Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) is about to price a very large debt offering. With as many European nations as we are seeing having debt downgrades or credit concerns on their sovereign…
The federal government forever has the habit of reinventing the wheel when a perfectly good wheel is already available. Paul Volcker and his allies on Capitol Hill would like banks that take deposits to refrain…
Shares of electronic trading firms are under a bit of pressure today over fears of more price wars in the highly competitive electronic trading arena. The pressure comesx after Fidelity said it was cutting…
The recent trading days have been more than interesting in the market and in the financial sector. The big change came right at the same time that the banks looked poised for another potential…
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. Deals with news on deck are in Overture Acquisition Co.…
Nuveen Investments has made an unusual filing that under normal circumstances might not matter. But we live in a near-zero rate world now where investors are looking for more interesting ways to earn in…
American International Group Inc. (NYSE: AIG) has released more information on many of the troubled Maiden Lane III derivatives transactions. These are those contracts that helped to knock the company down from a financial…
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. There have been key developments in Overture Acquisition Co.…
The Federal Agricultural Mortgage Corporation (NYSE: AGM), a.k.a. Farmer Mac, today raised additional capital. The capital came via a sale in a private offering of shares of non-cumulative perpetual preferred stock of Farmer Mac…
Today could be called IPO Friday. We have four confirmed priced deals, and likely a fifth. The IPO’s involve Berkshire Hathaway Inc. (NYSE: BRK-B) for its Symetra Financial (NYSE: SYA), followed by Cellu Tissue…
Oil and gas developer Newfield Exploration Company (NYSE: NFX) has commenced an offering of $650 million in Senior Subordinated Notes due in 2020. The notes will be offered under an existing shelf registration statement,…
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…
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…
This week’s Unusual Suspects are not just about earnings season, despite the deluge and onslaught we are about to see. We have a watch for events this week in shares of Acorda Therapeutics, Inc.…
So much for the talk that the reign of JPMorgan Chase (NYSE:JPM) as the top money center bank in the US might come to an end with fourth quarter earnings. The bank blew through expectations.…