Executive leaves hedge fund Citadel

A Citadel Investment Group LLC executive who ran an unprofitable credit investment group for the large hedge fund company has resigned, a person familiar […]

Samsung Elec mulls SanDisk buy; Toshiba shrs fall

Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research, Stock Buzz), the world’s top maker of memory chips, said it may buy flash memory maker […]

Jefferies CEO sees chance to expand in downturn

Investment bank Jefferies Group (JEF.N: Quote, Profile, Research, Stock Buzz) is on a hiring spree, snapping up traders and bankers laid off by credit […]

Alliance Semiconductor begins proceedings to dissolve

Alliance Semiconductor Corp. said Wednesday that its Board of Directors will begin proceedings to dissolve the company.
Melvin Keating, president and CEO, of Santa Clara-based Alliance […]

Corrected: HSBC says super-rich clients moving into cash

Many of the world’s wealthiest people have moved their money out of stocks and bonds and into cash, the head of HSBC’s Swiss private […]

Lehman in talks with KDB to raise $6 billion: report

Lehman Brothers Holdings has intensified talks with Korea Development Bank (KDB) to raise as much as $6 billion in a share sale that could […]