This will open the floodgates. Expect more firms to come out with similar messages soon.
It's squeaky bum time over at MF Global.
In some respects, it's no surprise.
CNBC's John Carney does an excellent job explaining the underlying trading idea that proved one trade too far for MF Global.
Here's a few links to some interesting Bloomberg, New York Times and Reuters stories currently doing the rounds.
Here come the Feds (it seems).
Here's a note of 9 top firms currently undertaking cost-cutting programs.
Here's a few links to some interesting Bloomberg and New York Times stories currently doing the rounds.
Here's a quick look at what firms are / have been doing on the job cuts front so far this year.
Tech M&A is at a 15-year high following NXT’s $16.1 billion bid for Freescale.
Only in the rarefied world of private equity would an annual payout of more than $300m for a top executive constitute a decline from the previous year.
Herve Falciani, who took a trove of data from HSBC that spawned investigations of extensive tax evasion by the bank’s clients, said he also has proof senior managers knew about the practices.