Kai Ying

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Bankrupt Detroit finds $1m cheque in city hall drawer

Finding a $1m uncashed cheque would be a dream come true for anyone, but for the largest US city ever to file for bankruptcy, it could have paid for vital services.<p>The cheque was found in a city hall desk drawer in March, a month after it was received. Four months later the city collapsed into …

Commodities trading: problems for Wall Street are BTG’s opportunity | Financial Times

Print this page<p>Talk about being opportunistic.<p>Just as Wall Street’s biggest banks are facing increasing regulatory scrutiny over their involvement in …

Wall Street Profits Hit Record Levels, So Why Are Banks Still Killing Jobs?

Try and make sense of this: The banking industry earned a record $40 billion in the first three months of 2012, meanwhile banks are cutting th0usands of jobs.<p>JPMorgan Chase, Wells Fargo and Bank of America each announced job cuts this week. BofA said it was slashing 209 jobs, Wells is cutting 126 …

Bitcoin Businesses Welcome Judge's Ruling On Their Currency, But Others See Doom

The ruling allows the SEC to go forward with its prosecution.<p>Bitcoin firms are welcoming the ruling. Alan Silbert, the CEO of luxury goods site BitPremier, told us by email that the opinion signaled nothing more than growing pains.<p>"It's just part of the process of the Fed and State governments …

68% of CEOs still aren’t on any social networks whatsoever

When Warren Buffett burst onto the Twitter scene back in May, the social-media world went berserk. In less than 30 minutes, Buffett amassed over 30,000 followers; and despite having tweeted only twice since, he already has more than half a million. But Buffett’s willingness to interact with social …

Social Media

The Most Secretive Companies: 24/7 Wall St.

From 24/7 Wall St.: While many investors may think corporate communication is unclear, some companies are far more candid than others. In fact, According to corporate communications consulting firm Rittenhouse Rankings, clear and transparent language in investor letters is indicative of reliable …