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Employee's Ultimate Payback: Billionaire David Tepper bought former boss’s mansion. What he did next is extremely shocking...Employee's ultimate payback, which came at the hands of billionaire David Tepper, is here. After Goldman Sachs CEO Jon Corzine denied him a...- Denied a promotion, billionaire buys ex-boss’s $43 million mansion from his ex-wife, then bulldozes itDavid Tepper, a billionaire, bought Jon Corzine's Hamptons mansion. This purchase was payback for a past career snub. Tepper demolished the...
- This Indian corp bond is among the 10 worst bets of the decadeFrom high finance to pet food, a lot of good money was thrown at some really risky deals.
- Young Wall Street traders to see their first rate hikeEl Mihdawy, who once dreamed of becoming a professional tennis player, now works on Cantor Fitzgerald LP’s equity derivatives desk after jo...
- UK-Indian Navinder Singh Sarao arrested over role in 2010 'Flash Crash'Navinder Singh Sarao helped send Dow on the wild,1,000-point ride that the world came to know as the flash crash.
- Insult to Injury: President Barack Obama keeps SEC in pocket of Wall StreetWhat President Barack Obama gave us in Mary Schapiro was yet another Wall Street regulator deeply indebted to Wall Street itself.
- Post 1998, Goldman Sachs has lost its peerless reputation among undergraduate job seekersPost-2008, Goldman became an intensely scrutinised operation in a hirer's job market. Wall Street is still busy firing thousands.
- The shadow of liborgateThe question now is what else and, more importantly, whether a weak-kneed US President Barack Obama has the courage to do anything but yelp...
- European Crisis: Investor confidence is shaken; may take years for it to returnThere is a possibility that some big European bank may go belly-up next year as the sovereign debt crisis drama reaches its climax.
- MF Global creditors to meet today; could shape the approach to recoveriesAbout $593 million of MF customer funds are unaccounted for, according to a person with knowledge of regulatory probes into the firm's coll...
- Why did MF Global collapse and what went wrong?Unconfirmed reports suggest MF Global invested billions of dollars in euro area debt, which it is unlikely to recover.
- MF global draws down on credit after rating cutMoody's cuts MF Global ratings two more steps to Ba2 and puts it under review for more possible cuts.
- Obama clause in MF Global Holdings stuns Wall StreetMF Global Holdings took the cult of the Wall Street CEO to a new level with a plan to sell bonds that pay a higher rate if Chairman and CEO...
- Corporate social responsibility can cloak irresponsibilityBy all means let corporations also make green and philanthropic efforts. But don’t confuse these with social responsibility. Top 100 CEOs |...
- 9/11: US goes down memory laneVice-President Joe Biden led past and present area governors and mayors of New York City as well as relatives and friends honouring 2,752 p...
- Now debate rages in US over illegal-immigrant tuitionIn the US, residents of a state are eligible to pay a much lower tuition rate to attend a public college in their states.
- Senators spar over Obama stimulusDemocrats and Republicans are seeking changes worth tens of billions of dollars to President Barack Obama’s economic-stimulus package as th...
- Obama plans second stimulus package of up to $700 bnObama plans to put people back to work by rebuilding roads and bridges, modernizing schools, building wind farms, solar panels and fuel-eff...
- Obama blames WDC and Wall Street for economic woesObama said economy needs both short- and long-term fixes, including another round of stimulus measures from Congress to revive economy. Gai...
- Obama has better White House chances than Clinton, Democratic voters sayDemocratic voters now favor Barack Obama over Hillary Rodham Clinton as their best chance for winning the White House, according to an Asso...
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