Friday's Headlines: Wall Street loses ground in students' Top 50 employer list, Google wins
In Universum's annual ranking of undergraduate college students' favorite employers, banks, Big Four accounting and oil firms fell in estimation to sexier companies like Apple, Walt Disney and Google - the later of which came out on top in the survey's rankings. In fact, "Nearly one of five business students told Universum they wanted to work for Google, up from 16.6 percent in 2010," BusinessWeek reported.
The top 10 companies business students said they wanted to work for are:
1. Google
2. Apple
3. Walt Disney
4. Ernst & Young
5. PricewaterhouseCoopers
6. Deloitte
7. J.P. Morgan
8. Nike
9. KPMG
10. Goldman Sachs
Other news:
AIG is fighting to keep pay records private from ex-employees in a sex-discrimination lawsuit. [BusinessWeek.]
Banks are pressuring the new consumer bureau to keep its complaint line private. [BusinessWeek].
HSBC raised $1.8 billion from the biggest sale of Samurai bonds without a government guarantee since Lehman collapsed.[Bloomberg]
JPMorgan Chase and Morgan Stanley will likely handle the next sale of GM's shares.
Big banks take a hit on the capital surcharge.[Financial Times]
BATS Global Markets filed to go public amid a wave of industry consolidation that has raised speculation that the upstart electronic exchange operator could be a takeover target. [NY Times]
Hedge fund managers are bracing for intensified scrutiny of their research in the wake of the Raj Rajaratnam conviction.[Financial Times]
Citigroup sues a former broker in an effort to recover on a promissory note. [Forbes]
Hana Financial looks for options in its purchase of Korea Exchange Bank in the face of regulator delays. [Reuters]
A Penson Worldwide boardmember resigned after the disclosure of his relationship to a large, illiquid bond position held by the company.[WSJ]