Restrictive state banking laws are not preventing Walmart (WMT) from extending its reach as a financial services presence which dwarfs many banks. The world’s largest retailer will extend its “Money Centers” this year to 1,500…
The healthcare reform package, the centerpiece of the Obama presidency, never made it though Congress, at least not in the form the President would have liked. It will still struggle to be passed in…
One analyst who looked at the credit card delinquency rates for February noted that the figures appeared to be improving, but that they might be seasonal. It is another way of saying that they might not be…
Phillips-Van Heusen Corp. (NYSE: PVH) has traders and investors speculating about or pondering which other apparel companies may become acquisition targets or which could end up in ‘mergers of equals’ as companies aim to…
When was the last time you kept a retailer buyout rumor on a watch list? Or two retailers for that matter? Friday’s trading was mixed with two buyout rumors in the retail segment. GameStop…
Citigroup (C) CEO Vikram Pandit, recently hailed for turning the bank around after over a year of being blamed for its demise, only made $128,751 last year in total compensation, down from $38.2 million…
American Express (AXP) has informed a number of its card members that their account numbers, names, the date on which their cards became effective, and the expiration dates have been stolen. The firm also said…
KKR & CO. L.P. is back. At least its IPO ambitions are. Long live private equity! Long Live leveraged buyouts! At least that is what the company wants you to think. KKR plans to…
“Go where the money is, and go there often”–Willie Sutton, professional bank robber Hackers can work their way into Google’s (GOOG) mail servers in China and government computers with sensitive date. But, the real…
It was less than two years ago that defunct business magazine Portfolio named Citigroup(C) CEO Vikram Pandit one of the twenty worst CEOs of all time. Pandit may be about to jump on the list of…
We have three secondary offerings of note today, with two having an impact in the stock. Comerica Incorporated (NYSE: CMA) is raising $800 million and Susquehanna Bancshares, Inc. (NASDAQ: SUSQ) is raising $350 million. …
“Never give a sucker and even break; never wise up a chump”–W.C. Fields The FDIC has come up with the notion that it will market investments in failed banks, or perhaps some of their…
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…
Tower International, Inc., or Tower Automotive LLC, has just filed to come public in an IPO. The company does not list any shares or or terms and did not list an exchange or a…
If you have watched the earnings from solar power companies and other Cleantech companies in recent weeks, the obvious elephant in the room is the notion that there needs to be mergers in the…