Microsoft Corp. (NASDAQ: MSFT) used to be a huge investor in telecom, media, and technology companies. A recent SEC filing shows that Microsoft no longer holds its previous stake reported in Comcast Corp. (NASDAQ:…
The so-called fiduciary banks were never supposed to be immune from the woes of the financial sector. They were supposed to be more-resistant than most depository and lending institutions. Ask anyone holding State Street…
Constellation Energy Group Inc. (NYSE:CEG) continues to shed assets. This time it’s the company’s London-based international commodities trading operations, which Constellation will sell to a division of Goldman Sachs Group Inc. (NYSE:GS). The company…
The Canadian government is reported to have offered financial support to the Mackenzie Valley gas pipeline project. Imperial Oil, a wholly-owned subsidiary of Exxon Mobil Corporation (NYSE:XOM), leads the project, which includes ConocoPhillips Corporation,…
When China’s CNOOC Ltd. (NYSE:CEO) lost out to Chevron Corporation (NYSE:CVX) in a bid for Unocal, it found other places to invest. Like Nigeria and Indonesia. Those investments are expected to start paying off…
Bank of America Corporation (NYSE: BAC) has put itself right in harm’s way if you have been watching its share price over the last week (and longer). Ken Lewis is either going to be…
OPEC must know something the rest of the world does not know. Its chief believes that crude prices will recover to $75 sometime this year. Either OPEC expects to cut its supply by another…
If you are not familiar with the name Kingdom Holding Co., you may know its owner by the name of Prince Alwaleed bin Talal. He has been a very visible investor in many companies…
Today, RBC Capital upgraded Research in Motion (NASDAQ: RIMM) from Sector Perform to Outperform from Sector and raised its price target form $45 to $75. The firm said it expects performance to exceed lowered…
Nothing like a holiday weekend to soften the blow of bad news. Add in another day for a presidential inauguration, and it’s hard to see how ConocoPhillips Corporation (NYSE:COP) could have planned better to…
Goldman Sachs upgraded Motorola (NYSE: MOT) from Neutral to Buy and added the stock to its Conviction Buy List with a $7 price target, citing valuation. Goldman said the stock price implies a negative…
Cerberus Capital Management was one of the top private equity firms any MBA graduate would have wanted as their career destination. But this week may mark another stark reminder that private equity is in…
US bank stocks are off sharply this morning on bad news from the UK, particularly that it has taken a 70% interest in huge financial firm RBS (RBS). Banks may have another reason to…
These are some of the top Pre-Market analyst upgrades on Wall Street this Tuesday morning: Ares Capital (ARCC) Raised to Neutral at JPMorgan. Burlington Northern (BNI) Raised to Neutral from Sell at Goldman Sachs.…
These are some of the top pre-market analyst downgrades on Wall Street this Tuesday morning: Apollo Investment (AINV) Cut to Neutral at JPMorgan. Baker Hughes (BHI) Cut to Underweight at Morgan Stanley. Canadian National…
Russia has begun to ship gas to Europe through the Ukraine again. The dispute over whether Ukraine firm Naftogaz was siphoning fuel is now over, at least for now. Russia faces a significant threat…
The airline industry keeps drawing the short straw. A year ago, the carriers were being pounded by high jet fuel price due to rocketing crude. Now the price of oil is down by 75%,…
IBM (IBM) has become a target of antitrust regulators in the European Union. Several media sources say that a US company called T3 Technologies claims that IBM refused to offer its software on IBM…
The New York Times will probably not be writing a piece on the fact that Carlos Slim has occasionally been accused of creating his great wealth in part because he has been "close" to…
According to Reuters, Chrysler and Fiat in are in talks about a possible partnership. Reuters reports that Carlos Slim will invest $250 million in The New York Times. Reuters writes that China is weighing…