The cupcake economy appears to have gone stale. Crumbs, one of the largest chains of US cupcake companies, closed its doors on Monday and may have to file for bankruptcy. And experts predict it may not be the last.
Steve Jobs was known for being ruthless and controlling, driven by a desire for perfection with a clear image of how products, practices and Apple should be, which helped him turn the company around after rejoining it from NeXT in 1996 when Apple bought the computing startup. But that same drive had an effect on his relations with employees.
In the weeks leading up to Pacific Investment Management Co.’s annual forum in May that sets the firm’s long-term investment outlook, Bill Gross was facing internal dissent.
PepsiCo CEO Indra Nooyi's comments last week on whether working women can have it all-a fulfilling career and family life-has reignited the debate on how best to balance career and family.
Deal after deal, the first six months of 2014 marked a bumper period for mergers and acquisitions.
The S&P 500 may have rallied 6 percent during the first half of the year, but the average hedge fund appears to have trailed that substantially-the exceptions being seasoned stock and bond pickers who managed to outperform their peers with careful research and fortunate timing.
Brad Hintz, a Sanford C. Bernstein analyst who covered investment banks including Goldman Sachs for more than a decade, is leaving Wall Street to become a professor at New York University.
Commerzbank will probably be the next bank to resolve alleged U.S. sanctions violations, a person with knowledge of the matter said.
The Vatican bank has announced a plunge in net profit last year after a "painful but necessary process" of reform saw it close thousands of accounts, wind up investments and hire expensive external experts to help with the clean-up.
A battle is raging on Wall Street as never before, with powerful factions scrambling for control of a precious resource.
Hedge funds had their worst performing year last year since 2011, posting returns of 2.02 per cent, according to the latest data from Preqin.
The chair of the City watchdog has defended the organisation against accusations of government interference, as he expressed irritation at George Osborne publicly announcing the withdrawal of one of the frontrunners to lead the regulator.
This time last month stock markets were starting an end-of-year rally, cheerfully regarding the US Federal Reserve’s small increase in interest rates as evidence of the underlying strength of the global economy. Now, says William White, former chief economist of the Bank for International Settlements, the situation is as bad as in 2007, the onset of the banking crash.