Online retailer Overstock.com ended its last fiscal year on a strong note, and now it’s gearing up for an international expansion. Outspoken CEO Patrick Byrne discusses the company, as well as his views on sales tax, short sell…
The Securities and Exchange Commission’s insider-trading charges against Rajat Gupta, former head of consulting firm McKinsey & Co., comes as a shock to many. The news comes after another McKinsey director pleaded guilty to ins…
In a jailhouse interview with the New York Times, Madoff pointed to a failure by banks and hedge funds to investigate when his filings with the Securities and Exchange Commission didn’t jibe with information that they could hav…
Hedge fund manager John Paulson told Paulson & Co. clients that the company made more than $1 billion during the past 18 months on its investment in Citigroup, Bloomberg News reported, citing Paulson’s letter to clients this mo…
The 91-year old company was once the leading diversified industrial company, the product of hundreds of leveraged buyouts in the 1960s and ’70s. But its breakup is yet more proof that the conglomerate model makes little sense t…