| Goldman cuts compensation after facing bonus heat (at MarketWatch) Goldman Sachs Group Inc., a prime target of the backlash after the financial bailout, cuts a key compensation benchmark to the lowest level in its history as it tries to soften criticism over fat bonuses. us.rd.yahoo.com |
Secretive speed traders in spotlight after crash (AP) If you saw a penny on the sidewalk, would you pick it up? You may think it's not worth the effort, but a breed of investors who have been in the news do. Using super-fast computers, high-frequency traders in effect bend down to pick up pennies lying about in the stock market -- then do it again, sometimes thousands of times a second. us.rd.yahoo.com |
Banks asked about GM lending lines pre-IPO: report (Reuters) Morgan Stanley Chairman John Mack said that banks wanting to participate in the initial public offering of General Motors Co were being asked about lending lines for the ailing U.S. automaker. us.rd.yahoo.com |
Teachers Facing New Financial Pains Layoffs, salary cuts force educators to rethink finances. forbes.com |
Goldman Sachs pays dividends on preferred stock [AP] - The Goldman Sachs Group Inc. said Friday it will pay dividends on preferred stock. For series A shares, the company will pay $239.58 per share and for series B shares the payout will be $387.50 per share. us.rd.yahoo.com |