Here's the latest from our Highly Paid Professional.
by Braden Goyette, ProPublica
State Street Corporation has now provided an update of its multi-year business operations and IT transformation program. First announced in November 2010, the program is designed to enhance State Street's growth by substantially increasing its focus on technology research and development and service excellence to drive innovation for clients and to streamline its operating model.
New York - Deutsche Bank has announced that Senator George J. Mitchell is rejoining the Bank's Americas Advisory Board, effective August 1. Senator Mitchell originally joined the Advisory Board on September 5, 2005 and served until January 22, 2009, when President Barack Obama appointed him Special Envoy for Middle East Peace, a post he held until May 14, 2011.
Poppy Trowbridge reports on the attack on News Corp. Chief Executive Officer Rupert Murdoch during his testimony today in London to the U.K. parliament's culture, media and sport select committee over allegations of phone hacking.
Just a few days after Fox Business Network's Charlie Gasparino reported that, according to his sources, Morgan Stanley was busy 'running layoff scenarios into several thousand folks', a firm spokesperson has apparently said that there are no plans for major layoffs YET.
Goldman Sachs has reported net earnings of $1.09bn for the second quarter ended June 30, 2011.
Bank of America Corporation has reported a net loss of $8.8bn for the second quarter of 2011, compared with net income of $3.1bn in the year-ago period.
The markets are spooked by the Euro debt crisis and the possibility of the US defaulting on its debt.
Hear Steve Wynn, CEO of Wynn Resorts, going on a controlled anti-Obama rant on the firm's conference call Monday.
Tech entrepreneurs are working on tools to help cut businesses' reliance on "old-fashioned" email.
'My face broke off into pieces,' she says. 'The morphine was so I didn’t die of shock from the pain. It was like I was in hell.'
Working irregular shifts could be damaging an individual's everyday life, internal body clock and social life, a recent study shows.