Does Petrobras Need More Capital? (PBR)
Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, raised $1 billion in a new note offering this morning for its Petrobras International Finance Co. Or did it? We originally had this listed as being an…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 231Dividend Surprise At MFA (MFA)
MFA Financial, Inc. (NYSE: MFA) is a surprise on the dividend front this morning. The company is a REIT that invests in mortgage-backed securities, and while that sounds as though it has all the…
AIG’s Futile Reverse Split To Nowhere (AIG)
American International Group Inc. (NYSE: AIG) is under pressure. This morning is the effective date of a 1 for 20 reverse split. Our closing bell price was $1.16 yesterday, and that would imply a…
Citigroup (C) To Jack Up Credit Card Rates On 15 Million Accounts
Citigroup (C) plans to increase fees on credit cards and it willaffect nearly 15 million of the bank’s customers. The action leaves the federal government in a bind. It owns options to 34% of…
UnitedHealth’s Lofty Ambition: $332 Billion in Healthcare Savings (UNH)
UnitedHealth Group, Inc. (NYSE: UNH) has listed a very lofty plan for how to reach the healthcare savings for America, which of course will include a private/public system. It may sound lofty, but the…
TARP Warrants: Spreading the Value Game Beyond The Government
The Treasury said that it plans to dispose of the warrants that it got from banks as part of bail out financing given to, and, in some cases, forced upon major US financial firms…
Ken Heebner Endorses Goldman Sachs and Morgan Stanley (CGMFX, GS, MS)
Ken Heebner of CGM Funds is often a guest on CNBC after the FOMC decision on rates. His sphere of great influence has withered as the CGM Focus Fund (CGMFX) has been hammered. Last…
Citigroup (C): Raises For The Elite
John Mack of Morgan Stanley (MS) made sure that he had a large base salary for this year, even though his firm nearly fell apart last year. The management of Citigroup (C) also wants…
Huntsman Thrashes The Banks
Apollo Management’s Hexion Specialty Chemicals offered $6 billion to buy chemical company Huntsman (HUN) in July 2007, a bid which would have given stockholders $27.25 a share. Over the course of the next year,…
Private Equity To Office Depot Rescue (ODP, OMX, SPLS)
Office Depot, Inc. (NYSE: ODP) has recovered substantially off of its March lows, but the stock is bruised and battered when you consider it hit $40.00 in late 2006. But this morning the office…
When The Banks Need Their TARP Funds Back
Deutsche Bank says that the commercial real estate market in America will not recover until 2017. Richard Parkus, Deutsche Bank head of Commercial Mortgage-backed Securities and Asset-Backed Securities Synthetics Research, told Reuters that values…
Rambus Giving Some Up & Raising Cash (RMBS)
Rambus Inc. (NASDAQ: RMBS) is tempering some of its guidance, which may lend at least some additional credence that investors need to keep justifying higher prices on news that is only so-so or only…
The Government Versus Goldman Sachs (GS)
Goldman Sachs (GS) has now paid back the TARP funds which removes the firm from what it must consider the government’s most draconian pay restrictions, those applied to companies living on taxpayer bailout dollars. Goldman still…
Bank Of American (BAC) Dumps Two More Directors
It is hard to imagine why one of the world’s largest money center banks would have an admiral and a general on its board, but Bank of America (BAC) has done a number of…
E*TRADE Valuation May Finally Be Compelling (ETFC, SCHW, AMTD, GS, MS)
E*TRADE Financial Corp. (NASDAQ: ETFC) has been the worst of the online brokerage stock. With some of the crazy mortgage products it offered, it is no wonder. And the stock has paid a price,…