gavel and cash money

10 Investment Advisory Firms Charged With Pay-to-Play Violations Following Campaign Contributions

The U.S. Securities and Exchange Commission (SEC) recently announced that 10 investment advisory firms have agreed to pay penalties ranging from $35,000 to $100,000 in an effort to settle charges ...
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citilogo

Citigroup Earnings in Line, Revenues Lag

Citigroup Inc. (NYSE: C) reported fourth-quarter and full-year 2016 results before markets opened Wednesday morning. The global bank posted diluted quarterly earnings per share (EPS) of $1.14 on revenue of $17.0 ...
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Goldman Sachs

Goldman Sachs Earnings Boosted by Lower Litigation Expenses

For much of 2016, shares of Goldman Sachs Group Inc. (NYSE: GS) were among the worst performers on the Dow Jones Industrial Index. Then came the election of Donald Trump ...
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The Pentagon

Jefferies Very Selective on Defense and Aerospace Stocks for 2017

One sector that absolutely blew higher after the election was the defense and aerospace stocks, and with good reason. Donald Trump made a point, and he made it often during ...
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bigger fish

What Eli Lilly Gets With CoLucid Acquisition

Eli Lilly and Co. (NYSE: LLY) has announced it has reached an agreement to acquire CoLucid Pharmaceuticals Inc. (NASDAQ: CLCD) in an all-cash transaction for $46.50 per share, or about ...
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mortgage form

Mortgage Loan Rates Dip on Fixed-Rate Loans, Applications Up Slightly

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 0.8% in the group's seasonally adjusted composite index for the week ending January ...
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California mansion

The 25 Most Expensive Homes in America Today

Every day, there are a number of homes for sale in the United States at prices above $100 million. And there are at least 25 for sale at prices over ...
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money

Why Is JetBlue Offering $52 Fares?

JetBlue Airways Corp. (NASDAQ: JBLU) has fares from New York's JFK to Boston for as little as $52 one way. The deal is extraordinary, because ticket prices for shuttles between ...
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F-35AB-LMT

As Top Government Contractor, Lockheed Martin’s Risks Multiply Fast (Unless McCain Can Save It)

The Federal Procurement Data System puts out a list of the 100 largest government contractors each year. Lockheed Martin Corp. (NYSE: LMT), already targeted by Donald Trump over the costs ...
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Warren Buffett square

Gates Foundation to Sell Almost $10 Billion Worth of Berkshire Hathaway Shares

Investors and the public still seem to be enthralled by Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A). Many of those same people still know Bill Gates as well. Many ...
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United Jet

United Airlines Earnings Beat Estimates, but Outlook Worries Investors

United Continental Holdings Inc. (NYSE: UAL) reported fourth-quarter and full-year 2016 results after markets closed Tuesday afternoon. The airline reported adjusted quarterly earnings per share (EPS) of $1.78 on revenues of ...
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Stock Price

DryShips, Alcobra Sink into Tuesday’s 52-Week Low Club

January 17, 2017: Here are four stocks trading with relatively heavy volume among 28 equities making new 52-week lows in Tuesday's session. On the NYSE, decliners led advancers by about ...
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market crash

JPMorgan, Goldman Sachs Sink DJIA on Tuesday

January 17, 2017: Markets opened lower Tuesday as financial stocks took a severe beating in the session following remarks by the president-elect that he wanted a weaker dollar. That sent ...
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sustainable energy

Morgan Stanley ‘Cautious’ on Clean Energy Sector

While the November election of Donald Trump brought a smile to the fossil fuel industry, the reaction in the renewables energy sector was more subdued. Analysts at Morgan Stanley published ...
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Ford Mustang

Mustang Sales Crater as New Versions Launch

Sales of Ford Motor Co.'s (NYSE: F) Mustang sports car were poor last year. They fell 13.4% to 105,932. December was worse, with sales off 19.2% to 7,064. Ford has ...
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