Mark Hayes was a Washington policy wonk on a long and steady ascent. A series of emails to a client was all it took to put that carefully crafted career on hold.
For all the talk that "Wall Street is back" from the ravages of the 2008-2009 crisis, there are signs that the financial industry is undergoing a profound transformation, writes Francesco Guerrera.
Online design retailer Fab is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the fast-growing but unprofitable company at $1 billion not including the new capital.
Thomson Reuters and Markit, rival data providers, have teamed up with investment banks to build a new messaging service to challenge competitor Bloomberg LLP.
GrubHub and Seamless, two tech startups that make it easier to order takeout food from restaurants, are merging, although they will remain separate brands.
Whirlpool swiftly cut its U.S. costs to boost profit at its North American operations, but in Europe efforts to pare job and implement work-rule changes have impeded a turnaround of its money-losing operations there.