As Goldman Sachs Group winds down its Principal Strategies group in response to a law that limits banks’ abililty to trade with their own money, the firm will be shutting a business that’s produced some of the most successful hedge fund managers in the world. MarketWatch.com – Financial Services Industry News
Most Asian stock markets declined Wednesday as renewed concern about the health of European banks hurt sentiment, pushing the yen to a new 15-year high against the U.S. dollar and dragging Japanese shares sharply lower. MarketWatch.com – Financial Services Industry News
Reports suggest that website The Pirate Bay is down after authorities raided several locations suspected of hosting the servers of the torrent site. News24 Sci-Tech
Sensex declined by over 104 points in the early morning trade on Wednesday after rising to a record high in the last two straight sessions, on profit booking and weak trend in Asian markets. Business News, International Business, Latest India Business and Markets News – Times of India
Sensex declined by over 104 points in the early morning trade on Wednesday after rising to a record high in the last two straight sessions, on profit booking and weak trend in Asian markets. Business News, International Business, Latest India Business and Markets News – Times of India
Hang Seng Index falls 1% in early trade, dragged down by China Mobile shares MarketWatch.com – MarketWatch Breaking News Bulletins
Japanese shares sell off amid fresh yen strength; Nikkei Stock Average down 1.3% MarketWatch.com – MarketWatch Breaking News Bulletins
U.S. stocks close down for first session in five on European fears; Dow’s down 107 points MarketWatch.com – MarketWatch Breaking News Bulletins
On ‘Project Runway,’ Tim Gunn plays the perpetually calm father-figure, the mentor who commands to contestants, ‘Make it work.’ But in his new book, ‘Gunn’s Golden Rules,’ on sale today, Gunn doesn’t play nice. He outs the divas and dictators of the fashion world one by one and eviscerates a few Hollywood celebrities as well. [...]
U.S. stocks fell, erasing part of last week’s rally, amid fresh questions about Europe’s bank stress tests and disappointing German manufacturing data. WSJ.com: What’s News US