Reuters: Met Life (MET) is close to buying AIG’s (AIG) foreign insurance unit for $15.5 billion. Reuters: Subway will try to catch McDonald’s (MCD) in China by 2020. Reuters: Greece’s central bank chief said…
Stocks in Asia jumped. The Nikkei was up 2.1% to 10,586. The Hang Seng rose 2% to 21,197. The Shanghai Composite was higher by .7% to 3,053. At the open in Europe, the FTSE…
Not many company boards admit when their CEO had a bad year and needs a cut in pay. The Coca-Cola (KO) board decreased chief Mahtar Kent’s total compensation to $18.8 million from $22.4 million in…
This week’s list of UNUSUAL SUSPECTS for stocks to watch is actually much different from what we have seen in other reports. Earnings season is finally over, so we only have two earnings we…
The Toyota brand may be much more resilient than most experts would ever have imagined. That is bad new for its primary competitors in the US market–GM, Ford (F), Chrysler, Honda (HMC), and Nissan.
Jeff Immelt, GE’s Chairman and CEO did not take a bonus for 2009. That did not keep the rest of the conglomerate’s management from becoming richer.
Google (GOOG) disclosed that Chairman & CEO Eric Schmidt and founders Sergey Brin and Larry Page will each be paid $1 in base salary for 2010 in an 8-K filing. Brin is Google’s President,…
American corporations have a habit of releasing bad information late on Friday afternoon. Hewlett-Packard (HPQ) announced that it has revised its previously announced financial results for its first fiscal quarter ended Jan. 31, 2010,…
Robert J. Stevens, the CEO of Lockheed Martin (LMT) made $23 million last year, according to the company’s proxy. Part of his compensation included use of corporate aircraft for personal reasons. Lockheed Martin had…
AMD (AMD) CEO Dirk Meyer made $4.6 million last year as his company made a profit, but only because of a legal settlement with Intel (INTC) over antitrust matters. The money probably should have…
You might not believe it, but the Federal Reserve noted that January’s consumer credit rose by 2.4% in January by $4.96 billion to $2.456 trillion. This marks the first time we have seen a…
Biotech firm XenoPort (XNPT) will lay-off half of its employees. The company lists 219 full-time workers. On February 17, the FDA rejected a restless leg syndrome drug being developed by XenoPort and GlaxoSmithKline (GSK) because of…
24/7 Wall Street has a real-time index we keep of the 500 largest market caps of US equities. This is The 24/7 Wall St. Real-Time 500. Of these, the 23 highest are deemed mega-cap…
The graphic to the left illustrates the path of Recovery funds from the federal government to the local level. Congress appropriates Recovery Act funds to federal agencies. Federal agencies make funds available to state and local…
By Heather Horn of The Atlantic Wire It should tell you something that Funny or Die’s star-studded video of past presidents encouraging Obama to pass financial reform attracted more attention than any one piece…
Updated throughout the day. Microsoft (MSFT) will launch a phone with Verizon Wireless. (Gizmodo) Swiss commodity trader Glencore bought back its Prodeco coal operations in Colombia from mining group Xstrata and is looking for partners to provide…
The Labor Department has released its Unemployment rate for February. The official figure kept at 9.7% versus a Dow Jones projection of 9.8%. The change in non-Farm Payrolls in February was -36,000, a drop…
These are the top ten analyst calls we have seen in upgrades, downgrades, and initiations from Wall Street research calls this Thursday morning: Allergan Inc. (NYSE: AGN) Raised to Buy at Lazard. Calpine Corp.…
Over the last 45 years, Warren Buffett’s investments have beaten those of every mutual fund. That’s every mutual fund. According to a study from fund research firm Morningstar, Buffett has posted 20% annualized gains over…
As the Congressional Oversight Panel examined the history of the near-collapse of Citigroup (C) and its plans to stay out of trouble, a Treasury official made it clear that the department believes that no bank is…