PARIS (Reuters) - Angry shareholders booed the chairman of Societe Generale on Tuesday and likened the French bank to a “casino” after it fell victim to the world’s biggest rogue trading scandal.
BOSTON (Reuters) - The market for software to protect mobile devices such as smartphones has yet to take off despite brisk sales of devices such as Research in Motion Ltd’s BlackBerry and Apple Inc’s iPhone.
(Reuters) - Sanford C. Bernstein slashed its earnings outlook for Lehman Brothers Holdings Inc , Goldman Sachs Group Inc and Morgan Stanley to reflect weaker fixed income sales and trading results, and a tough investment banking environment.
LONDON (Reuters) - Arun Sarin, the chief executive who safeguarded Vodafone’s dominance among mobile operators by expanding into emerging markets, announced his departure on Tuesday, saying he had achieved all he had set out to do.
NEW YORK (Reuters) - Consumer confidence plunged unexpectedly to its lowest in 16 years in May as rising gasoline costs and falling home prices made Americans nervous about the future, a survey released on Tuesday showed.
