Updated throughout the day. The hedge fund industry brought in $4.6 billion in December (Eurekahedge) Barclays (NYSE:BCS) may face a $27 billion deficit (Credit Suisse). JPMorgan (NYSE:JPM) is in exclusive talks to buy the RBS Sempra…
These are this Wednesday’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Archer-Daniels Midland (NYSE: ADM) Raised to Buy at Citigroup. Alexion Pharmaceuticals (NASDAQ: ALXN) Started as Perform at…
Apple’s (NASDAQ:AAPL) App Store brought in $2.5 billion last year according to Gartner. The company accounted for 99% of all mobile application sales in 2009. Apple keeps 90% of that revenue. Gartner predicts that the…
It took Microsoft (NADSAQ:MSFT) founder Bill Gate long enough to join Twitter. Now he can join President Obama and Demi Moore as fans of the social media network based on sending people short phrases. According…
The mainland Chinese government moved in the direction of providing liquidity to its economy last year when it launched it $585 billion stimulus package. Now that the program seems to have been a success, it is…
The U.S. Conference of Mayors recently released a report that says jobless rates will peak this year but that it will be many years before unemployment numbers reach the lows before the recession. There…
By Douglas A. McIntyre of 24/7 Republican Scott Brown has won the Senate seat held by Ted Kennedy for almost 47 years. Many analysts expect that this will effectively kill the Obama healthcare initiative.…
By Paul Ausick of 24/7 Following in footsteps of JPMorgan Chase (JPM), Citibank (C) today reported a net loss of $1.6 billion for 2009 on losses in mortgage and credit card lending that more…
By Paul Ausick of 24/7 After a four-month pursuit that occasionally got testy, Kraft Foods (KFT) has finally got its prize. British candy maker Cadbury PLC (CBY) has agreed to be acquired by Kraft…
Reuters: Obama said he will not let companies who owe the US taxes to bid for government work. Reuters: Republican Scott Brown won the Senate race in Massachusetts putting the Obama healthcare proposal at…
Markets in Asia fell as China said it would restrict lending by its banks. The Nikkei fell .3% to 10,738. The Hang Seng was down 1.8% to 21,272. China Unicom (NYSE:CHU) was up after…
SIRIUS XM Radio (NASDAQ: SIRI) appears to have managed to outshine the recession in 2009. The company disclosed today that it added just over 257,000 net subscribers in the fourth quarter of 2009. It…
DJIA component International Business Machines Corp. (NYSE: IBM) is out with earnings for its fiscal 2009 year-end and Q4 period. The report looks to leave something for everyone here. Big Blue posted earnings of…
Toward the end of 2008 (and even sooner), ethanol may have seemed like a fad that came and went. Then came the dull year of 2009 that seemed as though it would yield little. …
Glassdoor keeps tabs on employee impressions of management and work conditions at major companies. The survey site has more than one million users who review over 70,000 firms. These companies represent all industries, 100% of the Dow…
We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate.com this morning. Deal news has been seen in Asia Special Situation Acquisition…
These are the top pre-market day trading and active trading stocks we have seen for trading on Tuesday morning. We included a time stamp on each as they were taken over the last 20…
Updated throughout the day. Goldman Sachs (NYSE:GS) will delay its bonus announcement for UK workers until next week. (Reuters). AMR (NYSE:AMR) will seek carrier partners in China if its proposed investment in JAL is turned down as expected. (CNBC) Microsoft…
These are this Tuesday morning’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Baxter International (NYSE: BAX) Cut to Hold at Citigroup. CIENA Corporation (NASDAQ: CIEN) Raised to Outperform at…
Citigroup’s (NYSE:C) shares dropped 1.5% to $3.37 after it announced fourth quarter and full-year earnings. Citigroup 2009 managed revenues increased 49% to $91.1 billion, up from $61.2 billion in 2008 reflecting, in part, the absence…