DealBook: Bank of America Sells Stake in China Construction Bank
Bobby Yip/ReutersBank of America’s Hong Kong headquarters looms over a real estate project operated by China Construction Bank. Bank of America announced on Monday that it would offload about half of...
View ArticleBooks of The Times: ‘Steve Jobs’ by Walter Isaacson
“He loved doing things right,” Mr. Jobs said. “He even cared about the look of the parts you couldn’t see.” Mr. Jobs, the brilliant and protean creator whose inventions so utterly transformed the...
View ArticleDealBook: Citigroup to Sell Last of Its Stake in Primerica
Damon Winter/The New York TimesSanford I. Weill, whose Primerica acquired Travelers, which merged with Citicorp in 1998. Citigroup‘s longstanding relationship with the life insurance company Primerica...
View ArticleDealBook Column: Plot Twist in the A.I.G. Bailout: It Actually Worked
Mark Wilson/Getty ImagesNeil M. Barofsky, a former Troubled Asset Relief Program official, at a Senate panel in 2010. “Some people just don’t like movies with happy endings.” That’s what the White...
View ArticleAsset Sales Help Quarterly Profit at Times Company
The New York Times Company reported a big jump in fourth-quarter profit on Thursday, largely because of gains from asset sales. Net income was $176.9 million, or $1.14 a share, a 200 percent increase...
View ArticleAmazon to Buy Goodreads
With bookstores closing, Internet sites have become critical places for telling readers about books they might be interested in. This deal further consolidates Amazon’s power to determine which authors...
View ArticleWealth Matters: Technology’s Impact on the Value of Financial Advice
But is the technology good enough to replace guidance from financial advisers? Or is technology actually good for advisers because they can use it to do their jobs better? Several new reports look at...
View ArticleDealBook: Sony Rebuffs New Call to Sell Entertainment Unit
Kimimasa Mayama/European Pressphoto AgencyKazuo Hirai, chief of Sony. TOKYO – Sony’s chief executive, Kazuo Hirai, reiterated on Thursday that the company’s music and movie businesses were not for...
View ArticleDealBook: Morgan Stanley Posts 42% Rise in Profit and Sets Stock Buyback
Mark Lennihan/Associated PressMorgan Stanley’s headquarters in New York. Morgan Stanley shares rose sharply Thursday morning on news that the company planned to buy back a chunk of its own stock. News...
View ArticleMortgages: Awaiting Foreclosure Relief
The bill is intended to put an end to the “shadow docket” of pending foreclosure cases stuck in limbo for months or even years because lawyers for the lenders haven’t filed the paperwork necessary for...
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