The legal actions against Lehman total, by some estimates, 62,000 plaintiffs which have a total of $785 million in claims against the failed bank. The restructuring of the firm had already cost $642 million as of last month. One…
Reuters: The Fed is likely to keep interest rates low for some time. Reuters: China said the yuan in not behind the US trade gap. Reuters: A record number of Chinese are unhappy about…
One analyst who looked at the credit card delinquency rates for February noted that the figures appeared to be improving, but that they might be seasonal. It is another way of saying that they might not be…
President Obama and Treasury Secretary Geithner have taken an extremely modest approach to what may experts believe is manipulative behavior by the Chinese vis-a-vis the value of the yuan. The peaceful method of negotiating …
MagnaChip Semiconductor Corporation is coming public. The maker of did not give formal terms of the offering but noted that it plans to sell up to $250 million in common stock. The maker of…
Phillips-Van Heusen Corp. (NYSE: PVH) has traders and investors speculating about or pondering which other apparel companies may become acquisition targets or which could end up in ‘mergers of equals’ as companies aim to…
Virtually nothing has gone right at Boston Scientific (BSX) since it bought rival Guidant in a bidding war with Johnson & Johnson (JNJ) in 2006. With a year of the transaction closing Guidant had to withdraw 50,000 medical…
PepsiCo, Inc. (NYSE: PEP) is the latest of the big companies to hike their dividend payouts this morning. We have not kept an exact tally, but this is getting close to 70 of the…
The Apple (AAPL) App Store has about 150,000 applications which have been downloaded more than 3 billion times. Most of the apps are free, but some cost $50 or more. 24/7 Wall St. has…
These are this Monday’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls during the pre-market hours: ARM Holdings (NASDAQ: ARMH) Cut to Hold at UBS. DreamWorks Animation (NYSE: DWA)…
Updated throughout the day. AIG (AIG) will hold back $21 million from employee bonuses (CNBC) Google (GOOG) will shut its Google.cn site in China (various) Arrow Energy will reject a $3 billion takeover bid from…
By John Tamny, Forbes The SEC is situational in its like of market transparency. Back in 2002 it embraced the economy-killer Sarbanes-Oxley with balance-sheet clarity in mind. But with transparency driven by short sales,…
The Social Security Administration wants back the $2.5 trillion its has loaned to the US Treasury. It is no wonder. The agency will have to pay out $29 billion more this year that it…
It cannot be good news that the warnings from credit agencies about the US debt and deficit come almost monthly now. Moody’s, in its latest quarterly AAA Sovereign Monitor, examined the financial health of…
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and…
Tiger Woods sponsorship income in 2009 was estimated by several media sources to be $110 million. Thirty million dollars of that came from Nike (NKE). There are no estimates for the revenue he received…
Google’s list of serious problems may be longer than it has been since the company’s IPO. The search engine company is all but certain to close Google.cn, its Chinese website, after an ongoing battle…
Reuters: The Senate reform bill gives the Fed broader powers. Reuters: Google (GOOG) says it is still talking to China, but signs point to pull-out. Reuters: Arrow will reject a bid from Shell (RDS)…
Many economists in the West have said they fear a double dip recession which would most likely be fueled by high unemployment and that this joblessness will dampen consumer consumption which is about two-thirds of GDP. Most…
The FT reports that Google (GOOG) has made all the necessary plans to close its Chinese search engine business and is “99.9%” certain it will shut the operation down shortly. Li Yizhong, minister for…