This highly anticipated deal to fund Morgan Stanley (NYSE: MS) with $9 billion from Japan’s largest bank, Mitsubishi UFJ Financial Group, Inc. (NYSE: MTU), cannot come fast enough. Both sides have come public to…
OPEC ministers have moved up the date of their annual Christmas meeting. This year they will be together for Thanksgiving. Odds are excellent that they may move that gathering up to next week. Brent…
Beacon Power Corporation (NASDAQ: BCON) has received an investment commitment to fund ongoing operations and for further development. This will help to assist in the completion of manufacturing of flywheel systems for commercial deployment…
IBM (NYSE: IBM) is showing that some companies can still raise cash in these troubled times. Big Blue is selling $4 billion in debt in a multiple maturity offering. The company is showing that…
These are some of the top pre-market analyst downgrades we are seeing this Friday morning: Advanced Medical Optics (EYE) Cut to Underperform at Jefferies. Charles River (CRL) Cut to Market Perform at William Blair.…
These are some of the top pre-market analyst calls we are seeing this Friday morning: Boston Properties (BXP) Raised to Outperform at FBR. DreamWorks Animation (DWA) Raised to Buy at Jefferies. Duke Energy (DUK)…
General Electric Co. (NYSE: GE) has posted its awaited earnings report and the giant conglomerate posted earnings of $0.45 and revenue of $47.2 billion. First Call had earnings of $0.45 and $47.34 billion in…
While no one would have imagined several weeks ago that the Dow could drop to 7,000, it may make sense and could build a base from which the markets might recover. The last time…
A few days ago, it would have been nearly impossible to believe that the deals for Bank of America (BAC) to buy Merrill Lynch (MER), for Mitsubishi UFJ to buy 20% of Morgan Stanley…
AIG (AIG) moved rapidly to sell assets and borrowed heavily from it US government loan. According to The Wall Street Journal, "The insurer has now borrowed $70.3 billion from the government in three weeks."…
In a move which may end up trying to save the US banking system, the Treasury is considering backing all bank deposits and guaranteeing billions of dollars in bank debt. The backing of deposits…
According to Reuters, the US is looking at guaranteeing billions of dollars of bank debt and temporarily insuring all bank deposits. Reuters reports that Citigroup (C) has ended talks about taking over Wachovia (WB),…
Asia markets were very sharply lower. The Nikkei was off 9.6% to 8,276. The Hang Seng was down 7.3% to 14,694. The Shanghai Composite dropped 3.5% to 2,001. The German DAX fell 10%. The…
Saks Inc. (NYSE: SKS) may have gotten a better endorsement than if Warren Buffett or Bill Gates bought into the retailer. Mexican billionaire and the second richest man in the world Carlos Sliim has…
Today’s drop of 678.91 points to the close of 8,579.19 on the DJIA is actually a drop of 1,746.19 points since Friday’s close. That represents nearly a 17% drop over four days and it…