To get back on your feet when you’ve lost your job, you need to ‘retool’. Philip Delves Broughton explains how, while Gideon Spanier looks at the rise of the new entrepreneurs... more
Finance: A third of trades on Europe's traditional stock exchanges are not being completed at the best price available, according to a study by pan-European equity trading platform Equiduct... more
Rio Tinto dropped 55p to 1865p today as the miner remained locked in talks with its biggest shareholder Aluminium Corporation of China (Chinalco) about a massive cash injection... more
Concerns over the sponsorship revenues for the London Olympics were heightened when 2012 commercial partner Nortel filed for bankruptcy protection in the United States... more
Merrill Lynch bankers staged a Wall Street tradition when the New York Stock Exchange sounded its closing bell on New Year's Eve: the clapoff. Hundreds of employees at the World Financial Center in Manhattan stood and applauded solemnly to pay tribute to their stricken company — known on Wall Street in its heyday as the Thundering Herd.... more
Banking: Banking executives at Morgan Stanley and Merrill Lynch have become the latest senior bankers to give up their bonuses this year as the global financial crisis bites... more
Banking: Bank of America has made John Thain - who as Merrill Lynch chief engineered the firm's sale - head of investment banking, securities and wealth management at the new company... more
City Spy is sure most of the 5000 or so Lehman Brothers employees wondering where their next
all-expenses-paid lunch is coming from, will spare a thought for ousted US chief executive Joe Gregory... more
It was inevitable the financial sector would lead the charge on the stock market today, in response to the US Government’s decision to rescue mortgage lenders Fannie Mae and Freddie Mac with a cash injection in excess of £100 million... more
Another twist in the blame game over who is responsible for the traffic disruption at Scotch Corner, Knightsbridge, where westbound traffic has been closed for the Candy & Candy luxury redevelopment at One Hyde Park... more
London Stock Exchange chief Clara Furse suffered a serious setback as Gulf state Qatar signed a $1 billion deal with her arch-rival NYSE Euronext to create a leading financial market in its capital Doha... more
New York's hi-tech Nasdaq stock exchange is to sell real-time share price data to popular small-investor websites, spurring hopes that the London Stock Exchange may soon follow suit.... more
Stock markets have delivered a massive vote of confidence, or perhaps it was thanks, to JPMorgan Chase for its bailout of stricken investment bank Bear Stearns... more
Tonight:
3°c
