News for 'Wall Street'

How India survived the financial tsunami

How India survived the financial tsunami

Rediff.com16 Sep 2009

The big lesson to learn from the world's worst financial crisis is that nations and industry should see globalisation as a friend.

Sensex stays up for 4th day, spurred by RIL

Sensex stays up for 4th day, spurred by RIL

Rediff.com21 Nov 2017

The 50-share NSE Nifty settled up 28.15 points, or 0.27 per cent, at 10,326.90 after shuttling between 10,358.70 and 10,315.05.

US: Amid gloom, Obama lights up final debate

US: Amid gloom, Obama lights up final debate

Rediff.com16 Oct 2008

In their most lively but contentious face-to-face debate, Republican and Democratic presidential candidates John McCain and Barack Obama sparred over their respective economic, healthcare, energy and education policies, promoting their ideas to mostly undecided voters and slamming the other's as doomed to failure.

Apple likely to unveil new iPad on March 2

Apple likely to unveil new iPad on March 2

Rediff.com23 Feb 2011

The next-generation iPad, which is unofficially termed the 'iPad 2', is expected to be 'thinner and lighter'.

'Indian efforts in Afghanistan irking Pakistan'

'Indian efforts in Afghanistan irking Pakistan'

Rediff.com19 Aug 2009

The developmental efforts undertaken by India to help rebuild a war-ravaged Afghanistan have stirred concerns in neighbouring Pakistan, a media report said on Wednesday.

Less expensive, smaller iPhones on the way

Less expensive, smaller iPhones on the way

Rediff.com14 Feb 2011

Apple is working on less-expensive iPhones, while undertaking an overhaul of applications amid growing competition.

Taliban gains ground in Afghanistan

Taliban gains ground in Afghanistan

Rediff.com10 Aug 2009

The Wall Street Journal quotes General Stanley McChrystal, who is running America's ground war in Afghanistan, as predicting that US casualties will remain high for months to come, even as he plans to change strategy by increasing the number of troops in heavily populated areas like Kandahar, where the Taliban insurgency is at its strongest.

Governance deficit exists , admits Chidambaram

Governance deficit exists , admits Chidambaram

Rediff.com11 Feb 2011

India's capacity to deal with terror is better today than what it was two years ago. And I can say with confidence our capacity to deal with terror next year would be even better from what it is today, says home minister

Jobs keeps hand on Apple

Jobs keeps hand on Apple

Rediff.com11 Feb 2011

Jobs has been taking business meetings at home and on the phone.

Apple iPad to be thinner and lighter

Apple iPad to be thinner and lighter

Rediff.com9 Feb 2011

The new version of the iPad will have a camera on the front of the device for features like video-conferencing, the Wall Street Journal quoted people familiar with the matter as saying.

Landis admits doping during Tour: report

Landis admits doping during Tour: report

Rediff.com20 May 2010

Disgraced Tour de France winner Floyd Landis has sent a series of e-mails to cycling officials and sponsors admitting to the use of performance enhancing drugs, the Wall Street Journal reported on Thursday. The report said the American's e-mails detailed his systematic use of the drugs during his career.

Citi's Pandit eyes low income communities

Citi's Pandit eyes low income communities

Rediff.com5 May 2010

Citigroup plans to launch a $200 million fund for small-business lending in low and moderate income communities.

Google plans to introduce TV software

Google plans to introduce TV software

Rediff.com30 Apr 2010

The report by the Wall Street Journal said, "Google Inc is planning to introduce Android-based television software to developers at an event in May," citing sources with knowledge of the development.

Cong 'dissenters' write to Sonia? Party denies claim

Cong 'dissenters' write to Sonia? Party denies claim

Rediff.com17 Aug 2020

Suspended Congress leader claims 100 letters to Sonia Gandhi over leadership change

Why US must revamp financial regulation

Why US must revamp financial regulation

Rediff.com23 Apr 2010

Any assessment of Goldman Sachs' alleged "fraud" is likely to run into two problems. First, the armada of jargon that surrounds the financial derivatives market could mean that the essence of the case is lost in translation, leaving the non-specialist bewildered as to the exact nature of the Wall Street giant's alleged perfidy.

RBI norms on bankers' pay by June

RBI norms on bankers' pay by June

Rediff.com20 Apr 2010

The Reserve Bank on Tuesday said it would come out with norms on salaries of CEOs of private and foreign banks by June end, in a move reminscent of the US seeking to control pay of Wall Street executives.

Apple's disclosure norms may be probed

Apple's disclosure norms may be probed

Rediff.com30 Jun 2009

Apple's iconic chief Steve Jobs is back at work and his return will fuel debate over the company's disclosure practices which have drawn the attention of the Securities and Exchange Commission, says a media report.

Greed is good; excessive greed even better

Greed is good; excessive greed even better

Rediff.com7 Jan 2011

'Is it too much when senior -- very senior --politicians fear the law so little that they accept payment through cheques, something that can be easily traced?'

'US banks reduced debt levels to mask risks'

'US banks reduced debt levels to mask risks'

Rediff.com9 Apr 2010

Major American banks, including Citigroup and Goldman Sachs, temporarily lowered their debt in the past five quarters before reporting it to the public in order to mask risk levels, says a media report.

UBS to cut 200 jobs in US brokerage unit

UBS to cut 200 jobs in US brokerage unit

Rediff.com26 Mar 2010

Attributing to people familiar with the development, The Wall Street Journal reported that UBS AG's brokerage unit in the US is laying off nearly 200 employees, including about 25 managing directors.

Five ex-Citi execs not to get severance payouts

Five ex-Citi execs not to get severance payouts

Rediff.com2 Jun 2009

The affected executives include Michael Klein, who was co-head of the New York company's investment bank, and Kevin Kessinger, formerly in charge of operations and technology at Citi, the report published online said. Klein and Kessinger both got lucrative severance packages when they left last year, including periodic cash payments.

They made billions in a bear market

They made billions in a bear market

Rediff.com29 May 2009

Several billionaires have rehabbed their fortunes during the recent bear market rally.

Anil Ambani, Spielberg close to deal: WSJ

Anil Ambani, Spielberg close to deal: WSJ

Rediff.com18 Jun 2008

Superstar Hollwyood director Steven Spielberg and Anil Ambani are about to sign a deal that will see the ADA Group bankroll Spielberg's DreamWorks SKG with between $500 million to $600 million, The Wall Street Journal reported on Wednesday.

Markets continue winning streak, Nifty regains 6k

Markets continue winning streak, Nifty regains 6k

Rediff.com2 Dec 2010

The Nifty regained the 6000k mark to end at 6,009, up 48 points.

Firms are firing, but hiring too

Firms are firing, but hiring too

Rediff.com11 May 2009

Trying to adapt to changing market requirements amid recessionary conditions, corporate giants including Microsoft, IBM and Yahoo Inc are not only cutting jobs but are at the same hiring people in other business units, a media report says.

US willing to give Pak what it needs

US willing to give Pak what it needs

Rediff.com5 May 2009

US Defense Secretary Robert Gates has refuted the whining of Pakistan's Ambassador to the US, Husain Haqqani who had contended in a recent article in the Wall Street Journal that the main reason Pakistan's counter-insurgency efforts this far against the Taliban and other extremist groups was because it had not been provided with proper equipment --attack helicopters and night visions goggles -- by the United States as promised.

India received $25 bn FDI in 2007-08

India received $25 bn FDI in 2007-08

Rediff.com20 May 2008

Foreign direct investment into India has surged to over $25 billion in 2007-08 and the country's foreign exchange reserve crossed $341 billion as of Tuesday, Ashwani Kumar, minister of state for commerce and industry has said.

Cruise with 4,500 on board adrift in Pacific

Cruise with 4,500 on board adrift in Pacific

Rediff.com10 Nov 2010

The ship, which departed from Long Beach, Calif., Sunday on a seven-day voyage to the Mexican Riviera, was about 200 miles south of San Diego when a fire ignited in the engine room, cutting off power, telephone service and air conditioning.

How to find the right financial advisor

How to find the right financial advisor

Rediff.com18 Apr 2009

Learn how to weed out those who are just out to make a quick buck.

Microsoft likely to turn hostile in Yahoo bid

Microsoft likely to turn hostile in Yahoo bid

Rediff.com2 May 2008

Following developments on Thursday, Microsoft is likely to pursue a hostile bid for Yahoo Inc takeover, people familiar with the proceedings said. Price will be a key factor if Microsoft turns hostile towards Yahoo. Microsoft's cash-and-stock offer was valued at $29.48 a share as of 4 p.m. on Thursday, on Nasdaq stock market composite trading. Yahoo had rejected this offer on the grounds of undervaluation. Microsoft had decided to up its bid as much as $ 33 per Yahoo share.

Oracle Corp plans to hire 2,000

Oracle Corp plans to hire 2,000

Rediff.com27 Jan 2010

In an interview to The Wall Street Journal, Oracle chief executive Larry Ellison said that he is setting a new course for Oracle that includes hiring 2,000 sales and engineering employees and developing a line of high-end computer systems.

NY police drill prepares for 26/11 type attack

NY police drill prepares for 26/11 type attack

Rediff.com15 Oct 2010

As the terror alert of an Al Qaeda backed attack in Europe remains, the New York police carried out a drill to prepare against attacks on the lines of the 26/11 Mumbai attacks. The drill simulated multiple bombs and shooters, including a bomb under a vehicle, and police responded with helicopters, dogs, automatic weapons and an armoured car.

3rd round of Pak-US strategic talks next week

3rd round of Pak-US strategic talks next week

Rediff.com15 Oct 2010

The United States and Pakistan would hold their third ministerial-level Strategic Dialogue in Washington, DC, next week, against the backdrop of America pushing Islamabad to act firmly against terrorist safe havens and step up relief efforts in the wake of the devastating floods in the country

NYC cops prepare for 26/11 style attacks

NYC cops prepare for 26/11 style attacks

Rediff.com15 Oct 2010

As the terror alert of an Al Qaeda backed attack in Europe continues, the New York police carried out a drill on Thursday to prepare against attacks on the lines of the 26/11 Mumbai attacks.

Citigroup chief economist quits

Citigroup chief economist quits

Rediff.com18 Mar 2009

Citigroup chief economist Lewis Alexander is leaving the troubled financial services entity to join the US Treasury department, says a media report.

IBM in talks to buy Sun Microsystems

IBM in talks to buy Sun Microsystems

Rediff.com18 Mar 2009

Both companies are also strong supporters of open-source Linux and Java software

Hollywood turns to India for financing

Hollywood turns to India for financing

Rediff.com11 Jan 2010

American private equity firms, banks and hedge funds, once a substantial resource for Hollywood films, have seen their coffers dry up over the past two years.

Citi board: Deutch not to stand for re-election

Citi board: Deutch not to stand for re-election

Rediff.com8 Jan 2010

According to The Wall Street Journal, Deutch joined Citi's board in 1996, after leading the Central Intelligence Agency.

Markets end choppy session in the red

Markets end choppy session in the red

Rediff.com5 Oct 2010

Nifty declined 14 points to close at 6145.

Economic crisis to hit the poor hard: UNESCO

Economic crisis to hit the poor hard: UNESCO

Rediff.com4 Mar 2009

The global financial crisis sweeping through Wall Street and European banking sector will touch the lives of the world's most vulnerable, push millions into deeper poverty and lead to the deaths of thousands of children, a new United Nations study said.