Jim Zarroli
Jim Zarroli appears in the following:
CEO In Chief? A Business Background Is Rare For Presidents
Wednesday, May 30, 2012
Republican Mitt Romney is running on the strength of his business background. He says he knows how to fix the economy in part because of his success at Bain Capital. But history is not necessarily on Romney's side. Very few businesspeople have made it to the White House.
Nation Remembers Veterans On Memorial Day
Monday, May 28, 2012
President Barack Obama commemorated Memorial Day and the fiftieth anniversary of the Vietnam War on Monday.
Investors Question Fairness Of Facebook IPO
Wednesday, May 23, 2012
The fallout from Facebook's initial public offering continues to spread, moving from trading screens to potentially the courtroom. Some of the investors who bought shares of the company filed a lawsuit alleging that Facebook and underwriter Morgan Stanley concealed information about Facebook's expected performance.
CBO Report: U.S. Economy Could Slide Into Recession
Wednesday, May 23, 2012
The Congressional Budget Office is warning the U.S. economy could fall back into a recession if Washington doesn't address the looming fiscal crisis. The Bush-era tax cuts are supposed to expire as is a temporary reduction in the payroll tax. Meanwhile, deep cuts in federal spending are supposed to take place if Congress and the White House can't agree on a debt-reduction plan.
Prosecutor Links Rajat Gupta To Raj Rajaratnam
Tuesday, May 22, 2012
The insider trading trial of Rajat Gupta is underway in New York. Gupta is a former Goldman Sachs board member, who prosecutors say provided inside information to hedge fund manager Raj Rajaratnam. Gupta's lawyer told the jury that the case against his client was based on guesswork and speculation.
Ex-Goldman Director Faces Insider Trading Trial
Monday, May 21, 2012
Prosecutors say Rajat Gupta, a former member of the board of Goldman Sachs, passed on information about Goldman to billionaire Raj Rajaratnam, who is in prison for insider trading. Jury selection gets underway Monday.
Big Losing Bet Tarnishes Wall Street Titan JPMorgan
Friday, May 11, 2012
JPMorgan Chase was one of the few major banking companies to emerge from the financial crisis with its reputation intact. Now, with revelations that it lost at least $2 billion in a hedging strategy gone wrong, that reputation is in tatters. And analysts say the loss raises doubts about other U.S. banks.
Former MF Global Exec Takes 5th At Hearing
Thursday, March 29, 2012
Members of the House Financial Services Committee were hoping assistant treasurer Edith O'Brien would shed some light on the actions of the firm's CEO, ex-New Jersey Gov. Jon Corzine.
What's On Wall Street? Fewer Banks, More Condos
Monday, October 24, 2011
Technology has allowed many of the bigger firms to leave Wall Street since trading is done electronically, "on a computer somewhere in suburban New Jersey," as one expert notes. But demonstrators with the Occupy Wall Street movement in nearby Zuccotti Park say the Street is still an important symbol.
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