Blake Grossman , the former chief executive officer of Barclays Global Investors, plans to depart one year after BlackRock Inc. completed the acquisition of BGI, to take time off before resuming a career in the financial industry.
The skunk works at IShares’ headquarters in San Francisco is buzzing. Researchers in the development lab pore over data flashing across computer screens while colleagues refill their mugs at the coffee bar and huddle in conference rooms illuminated by translucent blue partitions.
Tesla Motors Inc. , the electric-car company that hasn’t posted a profit, fell below the $17 price its shares sold for last week in the first initial public offering by a U.S. automaker in more than a half century.
The two parties are having a heated debate over the Republican plan to slice $61 billion off Uncle Sam’s projected $3.6 trillion budget. If the Republicans get their way, the deficit will fall from 9.5 percent of gross domestic product to 9.1 percent. If they don’t, they’ll probably shut the government for a couple of days. Then they’ll compromise on, say, a $40 billion budget cut, having proved they gave it their best shot.