Maurice R. "Hank" Greenberg did not start AIG (AIG), but he might as well have. Greenberg took over as head of the insurance company in 1968, the only CEO ... Read Full Story »
China's stimulus package may work too well. The world's most populous nation is still building many factories even though its exports remain low. Building the facilities creates jobs and offers the country ... Read Full Story »
Reuters: Saab's failure to be bought shows that Chinese companies are having trouble moving into Western markets through M&A. Reuters: AIG (NYSE:AIG) and former CEO Greenberg settled legal issues between ... Read Full Story »
Markets in Asia fell. The Nikkei was off .6% to 9,383. The Hang Seng fell 1.8% to 22,210. The Shanghai Composite was down 3.6% to 3,171. At the open in ... Read Full Story »
Black Friday is under 48 hours away. We have seen much data and much analysis out there on the topic, but there are two fairly easy conclusions here.... well, make ... Read Full Story »
The Department of Energy has just released this week's oil inventories data. While there are gains almost on all counts, this may not be enough. The key ETFs that react to ... Read Full Story »
Updated throughout the day Calpers has launched an investigation of its own oversight practices (LA Times) Hedge fund assets may rebound to pre-crisis levels (Reuters) GE's (NYSE:GE) stock price is about ... Read Full Story »
Garmin Ltd. (NASDAQ: GRMN) took it on the chin in recent weeks after Google Inc. (NASDAQ: GOOG) launched its personal navigation system as an app on its new smartphones for ... Read Full Story »
We just had a deluge of economic data in Personal Income & Spending for September, a rather solid figure on weekly jobless claims and in continuing jobless claims, and a ... Read Full Story »
These are this mornings top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls. In fact, because today is a short day or partial off for most, ... Read Full Story »
More than 13% of people who went to the top 500 retail websites went to Walmart.com for the week ending November 21. The number was up 77% from the previous ... Read Full Story »
Starbucks (NASDAQ:SBUX) wants to follow Wal-Mart (NYSE:WMT), McDonald's (NYSE:MCD), Dell (NADSAQ:DELL) and hundreds of other large American companies into China. It is the promised land for consumer spending. The middle ... Read Full Story »
The minutes of The Federal Reserve Board and the Federal Open Market Committee for November 3 and November 4 are a study in contradiction and perhaps even confusion. Members of ... Read Full Story »
FDIC chair Sheila Bair, who would seem to be one of the less important members of the government's financial team, yesterday strongly suggested that secured creditors at the largest banks bear losses of ... Read Full Story »
Reuters: Chinese banks must raise large sums of capital which could test equity markets. Reuters: AIG's (NYSE:AIG) CEO had his pay package approved. Reuters: The Fed sees growth but substantial ... Read Full Story »