DuPont Co. rose the most in more than a year after the New York Times’s Andrew Ross Sorkin said activist investor Nelson Peltz amassed a “very big” stake in the largest U.S. chemicals company by market value.
You didn’t really think Goldman Sachs Group Inc. would go down without a fight now did you? Of course not. So it should come as little surprise that recently Goldman has started to push back hard against its nemesis, Senator Carl Levin, Democrat of Michigan, and his narrative that the firm is the lead villain of the financial crisis.
Barbara Demick ’s “Nothing to Envy: Real Lives in North Korea” won the BBC Samuel Johnson Prize , defeating Andrew Ross Sorkin’s “Too Big to Fail” and four other finalists for the annual U.K. nonfiction award, worth 20,000 pounds ($30,000).
Nasdaq OMX Group Inc. halted trading for three hours yesterday to protect the integrity of markets as a technology malfunction left some investors without stock quotes, Chief Executive Officer Robert Greifeld said in his first public remarks since the incident.
Raghuram G. Rajan ’s “Fault Lines,” a look at why the financial order is prone to blowing bubbles, won the Financial Times and Goldman Sachs Business Book of the Year Award , defeating Andrew Ross Sorkin and other authors on the financial crisis.
Former Treasury Secretary Timothy F. Geithner said in his new book that members of the Obama administration “talked openly” about nationalizing banks such as Citigroup Inc. in the aftermath of the financial crisis, according to an article in the New York Times Magazine.