Countrywide NYSE: CFC) chief operating officer David Sambol cannot get a job as a garbage man. He is viewed as being too closely tied to policies whereby his company made subprime mortgage loans to…
According to Reuters, Bank of America (BAC) will pay the president of Countrywide (CFC) $28 million to stay and run the company after the buy-out is complete. Reuters writes that the chairman of Bear…
Markets in Asia were higher. The Nikkei moved up 1.7% to 13,820. KDDI was up 2.6% to 639000. Toyota (TM) was up 2.5% to 5240. The Hang Seng was up 2.1% to 23,129. China…
Commentary by A.W. Bodine and C.J. Nagel, faculty at Concordia College–New YorkMarch 26, 2008 With world markets off 20%, Bear Stearns imploding and public companies having lost US$5 trillion in value, politicians and regulators…
James Cayne, chairman and, before he was asked to leave, CEO of Bear Stearns (NYSE: BSC) sold all of his holdings in the firm for $61 million, according to filings with the SEC. We…
On tonight’s MAD MONEY on CNBC, Jim Cramer discussed Altria Group, Inc. (NYSE: MO) and its soon to be break-up where Philip Morris International (NYSE: PM) will be on its own. It sounded like…
New research out reveals that GM (NYSE:GM) has made a sharp and powerful turn to the internet for marketing. A new comScore survey shows that in January, GM delivered nearly 1.7 billion ads and…
The Fed did open the door for brokers to borrow money because the agency was worried Wall St. would need the cash. But, the situation is getting out of hand and brokerages are bleeding…
Leopard Acquisition Corp. is another special purpose acquisition company, or SPAC, that has filed to come public via an initial public offering. It has filed to list on the American Stock Exchange, although a…
AT&T Inc. (NYSE: T) has partnered with MediaFLO USA Inc, a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), to launch AT&T Mobile TV with FLO. This offering will consist of a mobile TV service featuring…
Bear Stearns Companies Inc. (NYSE: BSC) has an SEC filing out showing that Chairman James "Jimmy" Cayne sold shares the day after JPMorgan Chase (NYSE: JPM) sweetened its bid offering to $10.00. On March…
Well, now we have a better idea as to why the CFO of video game publisher Electronic Arts (NASDAQ: ERTS) was leaving the company. McAfee, Inc. (NYSE: MFE) just announced after the close that…
DSW (DSW) Shoe retail company posts bad sales. Falls to $12.95 from 52-week high of $44.05. Jabil Circuit (JBL) Still falling a day after putting up bad quarterly figures. Sells off to $9.05 from…
When most people think of Jos. A Bank Clothiers Inc. (NASDAQ: JOSB), they think about conservative apparel for men’s suits, sports coats, slacks, and dressy-casual attire. It has been around for what seems forever…
Virtualization was supposed to be the next big thing in enterprise software. Virtualization allows one computer do the job of multiple computers by sharing the resources of a single machine .The software makes it…