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Larry Fink wrong, leveraged ETFs are 'sound': Pro

Larry Fink Interview Pic

BlackRock CEO Larry Fink was wrong when he slammed leveraged exchange-traded funds, Luciano Siracusano, chief investment strategist at Wisdom Tree Investments, told CNBC Thursday. In fact, he believes they can be very useful when used properly.

John Mack to step down at Rosneft

John Mack Interview Pic

John Mack, the former chief executive officer of Morgan Stanley, said he’s leaving the board of Russian oil producer OAO Rosneft, a month after the U.S. sanctioned the firm’s CEO.



David Bowie

Sound & Vision - Bowie broke the mould in asset securitization

The man behind “The Man Who Sold the World” was the first recording artist to go to Wall Street to tap the future earnings of his music, paving the way for a thriving market for esoteric securities backed by everything from racehorse stud rights to commercial washing machines.

Cigarette Butt Vivek Chugh

GlaxoSmithKline faces lawsuit from ex-manager

A former researcher for GlaxoSmithKline claims his job was snuffed out by the pharmaceuticals giant because he repeatedly raised warnings about alleged mistakes in studies that were used to help sell the company's smoking-reduction products.