mentioned, says WSJ, in a memo written by National Security Adviser James Jones.

PE firm Silver Lake mulls buying out Yahoo

PE firm Silver Lake mulls buying out Yahoo

Rediff.com16 Sep 2011

Various news reports suggest that the PE firm, if it buys out Yahoo, would first sell off the Internet company's Asian assets. Silver Lake would thereafter, a report said, try to either turn the 'remaining' company around or find yet another buyer for the main operations.

SEC scrutinising disclosure rules for private cos

SEC scrutinising disclosure rules for private cos

Rediff.com5 Jan 2011

SEC rules require companies with 500 or more shareholders of record in a given type of stock to publicly disclose certain financial information.

Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns

Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns

Rediff.com1 Aug 2023

Walmart, the world's largest retailer, has paid $1.4 billion to buy out US-based Tiger Global's investment in e-commerce firm Flipkart, according to sources. The transaction puts Flipkart's valuation at $35 billion, against nearly $38 billion in 2021 when it raised funds from Japan's SoftBank, Walmart, and other investors. Tiger Global, Flipkart co-founder Binny Bansal, and Accel now have all fully exited the e-commerce firm by selling their stake to Walmart.

US pay czar to review CEO compensation at 419 cos

US pay czar to review CEO compensation at 419 cos

Rediff.com23 Mar 2010

The United States government appointed pay czar will review the executive compensation packages at 419 bailed out companies including Goldman Sachs and JP Morgan Chase.

SEC to probe Hurd's exit from H-P

SEC to probe Hurd's exit from H-P

Rediff.com21 Dec 2010

The US markets regulator is investigating Mark Hurd's departure from Hewlett-Packard Co as part of a broad inquiry that will also look into claims that the former chief executive leaked inside information on a multi-billion dollar deal, says a media report.

Sr executives blamed for Lehman collapse

Sr executives blamed for Lehman collapse

Rediff.com12 Mar 2010

Senior executives and auditing firm Ernst & Young have been criticised, among many others, for the failure of Lehman Brothers, by an official report that delved deep into the collapse of once-famed Wall Street major.

AIG to recoup $45 mn from employees: Report

AIG to recoup $45 mn from employees: Report

Rediff.com12 Mar 2010

Insurer American International Group will recover $45 million from its employees given as retention payments last year and return the amount to the government, a media report says.

Deven Sharma to resign as Standard and Poor's head

Deven Sharma to resign as Standard and Poor's head

Rediff.com23 Aug 2011

Indian-American Deven Sharma, the president of Standard and Poor's, is stepping down by year end, an announcement coming only weeks after the credit rating agency downgraded American credit rating.

Wealthy people donating less in charity

Wealthy people donating less in charity

Rediff.com2 Mar 2010

Wealthy people are now donating less for charitable purposes, although they still feel an obligation towards such social work, a survey has revealed

Google to resume talks with Chinese officials

Google to resume talks with Chinese officials

Rediff.com23 Feb 2010

In January, Google had threatened to close down its operations in China after discovering hacking attempts into email accounts of Chinese human rights activists.

FTAs: Exporters should note US Inc's call

FTAs: Exporters should note US Inc's call

Rediff.com29 Nov 2010

Their recommendations have something to take note by Indian exporters and policy makers.

He cheated others and made billions!

He cheated others and made billions!

Rediff.com12 Nov 2010

One of American's biggest fraudsters, Bernard Madoff was sentenced to 150 years for his massive $65 billion scam.

Obama visit blog: What the world media is saying

Obama visit blog: What the world media is saying

Rediff.com28 Oct 2010

United States President Barack Obama will be in India on November 6 for his longest State visit yet. Apart from our own coverage, we provide you this one-stop blog of what the world media is saying about the visit and its significance

AIG counsel to get millions in severance pay

AIG counsel to get millions in severance pay

Rediff.com29 Dec 2009

Attributing to people familiar with the matter, The Wall Street Journal said AIG is preparing to pay Kelly several million dollars in severance after she resigned over federal pay curbs.

ISI pushing Taliban to fight US troops: Report

ISI pushing Taliban to fight US troops: Report

Rediff.com7 Oct 2010

Pakistan's Inter-Services Intelligence is pushing the Taliban to attack American troops and their allies based in Afghanistan, the media here has said, close on the heels of a White House report that slammed Islamabad for not doing enough to battle terrorists holed up near the Afghanistan-Pakistan border.

Markets have a drab closing

Markets have a drab closing

Rediff.com22 Jun 2011

Out of 2948 stocks traded on the BSE, there were 1008 advancing stocks as against 1836 declines.

13/7 accused met Osama, Lakhvi in Pak: ATS

13/7 accused met Osama, Lakhvi in Pak: ATS

Rediff.com7 Feb 2012

Haroon Naik, an arrested accused in 13/7 Mumbai blasts, had met Lashkar-e-Tayiba operations chief Zaki-ur-Rehman Lakhvi and was present at an "inspirational" lecture by slain al Qaeda leader Osama Bin Laden in Pakistan just a month before the 9/11 attack.

Citi to sell $1.7 bn private equity assets: Report

Citi to sell $1.7 bn private equity assets: Report

Rediff.com8 Jun 2011

"Citigroup has struck a deal to sell a $ 1.7 billion portfolio of private-equity assets to European buyout firm AXA Private Equity," The Wall Street Journal reported citing a source.

Citi defends $75 mn SEC settlement: Report

Citi defends $75 mn SEC settlement: Report

Rediff.com14 Sep 2010

Citigroup Inc has defended its $75 million settlement with the Securities and Exchange Commission over under-declaration of its subprime mortgage exposure, setting the stage for a federal judge to decide on whether to approve the deal, according to a media report.

$30-bn IT aid to create 9 lakh jobs in US

$30-bn IT aid to create 9 lakh jobs in US

Rediff.com6 Jan 2009

Global software major International Business Machines' chief executive Samuel Palmisano believes the government's $30-billion information technology investments may create over 900,000 jobs.

Gaddafi's investment in Goldman ends in losses

Gaddafi's investment in Goldman ends in losses

Rediff.com1 Jun 2011

Negotiations that continued till 2009 eventually failed and the money could not be recovered.

Markets end higher amid strong global cues

Markets end higher amid strong global cues

Rediff.com6 Mar 2013

Market breadth continued to remain positive with 1,730 gainers and 1,116 losers on the BSE.

The latest indication of deteriorating US-Pak ties

The latest indication of deteriorating US-Pak ties

Rediff.com28 May 2011

United States Secretary of State Hillary Clinton received a cool welcome in Pakistan on her recent trip, mainstream American media reported on Saturday adding this is reflection of the low-ebb in relationship between the two countries.

Why consumer trust is prime for Britannia

Why consumer trust is prime for Britannia

Rediff.com2 Sep 2010

The book that Vinita Bali, managing director of Britannia Industries Ltd, is currently reading couldn't be more appropriate: 'Too Big to Fail'. Although that bestseller by New York Times columnist Andrew Ross Sorkin tells the inside story of how Wall Street and Washington saved the financial system -- and themselves, its title aptly sums up Bali's own half-a-decade tenure at the Bangalore-based foods conglomerate.

MS looks for China's Internet-search partner

MS looks for China's Internet-search partner

Rediff.com1 Sep 2010

Attributing to Microsoft CEO for greater China, Simon Leung, the Wall Street Journal reported that the company plans to invest $100 million in Chinese companies, on top of the $40-million the software maker has invested since 2006.

Regulators to levy record penalty on AA

Regulators to levy record penalty on AA

Rediff.com20 Aug 2010

Attributing to people familiar with the matter, the Wall Street Journal said, "Federal regulators are ready to propose a record penalty of $25 million or more against American Airlines for the maintenance lapses that prompted widespread flight cancellations in the spring of 2008."

Markets have a firm closing

Markets have a firm closing

Rediff.com13 Aug 2010

The Nifty ended at 5452, up 35 points. The market breadth was marginally positive. Out of 3085 stocks traded on the BSE, there were 1505 advancing stocks as against 1413 declines.