Tag Archive | "wall street"

Former Wall Street trader collapses and dies in court after jury finds him guilty of arson

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A former Wall Street trader was filmed swallowing an unknown substance after a jury found him guilty of burning down his own mansion. Michael Marin, 53, fell to the ground moments after he had swallowed the substance and was later pronounced dead, writes Gawker. Authorities at the Maricopa County Sheriff’s Office are awaiting the results [...]

Former executive brands Goldman Sachs ‘the evil of finance’

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NEW YORK -The world’s most storied investment bank on Wall Street, Goldman Sachs, is on the tip of the world’s tongue after being dubbed ‘a money-sucking vampire squid’ and ‘the evil of finance’ by one of its former executive directors. On Wednesday, Greg Smith resigned with a blistering public essay published on the New York [...]

Wall Street cash bonuses to drop 14 percent

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ALBANY, New York – New York’s state comptroller is forecasting a 14 percent drop in Wall Street cash bonuses for 2011 and financial services industry profits dropping by more than half for a second year in a row. That will result in bonuses of $19.7 billion, down from $22.8 billion a year before. Profits are [...]

Asia stocks follow Wall Street higher

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BANGKOK – Asian stocks rose Tuesday, tracking slight gains on Wall Street and assisted by an absence of bad financial news. Benchmark oil lingered above $101 per barrel while the dollar dropped against the euro and the yen. Japan’s Nikkei 225 index, reopening after a three-day holiday weekend, added 0.4 percent to 8,426.68. Hong Kong’s [...]

Wall Street trading up before the bell

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NEW YORK – Wall Street is pointing higher before the bell, with investors awaiting the latest data on jobs and home sales. Dow futures rose 0.17 percent to 12,102 and S&P 500 futures added 0.22 percent to 1,247.30. The Nasdaq composite rose 0.77 percent to 2,263.25. The Labor Department releases weekly unemployment claims Thursday. While [...]

Occupy Wall Street becomes highly collectible

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NEW YORK – Occupy Wall Street may still be working to shake the notion it represents a passing outburst of rage, but some establishment institutions have already decided the movement’s artifacts are worthy of historic preservation. More than a half-dozen major museums and organizations from the Smithsonian Institution to the New-York Historical Society have been [...]

US stock mixed amid European debt crisis talks

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NEW YORK – U.S. stock futures are mixed after the European Central Bank cut a key interest rate by a quarter-point. The rate cut was roughly in line with expectations. The bank last cut rates only five weeks ago, on Nov. 3. Ninety minutes before the U.S. market opening, Dow Jones industrial average futures rose [...]

Police arrest Occupy Washington protesters

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WASHINGTON – Police in Washington have arrested more than 30 Occupy D.C. protesters who refused to dismantle an unfinished wooden structure they built in a park overnight. Police say 31 of the anti-Wall Street protesters have been arrested, and the structure has been dismantled. Police on Sunday morning gave protesters an hour to disassemble the [...]

Police arrest three at Occupy LA

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LOS ANGELES – Police have arrested three people after ordering Occupy Los Angeles protesters to leave a downtown intersection. The arrests came after hundreds of people gathered in the street after a deadline passed to vacate a City Hall park encampment. Water bottles were thrown at officers as officers in riot gear started clearing 1st [...]

Wall Street protesters defy ban to keep occupying Los Angeles

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LOS ANGELES – More than two hours after a deadline to vacate their encampment, Wall Street protesters in Los Angeles are showing no signs of retreating. City officials have told demonstrators they must leave the weeks-old protest site and take their nearly 500 tents with them by 12:01 a.m. Monday. Despite the midnight deadline for [...]

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