Terry Connelly

Wells Fargo Investment Bankers Get Coach to Hone Pitches

Wells Fargo & Co., the lender expanding its securities unit to challenge Wall Street competitors, hired an outside firm to help investment bankers win more business.

UBS Said to Plan 10,000 Job Cuts, Investment Bank Shrinks

UBS AG, Switzerland’s largest bank, will cut as many as 10,000 jobs companywide as the trading business shrinks, a person with knowledge of the plan said.

UBS Cutting Investment Bank Seen Freeing Investors Cash

UBS AG’s decision to cut as many as 10,000 jobs and retreat from capital-intensive trading businesses will help position Switzerland’s largest bank to return more funds to shareholders.

Gupta Secretly Defied McKinsey Before SEC Tip Accusation

On a sunny Friday afternoon in June 2003, Rajat Gupta was greeted at his waterfront home in Westport, Connecticut, by scores of his McKinsey & Co. partners. They had come from London, Frankfurt, New Delhi and other cities around the world -- and brought along an elephant, which they tethered on the front lawn.

AT&T Adviser Greenhill Falls Toward League-Table Obscurity

AT&T Inc.’s failed $39 billion acquisition of Deutsche Telekom AG’s T-Mobile USA Inc. is sending Greenhill & Co. toward M&A league-table obscurity.

Ex-McKinsey `High Priest' Gupta Linked to Rajaratnam by SEC

When the U.S. Securities and Exchange Commission sued Rajat K. Gupta for insider trading yesterday, it wasn’t simply accusing “a Westport, Conn.-based business consultant” of providing illegal tips to the billionaire hedge-fund manager Raj Rajaratnam .

Wells Fargo-Backed Hedge Fund Said to Seek Money as Bank Exits

Wells Fargo & Co. plans to withdraw the capital from its affiliated hedge-fund firm, Overland Advisors LLC, as the asset manager seeks new investors, two people with direct knowledge of the matter said.

Drew Built 30-Year JPMorgan Career Embracing Risk

JPMorgan Chase & Co. Chief Investment Officer Ina R. Drew, head of the unit responsible for a $2 billion trading loss, built a 30-year career at the largest U.S. bank by embracing risk and avoiding the spotlight.

Whitman Proves Beanie Babies Help Her Lead Hewlett-Packard: Tech

Meg Whitman, who built her career at companies that sell shoes, toys and Beanie Babies to consumers, may be ill-prepared to lead computer maker Hewlett- Packard Co. as it seeks to cater more to large corporations.

Buffett Says Pricing Power More Important Than Good Management

Warren Buffett , the billionaire chief executive officer of Berkshire Hathaway Inc. , said he rates businesses on their ability to raise prices and sometimes doesn’t even consider the people in charge.

"High fixed costs and slack demand have made it harder to be profitable, and the industry will have to shrink more, he said."

- Terry Connelly on Oct 28, 2012

San Francisco

New York

Salomon Brothers

Warren Buffett

Most European Stocks Climb as Earnings Offset Confidence

Jolie Has Double Mastectomy to Thwart Cancer Gene Risk

Pentagon Said to Furlough Up to 650,000 Civilian Workers

CIA Spy Caught in $1 Million Recruitment Sting, Russia Says

S&P 500 Rises on U.S. Optimism While Metals Fall on China