MF Global Holdings (NYSE: MF) became the first U.S. casualty of the European sovereign debt crisis, filing for Chapter 11 bankruptcy on Monday. Chairman and chief executive Jon Corzine has ... Read Full Story »
George Papandreou convinces the Greek cabinet of the virtues of a national referendum on budget cuts, but he now faces the leaders of France and Germany. (Reuters) The FBI may ... Read Full Story »
Bank plans to charge for debit cards abandoned. U.S. banks continue to abandon plans to charge fees to holders of debit cards. SunTrust (NYSE: STI) and Regions (NYSE: RF) today announced they ... Read Full Story »
Nearly lost in the news that MF Global (NYSE: MF) has collapsed under the strain of poor gambles about the EU’s future were announcements from larger banks that will cut ... Read Full Story »
Greeks will vote on planned austerity, which could wreck the chances of a conclusion to the bailout. (Reuters) China’s PMI falls to the lowest level since early 2009. (Reuters) Chemical ... Read Full Story »
MF Global Holdings Ltd. (NYSE: MF) has been halted pending news this Monday. Workers may be allowed into the offices, but the firm is being cut off from transacting business. ... Read Full Story »
Japan acts to lower the yen before the upcoming G20 meeting. (Reuters) Beacon Power (NASDAQ: BCON), backed by U.S. funds, goes bankrupt. (Reuters) Young and well-educated Greeks begin to leave ... Read Full Story »
To say that MF Global Holdings Ltd. (NYSE: MF) is in trouble might be the understatement of the year. The commodities and derivatives broker has reportedly been caught on the ... Read Full Story »
Spain’s unemployment rate rose to 21.5% last quarter. (MarketWatch) EU officials not expecting China to invest in the region’s bailout, despite reports to the contrary. (Reuters) Hewlett-Packard (NYSE: HPQ) to ... Read Full Story »
Eurozone officials decide on a second bailout of Greece and a larger EFSF. (Reuters) Private financial firms have positive reactions to the Obama plan to aid more homeowners with underwater ... Read Full Story »
Convergys (CVG) Posts a loss and weak forecast. Drops to $6.82 from 52-week high of $19.18.MF Global (MF) No major news. Drops to $1.93 from 52-week high of $32.20.USG Corporation ... Read Full Story »
These are ten of the analyst calls we are focusing on this Monday morning in the early pre-market trading hours:Assured Guaranty Ltd. (NYSE: AGO) started as Buy at UBS.Broadcom (NASDAQ: ... Read Full Story »
Bear Stearns (BSC) For those not on the planet today, firm was bought out by JP Morgan (JPM). Shares fall to $2.84 from 52-week high of $159.36.Lehman Brothers (LEH) Fall ... Read Full Story »
Fremont General (FMT) Threatens more write-downs. Falls to $.73 from 52-week high of $13.80.R H Donnelley (RHD) Downgrades after poor earnings. Hits bottom of $6.26 from 52-week high of $84.49.MF ... Read Full Story »
These are not the only analyst calls affecting shares of stock this morning, but these are the initial calls that 247WallSt.com is focusing on:AIG (NYSE: AIG) cut to Market Perform ... Read Full Story »