Until recently, having an 'edge' was a coveted trait on Wall Street. After the federal indictment on Thursday of billionaire investor Steven Cohen's hedge fund for insider trading, it is becoming a four-letter word.
Bankers working on the sale of the bulk of Vivendi's stake in Activision Blizzard Inc to the video games maker and its management could earn advisory fees of up to $80m, according to an industry estimate.
A decision by J.P. Morgan to exit its physical commodities business would temporarily reduce market liquidity before other companies quickly take its place, according to analysts and traders.
Bank of America, JPMorgan and Morgan Stanley are among Wall Street banks continuing to trade with SAC Capital Advisors LP after U.S. prosecutors indicted the hedge fund for insider trading, according to four people briefed on the matter.
'The biggest layoffs are ahead of us'.
Former IMF chief Dominique Strauss-Kahn is to face trial on pimping charges, French prosecutors say.
How many ways can you enter the swimming pool this summer?!
Who'd have thought ?
Who's the man ?
At least 39 people are reported to have died in a coach accident in Italy four days after a train careered off it's rails in Spain.