Steve Orlofsky
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Bain investors worry about returns, not Romney
Mar 04, 2012 10:05 EST
(Reuters) - As Bain Capital LLC prepares to market a multibillion-dollar fund, investors say the private equity firm's performance is its biggest problem -- not the 15 years it was run by presidential hopeful Mitt Romney.
Analysis: Bain investors worry about returns, not Romney
Mar 04, 2012 10:05 EST
(Reuters) - As Bain Capital LLC prepares to market a multibillion-dollar fund, investors say the private equity firm's performance is its biggest problem -- not the 15 years it was run by presidential hopeful Mitt Romney.
Microsoft hires ex-FTC Google expert as lobbyist
Mar 01, 2012 19:09 EST
WASHINGTON (Reuters) - Microsoft Corp hired as one of its lobbyists a former Federal Trade Commission lawyer who had access to "thousands" of confidential Google Inc documents, according to a source close to the situation.
Analysis: NBC caught between rising "Voice", crashing "Smash"
Feb 29, 2012 17:50 EST
NEW YORK (Reuters) - Since their debut four weeks ago, NBC's two most-talked about TV shows have been on opposite trajectories: "The Voice" has soared in the ratings, while viewership for "Smash" has crashed.
Tobacco health labels unconstitutional: judge
Feb 29, 2012 15:14 EST
WASHINGTON (Reuters) - A U.S. judge sided with tobacco companies on Wednesday, ruling that regulations requiring large graphic health warnings on cigarette packaging and advertising violate free-speech rights under the U.S. Constitution.
Spine implant maker fined for unapproved devices
Feb 28, 2012 17:32 EST
(Reuters) - A spinal implant manufacturer and its chief executive have reached a $1 million settlement with the U.S. Food and Drug Administration for selling unapproved devices.
BP seeks settlement with oil spill plaintiffs group
Feb 28, 2012 16:50 EST
NEW ORLEANS (Reuters) - BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping a $14 billion fund it set aside to compensate fishermen and businesses harmed by the disaster, lawyers familiar with the talks said.
Exclusive: U.S. conducting criminal Libor probe
Feb 28, 2012 16:46 EST
NEW YORK (Reuters) - The Justice Department is conducting a criminal probe into whether the world's biggest banks manipulated a global benchmark rate that is at the heart of a wide range of loans and derivatives, from trillions of dollars of mortgages and bonds to interest rate swaps, a person familiar with the matter said.
Exclusive: U.S. conducting criminal Libor probe
Feb 28, 2012 16:46 EST
NEW YORK (Reuters) - The Justice Department is conducting a criminal probe into whether the world's biggest banks manipulated a global benchmark rate that is at the heart of a wide range of loans and derivatives, from trillions of dollars of mortgages and bonds to interest rate swaps, a person familiar with the matter said.
Dell unveils new servers, says not a PC company
Feb 27, 2012 17:14 EST
SAN FRANCISCO (Reuters) - Dell Inc launched a new line of servers for enterprise customers, boosting its corporate business unit and shifting its focus further away from consumers, who are increasingly choosing such devices as Apple Inc's iPad.
Evercore's Mestre steps down as U.S. banking head
Feb 24, 2012 11:41 EST
(Reuters) - Eduardo Mestre has stepped down as day-to-day head of Evercore Partners Inc's U.S. investment banking business, the New York-based company said in a regulatory filing.
AIG says it bought some Maiden Lane II assets
Feb 24, 2012 08:20 EST
(Reuters) - Bailed-out insurer American International Group <AIG.N> has bought about $2 billion of the mortgage-backed securities being auctioned by the Federal Reserve out of its Maiden Lane II portfolio, Chief Executive Bob Benmosche said on Friday.
INSIGHT: Business spending raises U.S. bank hopes
Feb 24, 2012 07:09 EST
(Reuters) - Two-and-a-half years after the official end of the recession, businesses are starting to invest cash again, prompting bankers to hope they might start borrowing, too.
Insight: Business spending raises U.S. bank hopes
Feb 24, 2012 07:09 EST
(Reuters) - Two-and-a-half years after the official end of the recession, businesses are starting to invest cash again, prompting bankers to hope they might start borrowing, too.
AIG posts huge 4th-quarter profit on tax benefit
Feb 23, 2012 16:18 EST
(Reuters) - Bailed-out insurer American International Group reported a profit of $19.8 billion for the fourth quarter, after an accounting determination that it is likely to post future profits let it release the value of some tax benefits.
SAC's Cohen buys small stake in New York Mets
Feb 23, 2012 10:10 EST
BOSTON (Reuters) - When hedge fund titan Steven A. Cohen next roots for his hometown New York Mets baseball team, he will have skin in the game as one of the team's newly minted minority owners.
Prosecutor, Goldman overreached: programmer's lawyer
Feb 23, 2012 09:13 EST
NEW YORK (Reuters) - Kevin Marino may be the lawyer of the moment, after persuading a U.S. appellate court panel last week to overturn the criminal conviction of a former Goldman Sachs Group computer programmer.
Aleynikov lawyer says prosecutors, Goldman overreached
Feb 22, 2012 17:36 EST
NEW YORK (Reuters) - Kevin Marino may be the lawyer of the moment, after persuading a U.S. appellate court panel last week to overturn the criminal conviction of a former Goldman Sachs Group computer programmer.
More birthdays give wealthy unwanted gift: anxiety
Feb 22, 2012 08:04 EST
(Reuters) - If you knew you would be around to blow out the candles at your 100th birthday party, would that change how you manage your money today?
UniCredit wins dismissal of Madoff claims
Feb 21, 2012 21:24 EST
NEW YORK (Reuters) - A Manhattan federal judge dismissed racketeering claims against UniCredit and its Bank Austria unit, dealing the Italian bank another victory and the trustee representing victims of Bernard Madoff's Ponzi scheme a major setback in his quest for compensation for the victims.
