According to Reuters, world markets are waiting to see how the bailout of banks in Europe and the US will work. Reuters reports that Japan’s Mitsubishi UFJ Financial Group is looking for more favorable…
A sort of shadow economy has been forming. The sherriff in Cook Country, Illinois has stopped enforcing evictions on may foreclosed homes. According to The Chicago Tribune, Sherriff Tom Dart cited the growing number…
State and municipal governments have failed to put tens of billions of dollars into health plans for their retired workers. The Governmental Accounting Standards Board was set up to monitor the use of GAAP…
The IMF said that the world banking system faces of meltdown if governments does not take immediate action to support that largest banks. Based on comments from Paulson, the US may be moving a…
It turns out the cowpie of the PC chip world, built and marketed by Nvidia (NVDA), may have ended up in some Apple (AAPL) laptops. That would make the Mac buyers miffed. The semiconductor…
The people who run the International Monetary Fund probably don’t have any money in the stock market. They as the bond-owner, conservative sorts. Their risk aversion has not taken away their pessimism, and it…
According to The Wall Street Journal, GM (GM) and Chrylser had merger talks. How do that work if both are already broke? MarktetWatch reports that Paulson will begin to buy equity in banks. Bank…
It has long been thought that Goldman Sachs Group Inc. (NYSE: GS) was going to escape this credit crisis mostly unscathed and that the firm would never have capital issues. The good news is…
If there has been one manager that has made serious cash on his investments in his own company’s stock, it is Aubrey McClendon of Chesapeake Energy Corporation (NYSE: CHK). But "has" is just what…
There was absolutely no reason for the market to rally today. At one point the Dow was down 700 points. Investors have watched the decimation of the indexes all week as large cap stock…
Saturday Night Live’s take on the health of your portfolio and what you should do about it, circa dotcom crash, 2001
In the climate of today, this may come as no real surprise. Ford Motor Company (NYSE: F) has announced that CFO Don Leclair will retire November 1. He will be replaced by Lewis Booth. …
Yesterday JD Power said that the global car market could "collapse" and GM (GM) fell 31%. Today S&P is saying that "General Motors Corp., Ford Motor Co. and Chrysler LLC may be forced into…
Transocean Inc. (NYSE:RIG), one of the world’s largest offshore drilling companies, is proposing to move its incorporation location from the Cayman Islands to Switzerland. To make the move, the company needs approval from the…
Yesterday’s interim update report from Chevron (NYSE:CVX) came out pretty much as we expected. The company projects significant improvement in downstream earnings and a drop in upstream earnings. Hurricanes in the Gulf of Mexico…