Goldman, embroiled in SEC suit, doubles profit (at MarketWatch)
In a legal maelstrom over last week's fraud charge by regulators, the investment bank reports a first-quarter profit that doubled from the same period a year ago. us.rd.yahoo.com |
Sector tries to recover after toxic shock (at FT.com)
Anew chapter hasopened up in the sorry tale of the alphabet soup of structured products that have already caused hundreds of billions of dollars of losses to banks, insurance companies and other investors around the world. us.rd.yahoo.com |
Bold financial seers look to models rather than the herd
[at Financial Times] - Baseball legend and inadvertent philosopher "Yogi" Berra quipped that "it's tough to make predictions, especially about the future". us.rd.yahoo.com |
Nasdaq boosts cost forecast; sees revenue growth
[Reuters] - Nasdaq OMX Group Inc boosted its short-term cost expectations on Wednesday, but outlined the longer-term growth it expects in the clearing and technology businesses -- areas on which the exchange operator will lean in coming years. us.rd.yahoo.com |
ICE to offer world's first ERU futures contracts
[at Financial Times] - IntercontinentalExchange, the US operator of futures exchanges, is to offer the world's first futures contracts in Emissions Reductions Units. us.rd.yahoo.com |