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German insurance group Allianz posted Monday a third quarter profit of 1.32 billion euros (1.97 billion dollars), in line with expectations and nearly double the previous year's figure.
Nov. 9 (Bloomberg) -- Continental AG had its share rating increased to “buy” from “hold” at Citigroup Inc., which cited improved earnings prospects and the potential for a “favorable” debt refinancing next year in a note to clients.
Hoping to encourage bankers and managers to stay, Citigroup has begun dispensing several million stock options to more than a quarter of its workers in a way that could result in a sizable gain for them, The New York Times’s Eric Dash reports.
The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work."
The 47-year-old former Bear Stearns Cos. executive two days ago was in position to double his $22 million in chips with a pair of queens showing to his opponent’s ace-queen combination.
Nov. 6 (Bloomberg) -- STR Holdings Inc., the solar company that Credit Suisse Group AG’s private-equity unit DLJ Merchant Banking Partners took public, jumped on the first day of trading after its underwriters cut the share price of its initial public offering twice to attract investors.
German insurer reports a third-quarter net profit of 1.32 billion euros ($1.97 billion), beating market expectations.
After news that Goldman Sachs (and Citigroup) received 200 swine flu vaccines out of 5,400 requested, which is the same amount as Memorial Sloan-Kettering received for its 27,000+ request for its workers, Saturday Night Live's Weekend Update decided to tap into the populist outrage. Weekend Update host Seth Meyers was joined by Amy Poehler to question the bank's decision making in a "Really ...
Nov. 9 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner is echoing billionaire investor Warren Buffett in telling banks “to take a chance again on the American economy.” So far, his appeal is falling flat.
Frankfurt - Europe's biggest insurer, Allianz SE, surged by about 5 per cent Monday after the group reported a bigger-than- forecast jump in third-quarter profit. Munich-based Allianz said net earnings rose to 1.323 billion euros (1.96 billion dollar...
Nov. 8 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.
Nov. 9 (Bloomberg) -- The following companies may be active in European trading. Stock symbols are in parentheses and share prices are from the last close.
Some of New York's biggest companies, including Wall Street giants Goldman Sachs and Citigroup, received doses of swine flu vaccine for at-risk employees, drawing criticism that the hard-to-find vaccine is going first to the privileged.
European shares jumped on Monday, with miners performing well and as investors also welcomed earnings and deal moves in the insurance sector. Allianz rallies while AXA lower on rejected bid.
An American Express executive was fired for being HIV-positive, he claims. Brett Knight, 41, had worked for American Express since 1990. Although he was HIV-positive throughout his employment, Knight said he didn't have a problem at the Financi...
Bankers are likely to make unusually large gains on the stock grants and options they received after shares in their companies fell sharply.
Open slideshowAFP/DDP/File
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Open slideshowAFP/DDP/File
