By Patrick Clark 10/31/12 9:41am

back to business

U.S. Stock Exchanges Open for First Time Since the Storm

U.S. markets opened this morning after halting trading on Monday and Tuesday due to the raging storm.

At the Nasdaq, Times Square Alliance President Tim Tompkins was scheduled to ring the opening bell, signaling the resumption of business as usual—we hope. The New York Stock Exchange, which hadn’t closed for two consecutive days due to weather since 1888, was also set to open.

“Our building and systems were not damaged and our people have been working diligently to ensure that we have a smooth opening,” NYSE Euronext CEO Duncan Niederauer said in a statement.

But good intentions are no guarantee of positive results. The Times reported yesterday that the New York Stock Exchange was experiencing “connectivity problems,” while the Journal reported criticisms of the exchanges inadequate preparations for extreme events such as severe weather or terrorist attacks. Read More

By Patrick Clark 5/02/12 12:05pm

High Life

Gary Cohn

Goldman’s Cohn Honored at High Line Benefit

Gary Cohn, Goldman Sachs president and chief operating officer, was on his best behavior last night at the Friends of the High Line spring benefit, as the Lloyd Blankfein heir apparent (or not) was seated behind the lectern at center stage, and had his image projected onto the out-sized screens throughout the evening’s speeches. Read More

By Lisa Medchill 11/18/08 11:57pm

Bonus Points for Goldman

With the announcement last week that its top seven executives would forgo annual bonuses for 2008, Goldman Sachs continues to demonstrate why it has always stood out from the rest of Wall Street as a leader that represents the best in capitalism. By giving up tens of millions of dollars in compensation, Goldman’s chief executive, Read More