Citigroup, Inc. (NYSE: C) has just started the earnings season for the banks “for the rest of America” today. Vikram Pandit just turned in earnings at $1.09 EPS (up from $0.90 a year ago)…
Wikimedia Commons (Adina Firestone)13D filings are often full of surprises, and this morning is no exception. Carl Icahn has an amended filing this morning regarding his 9.4% stake in Clorox Corporation (NYSE: CLX). Icahn…
nationsonline.orgA test is only as useful as what it tests for. The European Banking Authority is about to release stress tests on 91 large banks in the region. What the results will not contain…
When J.P. Morgan Chase & Co. (NYSE: JPM) beat earnings and gave a solid report on capital ratios, loan loss reserves, credit metrics, and even on its top-line revenues. This seems to be damaging…
J.P. Morgan Chase & Co. (NYSE: JPM) is the first of the banks to report earnings and the results are ahead of estimates. America’s top bank reported $1.27 EPS on $27.4 billion in revenues. …
As if you didn’t know that Greece and other nations classified as PIIGS were in trouble, and as if you did not know that ratings agencies are busy slashing ratings almost daily or weekly…
As if the PIIGS needed any more bad news, Moody’s has just downgraded Ireland yet again. Like you wouldn’t have known about this. This pertains to its foreign and local-currency government bond ratings. The…
The National Federation of Independent Business has just released its survey for June, and the overall trend has now dropped for four months in a row. Some of the conditions are even still considered…
nationsonline.orgIf you are surprised about the newest crash scenario boiling up outside of Greece, this is something we have been covering routinely. While the beastly pace is surprising, how big of a surprise is…
In the shadow of Groupon’s IPO plans, the pubic offering of LinkedIn, and estimated valuations for Facebook that go as high as $100 billion, Twitter raised $400 million under terms that set its value…
Russia’s President Dmitry Medvedev told an economic conference last month that he had ordered the government to reduce its controlling interests in some of the country’s biggest companies. He wants Russia’s largest state-controlled enterprises…
You have been reading all year that China has been hitting the brakes to curb inflation and to fight an overheating economy. They are at it again. Now the People’s Bank of China has…
The NFIB, which acts as an advocate organization for small businesses, issued a report called “Small Business Credit In A Deep Recession.” The group could have avoided this waste of effort. The conclusions of…
Blackboard Inc. (NASDAQ: BBBB) did get its buyout from private equity firm Providence Equity Partners. The deal is an all-cash buyout valued at $1.64 billion plus the assumption of approximately $130 million in net…
U.S. investors are now getting a Renminbi (Yuan) and bond fund to invest in via an open-ended mutual fund structure. An announcement has been made by Guinness Atkinson Asset Management that it is launching…