Posts for Ticker ‘UBS’

Media Digest 11/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The Ohio Attorney General is suing a number of Wall St. firms.

Reuters:   GM will start to repay part of its debt to the US.

Reuters:   Citigroup (NYSE:C) will sell Bellsystem to Bain.

Reuters:   Japan’s GDP numbers were leaked. Read More »

Posted on: November 16, 2009 – 4:00 am in Press Digest, , , , , , , , , ,

Media Digest 11/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The Wall St. insider trading probe lead to another 14 arrests.

Reuters:   Fannie Mae (NYSE:FNM) lost $19 billion and asked Treasury for money.

Reuters:   GM is readying its plans for Opel as some of its workers went on strike.

Reuters:   The pay czar says the jury is still out on reforms. Read More »

Posted on: November 6, 2009 – 3:58 am in Press Digest, , , , , , , , , , , , , , , , , ,

Media Digest 10/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Toyota (NYSE:TM) returned to a profit.

Reuters:   The Fed will keep rates near zero for an extended period.

Reuters:   Cisco (NASDAQ:CSCO) beat forecasts.

Reuters:   Gold is near $1,100. Read More »

Posted on: November 5, 2009 – 3:58 am in Press Digest, , , , , , , , , , , , , ,

Media Digest 11/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The value of the yuan could cause a trade war between the US and China.

Reuters:   Executive pensions rose despite drops in stock prices.

Reuters:   Lloyds will make a large stock offering.

Reuters:   Stanley Works (NYSE:SWK) bought Black & Decker (NYSE:BDK) for $3.46 billion.

Reuters:   CIT’s (NYSE:CIT) exit from bankruptcy is not clear.

Reuters:   UBS (NYSE:UBS) posted a loss and wealth management clients continued to leave.

Reuters:   Ford (NYSE:F) posted a surprise profit.

Reuters:   Manufacturing and pending home sales both rose.

Reuters:   Volker said the economy could not rely on consumer spending.

Reuters:   The commercial real estate business is still in deep trouble.

WSJ:   Toyota (NYSE:TM) expects a monthly sales decline.

WSJ:   IllyCaffè SpA will work with local coffee shops to compete with Starbucks (NASDAQ:SBUX).

WSJ:   The head of the IMF says financial firms are going back to old practices.

WSJ:   Blu-ray makers are becoming more involved with web video.

WSJ:   Research-in-Motion (NASDAQ:RIMM) is the focus of a number of bearish comments.

WSJ:   Schwab (NASDAQ:SCHW) is making a push into ETFs.

WSJ:   GM’s board will revisit the Opel sale.

WSJ:   Microsoft (NASDAQ:MSFT) Office faces inexpensive versions of similar software.

WSJ:   Sears (NASDAQ:SHLD) may need to get cash from its Canadian operation which presents challenges.

WSJ:   Problems are beginning to appear in the financials of Chinese banks.

WSJ:   Business bankruptcies rose 7% in October.

NYT:   The US will allow GM to use federal money to put into Delphi.

NYT:   The Supreme Court is looking at fees advisors charge mutual funds.

NYT:   The Senate is pushing insurance companies on the amount of premiums they actually spend on care.

NYT:   Goldman Sachs (NYSE:GS) may buy tax credits from Fannie Mae (NYSE:FNM)

FT:   The Fed has asked banks to adopt it new pay rules early to cover 2009 compensation.

FT:   Ebay’s (NASDAQ:EBAY) PayPal has opened doors to outside developers.

Bloomberg:   The next head of Bank of America (NYSE:BAC) may be based in NYC.

Douglas A. McIntyre

 

Posted on: November 3, 2009 – 3:55 am in Press Digest, , , , , , , , , , , , , ,

Today’s Best Market Rumors (10/28/2009) (UBS)(SNE)(BCS)(CBS)

newspaperUpdated throughout the day.

Update 12.05 PM EST:  UBS (NYSE:UBS) may spin off PaineWebber  (Breakingviews)

GMAC has asked the Treasury Department for several billion more dollars in loans. (NYTimes)

Barry Diller’s IACI (NASDAQ:IACI) might be willing to sell its search business.  (NYPost)

News Corp (NYSE:NWS) and CBS (NYSE:CBS) are trying to get cable companies including Time Warner Cable (NYSE:TWC) to pay for carrying their broadcast channels.  (WSJ)

Statistics on ”global cooling” may be bogus.  (Ars Technica)

AMD’s (NYSE:AMD) former CEO Hector Ruiz may have leaked tips to one of the people accused of insider trading in the Galleon case.  (various)

The German hedge fund firm K1 is part of an international criminal investigation after allegedly stiffing banks including Barclays (NYSE:BCS), JPMorgan Chase (NYSE:JPM). and BNP Paribas with $400 million of losses.  (Bloomberg)

Covance (NYSE:CVD) shares are undervalued by 50%  (BusinessWeek)

Sony (NYSE:SNE) is expected to loss money for the fourth straight quarter.  (Forbes)

Douglas A. McIntyre

Posted on: October 28, 2009 – 9:13 am in Rumors, , , , , , , , , ,

More Bizarre Pay Czar News

GeithnerA new analysis from The Wall Street Journal shows that pay czar Kenneth Feinberg raised the salaries of most of the executives over which he has jurisdiction. The paper reports that base salaries climbed to $437,896 or 14% among the managers pay packages that he reviewed.

If Feinberg’s goal is to make executives at financial companies that owe the government money think long term, then he must be tying hundreds of thousands of dollars per person to stock options, restricted stock grants, and cash bonuses. Read More »

Posted on: October 28, 2009 – 6:13 am in Compensation, , ,

Media Digest 10/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   UBS (NYSE:UBS) will put in a new US chief.

Reuters:   Goldman Sachs (NYSE:GS) says “dark pools” help investors.

Reuters:   The US is welcoming the rise of the yuan.

Retuers:   Nelson Peltz’s board seat at Legg Mason (NYSE:LM) may not signal change. Read More »

Posted on: October 27, 2009 – 3:57 am in Press Digest, , , , , , , , , , , , , , ,

Media Digest (10/19/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   US corporations are concerned about the weakness of the dollar.

Reuters:   Bernanke says that global imbalances in trade and cash flows must be addressed.

Reuters:   Wal-Mart (NYSE:WMT) is attacking new markets with huge price cuts. Read More »

Posted on: October 19, 2009 – 4:03 am in Press Digest, , , , , , , , , , , , ,

Media Digest 9/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   China may hold the key to a sanctions program against Iran.

Reuters:   The head of the AIG (AIG) unit that caused most of the firm’s losses is back in US.

Reuters:   The G20 has set up a long struggle over bank capital rules. Read More »

Posted on: September 29, 2009 – 4:05 am in Press Digest, , , , , , , , , , , , , , , ,

Media Digest 9/11/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   International bank regulators are looking at Brazil as a model.

Reuters:   John Mack will step down at Morgan Stanley’s (MS) CEO.

Reuters:   The SEC vowed reforms after its report on Madoff revealed mistakes.

Reuters:   GM will sell control of Opel to Magna. Read More »

Posted on: September 11, 2009 – 3:54 am in Press Digest, , , , , , , , , , , , , ,

Media Digest 9/10/2009 Reuters, WSJ, NYT, FT, Bloomberg

newspaperReuters:   GM has made its decision on Opel and will announce it today.

Reuters:   Foreign car makers are having trouble with the affluent market in China

Reuters:   Steve Jobs made a presentation at Apple’s (AAPL) latest public meeting.

Reuters:   OPEC will hold prices steady. Read More »

Posted on: September 10, 2009 – 4:03 am in Press Digest, , , , , , , , , , , ,

Top Analyst Downgrades (CCJ, CHKP, DISH, DD, KFT, MHP, PALM, ROSG, UBS)

These are this Wednesday morning’s top pre-market analyst downgrades and cautious research calls we have seen from Wall Street:

Cameco (CCJ) Cut to Sector Perform at Scotia.
Check Point Software (CHKP) Cut to Market Perform at FBR Capital.
Dish Network (DISH) Cut to Sell at Goldman Sachs.
DuPont (DD) Cut to Neutral at Goldman Sachs.
Kraft Foods (KFT) Cut to Hold at Argus.
McGraw-Hill (MHP) Cut to Hold at Argus.
Palm (PALM) Cut to Neutral at Credit Suisse.
Rosetta Genomics (ROSG) Cut to Hold at Cantor Fitzgerald.
UBS (UBS) Cut to Neutral at JPMorgan.

JON C. OGG

Posted on: September 9, 2009 – 8:23 am in Analyst Calls, , , , , , , , ,

Media Digest 8/31/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The best investment for Chinese companies may be the nation’s own 1.3 billion person home market.

Reuters:   Japan’s Democrats took power.

Reuters:   Economists say there is no need for a second stimulus package.

Reuters:   The Fed made $14 billion on loans made during the credit crisis. Read More »

Posted on: August 31, 2009 – 4:03 am in Press Digest, , , , , , , , , ,

Media Digest 8/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Sony (SNE) and Microsoft (MSFT) are battling to control home entertainment but consumers are slow to adopt their technologies.

Reuters:   The “clunkers” program will end on August 24.

Reuters:   GM is about to pick a buyer for Opel.

Reuters:   The US recovery will be long and fragile. Read More »

Posted on: August 21, 2009 – 4:03 am in Press Digest, , , , , , , , , , , , , ,

Media Digest 8/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   UBS (UBS) shares may fall when the Swiss government sells out.

Reuters:   The US deficit estimate was trimmed to $1.59 trillion.

Reuters:   A homeowner sued Wells Fargo (WFC) over a credit line.

Reuters:   AIG (AIG) was sued by policyholders over the Madoff fraud. Read More »

Posted on: August 20, 2009 – 3:55 am in Press Digest, , , , , , , , , , , , ,

Media Digest 8/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   HP (HP) issued optimistic guidance.

Reuters:   China is investing in the private housing sector.

Reuters:   Buffett says the US is on a slow path to recovery.

Reuters:   US regulators urged Citigroup (C) to push out its former CFO. Read More »

Posted on: August 19, 2009 – 4:00 am in Press Digest, , , , , , , , , , , , , , ,

Media Digest 6/18/2009

newspaperReuters:   China’s expansion is leading to charges is it stripping asset from other under-developed countries.

Reuters:   UBS (UBS) will reveal the names of 5,000 clients in a deal with US tax authorities.

Reuters:   Schwab (SCHW) was sued by NYS over auction rate securities. Read More »

Posted on: August 18, 2009 – 4:00 am in Press Digest, , , , , , , ,

Media Digest 8/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   China Investment Corp will put $2 billion into US mortgages.

Reuters:   The US pay czar says be can “claw back” executive compensation.

Reuters:   Japan is pulling out of its recession.

Reuters:   China will appeal a WTO ruling on entertainment imports. Read More »

Posted on: August 17, 2009 – 4:03 am in Press Digest, , , , , ,

Media Digest 8/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The Chinese are learning the problem of easy access to credit cards.

Reuters:   The US recovery is still slow while France and Germany are rebounding.

Reuters:   UBS (UBS) clients in America may face criminal charges.

Reuters:   Buffett of Berkshire Hathaway (BRK.A) defended its valuation of derivatives. Read More »

Posted on: August 14, 2009 – 4:08 am in Press Digest, , , , , , , , , , , , , ,

Media Digest 8/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Wal-Mart (WMT) will report results with Wall St. looking for sales growth.

Reuters:   US home foreclosures set a record in July.

Reuters:   Citigroup (C) hired outsiders to help with a management review.

Reuters:   The former head of AIG (AIG) has offered $115 million to settle a suit. Read More »

Posted on: August 13, 2009 – 4:07 am in Press Digest, , , , , , , , , , , ,