Deborah Bernstein, who worked at Goldman Sachs Group Inc., Pequot Capital Management Inc. and Aquiline Capital Partners LLC in the 15 years since she graduated from Stanford University’s business school, has died. She was 41.
Growing U.S. consumer borrowing signals the economy is healing and will sustain a rally in global stocks, sending the benchmark Standard & Poor’s 500 Index to fresh records, according to the co-chief investment officer at Deutsche Bank AG’s asset-management unit.
Alibaba Group Holding Ltd. doesn’t want to be the next Facebook Inc. -- at least for its prospective initial public offering. The world’s biggest online retailer is considering a more conservative valuation than what the social-networking company achieved last year, a person familiar with the situation said.
President Barack Obama nominated Representative Mel Watt to be director of the Federal Housing Finance Agency after months of political pressure from consumer advocates to find a new overseer for Fannie Mae and Freddie Mac.