Last week private equity firms Apollo Management LP and TPG filed documents with the US Securities and Exchange Commission for an IPO of Harrah’s Entertainment Inc., the gaming firm the two firms purchased in…
AIG is paying back more money to Uncle Sam. American International Group Inc. (NYSE: AIG) has raised a large sum via its AIA Group Ltd. initial public offering in Hong Kong. The Asian insurance…
Like all well-run businesses, the federal government has a worst, best, and middle case for the cost to bail out Freddie Mac and Fannie Mae. The range is from $221 billion to $363 billion,…
Visa Inc. (NYSE: V) just joined the ranks of companies hiking their annualized dividend payments. This is the second annual hike in a row. The increase was bumped up by 20% to $0.15 from…
Wells Fargo & Co. (NYSE: WFC) managed to beat earnings this morning. Warren Buffett’s favorite bank posted a gain of 19% in net income of $3.15 billion, translating to $0.60 EPS on revenues of…
Overseas initial public offerings have been doing very well in the U.S.of late. Today brought on two more IPOs, with an American IPO doing well and a Chinese offering not doing well. Shanghai, China-based…
Molycorp, Inc. (NYSE: MCP) is one of 2010’s top performing initial public offerings. Usually, newly-IPO companies issuing debt or even selling shares after a recent successful IPO is a sign that the shares may…
Raising rates is generally good for a currency, and in the case of China a rate hike there is actually good for the US Dollar due to that implied peg. Of course there is…
Bank of America Corporation (NYSE: BAC) is following Citigroup, Inc. (NYSE: C) and JPMorgan Chase & Co. (NYSE: JPM) by beating earnings expectations. Many of the headlines will describe a loss of more than…
Wal-Mart Stores, Inc. (NYSE: WMT) had a bit of unusual debt rating coverage this morning after Fitch reiterated Wal-Mart’s “AA” rating and said its outlook is stable. The reason for the note was a…
American International Group, Inc. (NYSE: AIG) does not have many analysts that cover it any longer. After the meltdown and massive government stake, what else would you expect? There is actually a positive call…
Citigroup, Inc. (NYSE: C) is seeing what appears to be a slight positive reaction to its earnings beat. The banking giant reported earnings Monday morning with $0.08 EPS versus Thomson Reuters estimates of $0.06…
Federal Reserve Chairman Ben Bernanke is keeping quantitative easing alive despite saying action is or isn’t being taken. The speech is from a monetary policy conference held by the Federal Reserve Bank of Boston. …
Tower International, Inc. (NYSE: TOWR) is about to be public. The former Tower Automotive supplies welded assemblies, body structure stampings, frames, and other auto structures. Tower has also entered the utility-scale solar energy market,…
Seagate Technology plc (NASDAQ: STX) was one of our “Deep Value Tech Stocks” we recently screened as technology stocks with dirt cheap valuations. We had noted a prior interest with private equity before, but…