In a weak economy, troubled companies should never be bought at a premium. No one has mentioned that to IBM (IBM) which is looking at paying $10 a share for ... Read Full Story »
Using the oblique reasoning techniques of politicians, the Administration has decided to get back the big bonuses that AIG(AIG) paid to some of its employees by withholding the next of ... Read Full Story »
The market rise of the last two weeks has been described as a “sucker” or a bear market rally. One means about the same as the other. The premise is ... Read Full Story »
The wooden but plucky CEO of GM (GM), Rick Wagoner, told the press that if his company is allowed to go into Chapter 11, it will end up being a ... Read Full Story »
According to Reuters, AIG (AIG) will have to pay taxpayers back for bonuses it paid out before it can get its next $30 billion in loans. Reuters reports that Coke ... Read Full Story »
Markets in Asia were up modestly. The Nikkei rose .3% to 7,972 The Hang Seng was up 1.8% to 13,106. The Shanghai Composite rose .2% to 2,224. Data from Reuters ... Read Full Story »