The ministers attending the G20 conference urged the IMF and Eurozone nations to handle the debt situation in Greece as quickly as possible. There is understandable concern that if the capital markets fear that Spain’s problems are not unlike like…
A number of the finance ministers and central bank managers in Europe support creating a bank tax to handle financial firm bailouts in the future. A related levy has been discussed by some members…
The FDIC closed four more banks today, all four in Illinois, bringing the year’s total to 52. The agency late in 2009 made member banks prepay their insurance so that the agency, nearly out of money, could fund…
There were strong losses in three Tickerspy indexes over the most recent 30-day period. This month’s biggest losers are in Chinese agriculture, genetic analysis, and agricultural chemical and fertilizer stocks. Chinese agriculture stocks are down 10.2% in the past…
In the late 1990s, shares of Xerox Corp. (NYSE:XRX) topped $60. When the high-tech industry imploded in 2001, Xerox shares fell to below $5. Since then the shares have risen to about $19 and…
Angela Merkel, Germany’s Chancellor, is about to walk away from offering aid to Greece. That will almost certainly lead to Greece’s default on its sovereign obligations. Greece does not have the capital to last…
Sales of new single-family houses in March 2010 were at a seasonally adjusted annual rate of 411,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and…
Updated throughout the day. The US is planning to sell its stake in American International Group, Inc (NYSE: AIG) (NYPost) “Goldman Sachs was both an underwriter and an investor in Lloyds Banking Group’s vast refinancing…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Greece petitioned Eurozone nations and the IMF for the funds necessary to keep it solvent, according to several media sources. The Eurozone countries have made a “promise” to join the International Monetary fund to provide as much as…
How much does it cost to clean up the Lehman Bros. bankruptcy mess? Hundreds of millions of dollars, apparently. The firm that provides the liquidation service for the court, Alvarez & Marsal, made $262…
Among them, Verizon Wireless, AT&T (NYSE: T), Sprint (NYSE: S), and T-Mobile have almost 260 million wireless subscribers in the US. The population of the US is 305 million people and some of those are…
Wall St. and legal experts have begun to question whether Goldman Sachs Group (NYSE: GS) should settle charges by the SEC that it defrauded investors by not disclosing its role in the sale of…
Reuters: The push for a stronger yuan has been modest at the G20 meetings. Reuters: A Goldman Sachs Group (NYSE: GS) Director Rajat Gupta told hedge fund billionaire Raj Rajaratnam about a $5 billion investment in…
Storing files on remote servers whether those files are e-mails or medical records in a bad idea. The security the protects the data may be poor. That risks personal records, financial information, and business…
The percentage of people who feel that believe their financial situations are “good” or “excellent” fell to a new low in a Gallup poll which has been since 2001. That means the attitudes on the issues from the two deep…
Most adults in the UK, US, Canada, and Australia are aware of pay inequality. The does not seem to help women get equal pay with men. Recent Census data shows that female workers in…
Microsoft (NASDAQ: MSFT) traded within pennies of its 52-week high today, a sign of the optimism that the market has about the technology sector in general and especially the strength of the adoption of Window 7. The failure…
Senator Ted Kaufman of Delaware doesn’t care what Obama says in his speech on Wall St. today or what Volcker or Dodd want to do to break apart the largest investment and money center…
The $787 billion federal stimulus package enacted last year included $20 billion to subsidize energy efficiency programs in the states. Adding insulation, installing more efficient lighting, and other such seemingly small changes add up…