Andrew Burton/Reuters
The trial of Rajat Gupta, a former head of the consulting firm McKinsey & Company, was in its eighth day.
Prosecutors Try to Prove Gupta’s Link to Galleon Trades
By PETER LATTMANAmong the government’s hurdles in its insider trading case against Rajat K. Gupta is proving that he benefited from any illegal trades.
Julie Fletcher/Bloomberg News
Thorsten Heins, president and chief executive of Research in Motion, is under pressure to turn around the company.
Research in Motion, Struggling, Ponders a Dim Future
By MICHAEL J. DE LA MERCEDDid RIM wait too long in considering a potential deal for all or parts of the company?
Daniel Ochoa De Olza/Associated Press
The pain in Spain: Visitors to the Madrid stock exchange.
Banks Choose to Be Less Than Transparent on Europe
Many banks are not complying in full with S.E.C. guidance on exposure disclosures. And this could backfire on them if financial conditions in Europe deteriorate further.
Andrew Harrer/Bloomberg News
The Commodity Futures Trading Commission, led by Gary Gensler, is one of five regulatory agencies writing the Volcker Rule.
Pressure Continues on Regulators to Approve Volcker Rule
On Thursday, the Commodity Futures Trading Commission held a public roundtable to solicit ideas from banks, academics and other experts on the contentious Volcker Rule, which seeks to ban banks from making risky bets with their own money.
Boris Roessler/European Pressphoto Agency
Josef Ackermann finished up his time as chief of Deutsche Bank.
Ackermann Hands Over Reins of Deutsche Bank
Josef Ackermann bowed out Thursday as the chief executive of Deutsche Bank after more than a decade in which he transformed the institution into a global contender but also became a symbol to many Germans of the excesses of capitalism.
Facebook Shares Stage Recovery
Shares of the social network giant recover to end the day up 5 percent.
Former Lehman C.F.O. Joins Broker
Ian Lowitt, the last chief financial officer of Lehman Brothers, has joined the London financial firm Marex Spectron.
Business Day Live: Euro Bonds
Hunting for new bank customers on college campuses. After Facebook, enthusiasm ebbs in the I.P.O. market. Could the euro bond ever be more than an idea?
Peltz Takes Stake in InterContinental Hotels Group
The InterContinental Hotels Group, the British owner of the Holiday Inn chain, said on Thursday that Nelson Peltz’s Trian Fund Management had acquired a 4.27 percent stake in the company.
Simon Dawson/Bloomberg News
Gary D. Cohn, president of Goldman Sachs.
Goldman Prepares for Worst-Case Outcome in Europe
Gary D. Cohn says that Goldman is currently examining all euro-denominated contracts to understand what the ability to pay in a different currency would be if the euro disappears.
Neilson Barnard/Getty Images
Mark Parker, chief executive of Nike
Nike to Shed Cole Haan and Umbro Brands
Nike said on Thursday that it plans to sell two of its brands, Cole Haan and Umbro, as an effort to slim down its product lines.
Keith Bedford/Reuters
Jamie Dimon, chairman and chief executive of JPMorgan Chase.
JPMorgan’s Chief to Testify Twice in June
After days of discussions, Jamie Dimon of JPMorgan Chase has agreed to testify before the Senate Banking Committee on June 13, and he is also expected to appear before a House panel later in the month.
Marshall Clarke/Human Genome Sciences, via Reuters
A Human Genome Sciences lab in Rockville, Md.
Glaxo Said to Aim to Replace Human Genome’s Board
The British drug company GlaxoSmithKline is looking to replace the board of Human Genome Sciences, the biotechnology company it is trying to acquire for $2.59 billion, according to people with direct knowledge of the matter.
Elliott Lays Out Argument for a Sale of BMC Software
The hedge fund Elliott Management has filed a 36-page PowerPoint presentation with the S.E.C. aimed at prodding BMC into considering a sale to a larger software company or a private equity firm.
Emile Wamsteker/Bloomberg News
A Talbots store in the Westfield Garden State Plaza mall in Paramus, N.J.
After Rejecting Higher Offers, Talbots Agrees to $369 Million Buyout
After walking away from higher takeover offers from Sycamore Partners, the troubled women’s clothing retailer Talbots struck a more modest deal with the private equity firm.
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