Henry Paulson wants the $350 billion still left in the TARP funding from Congress. He says the last part of the first $350 billion is going to Detroit. His logic seems to be that…
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) is making it easier for the army of relatively new penny stocks to maintain their listings on NASDAQ. The exchange filed with the SEC to extend its suspension…
Sears Holdings (Nasdaq: SHLD) Director, Richard C. Perry, continues to sell his holdings of Sears Holdings. Earlier in the week, Richard Perry sold over 1.2 million shares leaving him with 1.39 million shares. However,…
President Bush said that he will offer loans from the TARP to cover funding needs for three months or so. The package is meant to mirror the one narrowly defeated in Congress less than…
M&T Bank Corporation (NYSE: MTB) has agreed to acquire Provident Bankshares Corporation (NASDAQ: PBKS) for roughly $401 million in stock.
There are some additional important analyst calls which were not on the early bird list over an hour ago. Here are some additional upgrades, downgrades, and initiations of new coverage from Wall Street analysts:…
These are some of the top pre-market analyst upgrades and downgrades we have seen from Wall Street this Friday morning with more than two hours until the market opens: Brookdale Senior Living (NYSE: BKD)…
According to MarketWatch, "Standard & Poor’s cut the credit rating or outlook of 12 major U.S. and European financial institutions Friday, saying the move reflected its view of the significant pressure on large, complex…
The sitting government in Russia has not had this much fun since Vladimir Lenin died. Falling oil prices, now sitting well under $40 a barrel. are forcing the Russian government to shut down almost…
The Bush White House let it leak out yesterday that it was looking at Chapter 11 as a possible way to deal with GM (GM). The news is an acknowledgment that suppliers, creditors, and…
The horses are off and running at Santa Anita. Banks cannot wait to get their hands on a new set of accounting rules that will almost certainly make their earnings look better. Taken to…
Just when credit card issuers from Mastercard (MA) to Citigroup (C) need the extra money due to deadbeats, the federal government is going to make it hard for them to get it. Default rates…
The new administration will ask Congress for close to $800 billion to stimulate the economy and get America back on the road to recovery without straining the capacity of the map makers. By the…
According to Reuters, GM (GM) and Chrysler are close to a loan deal with the government. Reuters reports that Obama will ask for a major stimulus package focusing on infrastructure and helping state finances.…
Markets in Asia were mixed The Nikkei fell .9% to 8,589. Toyota (TM) fell on word it might post a loss. The Hang Seng was down 1.9% to 15,208. HSBC (HBC) was off on…