Most Read on Bloomberg in November: Twitter, Trader Bonuses, SACAudrey Barker
The following list comprises the previous lists of most-read stories. Lists are based on monthly statistics through Nov. 30.
Nov. 7 (Bloomberg) -- Twitter Inc. jumped 73 percent in its trading debut, as investors paid a premium for its promises of fast growth.
Nov. 13 (Bloomberg) -- Compensation for Wall Street’s equities salesmen and traders is expected to rise in 2013, while total pay for employees in fixed-income units may drop 10 percent, according to recruitment firm Options Group Inc.
Nov. 5 (Bloomberg) -- Billionaire Steven A. Cohen’s SAC Capital Advisors LP, the hedge fund accused of fostering a culture of rampant insider trading, has agreed to plead guilty Nov. 8 to securities fraud and wire fraud, pay a record $1.8 billion and shutter its investment advisory business.
Nov. 20 (Bloomberg) -- The world’s largest investment banks should enact changes including “ruthless prioritization” of clients and combining fixed-income and equity trading to avoid a sharp decline in profitability, according to McKinsey & Co.
Nov. 13 (Bloomberg) -- U.S. stocks rose, with the Standard & Poor’s 500 Index climbing to a record, as retailers led gains amid optimism over the holiday shopping season. Treasuries extended their advance after Janet Yellen said the American economy must improve before cuts to monetary stimulus.
Nov. 14 (Bloomberg) -– Vera Guerin, whose late father Nathan Shapell survived two Nazi concentration camps and became one of California’s largest property developers, emerged as a billionaire last week after Toll Brothers Inc. agreed to buy her family’s Shapell Industries Inc.’s homebuilding business for $1.6 billion.
Nov. 8 (Bloomberg) -- Pacific Investment Management Co. is wagering at least $10 billion in the credit-default swaps market that U.S. corporate bonds will gain as the Federal Reserve extends unprecedented stimulus into 2014, according to traders and investors.
Nov. 13 (Bloomberg) -- Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, promoted 280 employees to managing director, up from 266 last year, as it begins making the selections every two years instead of annually.
Nov. 20 (Bloomberg) -- Federal Reserve officials said they might reduce their $85 billion in monthly bond purchases “in coming months” as the economy improves, minutes of their last meeting show.
Nov. 20 (Bloomberg) -- Currency dealers in London gave information about client orders to day traders who then made bets on their behalf, sidestepping restrictions on personal trading, three people with knowledge of the practice said.
Nov. 20 (Bloomberg) -- Fidel Castro shares at least one belief with the majority of Americans: He is convinced that the assassination of President John F. Kennedy was not the work of a lone gunman, but rather the culmination of a broad conspiracy. According to a recent Gallup poll, 61 percent of Americans believe Lee Harvey Oswald did not act alone in Dallas 50 years ago.
Nov. 20 (Bloomberg) -- Complex human societies, including our own, are fragile. They are held together by an invisible web of mutual trust and social cooperation. This web can fray easily, resulting in a wave of political instability, internal conflict and, sometimes, outright social collapse.
Nov. 7 (Bloomberg) -- It seems almost laughable for a country that can’t keep its government up and running to criticize other nations, but that’s what the U.S. Treasury did last week in its semiannual report on International Economic and Exchange Rate Policies.
Nov. 4 (Bloomberg) -- One of the first people I’ll want to hear from now that SAC Capital Advisors LP has agreed to plead guilty to securities fraud is Gary Cohn, the president and chief operating officer of Goldman Sachs Group Inc.
Nov. 15 (Bloomberg) -- Tesla Motors Inc. shareholders have had much to fret about lately, from a nosebleed valuation and sagging stock price to periodic You Tube videos of exploding Tesla electric cars. Here’s another one for the list: Sometimes Tesla acts like it doesn’t know what it’s doing when it comes to financial reporting.
Nov. 7 (Bloomberg) -- European Central Bank President Mario Draghi speaks at his monthly news conference in Frankfurt about the decision to cut the benchmark interest rate to a record low of 0.25 percent and the risk of low inflation in the euro area. (Source: European Central Bank)
Nov. 14 (Bloomberg) – Janet Yellen, the nominee for chairman of the Federal Reserve, speaks about the central bank’s monetary stimulus, the U.S. economy and financial regulation.
Yellen testifies at her confirmation hearing before the Senate Banking Committee in Washington. (This is Yellen’s prepared statement.)
Nov. 14 (Bloomberg) -– Vera Guerin, whose late father Nathan Shapell survived Nazi concentration camps and became one of California’s largest property developers, emerged as a billionaire last week after Toll Brothers Inc. agreed to buy her family’s Shapell Industries Inc.’s homebuilding business for $1.6 billion. Bloomberg’s Peter Newcomb reports.
Nov. 20 (Bloomberg) -- The brand-new Porsche Macan sport-utility vehicle is seen in a promotional video from Porsche AG.
Nov. 18 (Bloomberg) -- A group of college presidents in 2005 sought to curb binge drinking and hazing at university fraternities. The death of a 19-year-old Arizona State University freshman illustrates the failure of the initiative. Bloomberg’s Kevin Thrash reports.