ThinkstockThe U.S. Treasury Department today said that it will collect gross proceeds of $67 million from the sale of shares in 11 banks that received TARP bailout funds following the 2008 financial…
Paul Ausick The preliminary estimates for the damage of Hurricane Sandy seem to be coming in the $5 billion to $10 billion range. This of course can grow, but this is what we have seen…
flickr / gsfcEarlier today we outlined some of the risks which were seen in overseas trading of the Property & Casualty (P&C) insurance sector and for the reinsurance sector. Now we have…
The bailout programs that made up the TARP investments will end up costing taxpayers very little, according to a new Congressional Budget Office report: CBO estimates that the net cost to the…
The Cost of TARP The bailout programs that made up the TARP investments will end up costing taxpayers very little, according to a new Congressional Budget Office report: CBO estimates that the net…
The Value Investing Congress has many value fund managers and market pundits out with their respective stock tips this week. Glenn Tongue of T2 Partners talked up shares of American International Group…
Jon C. Ogg We tracked the short interest in the following NYSE most actively traded stocks: Nokia Corp. (NYSE: NOK), Bank of America Corp. (NYSE: BAC), Advanced Micro Devices Inc. (NYSE: AMD), American International Group…
It’s official! Not only was the U.S. Treasury sale of American International Group Inc. (NYSE: AIG) shares an overwhelming success, the AIG share overallotment was exercised as well. Now the taxpayers are…
Jon C. Ogg American International Group Inc. (NYSE: AIG) should be considered a huge winner on the U.S. Treasury stake sale. The stock did drop marginally on the news, and the shares are being sold at…
Jon C. Ogg George Soros says Germany should back the European Union or leave it. (Reuters) The new Apple Inc. (NASDAQ: AAPL) iPhone could boast fourth-quarter gross domestic product by 0.5%, according to a J.P. Morgan Chase…
Any time a secondary offering from a share sale comes out, most investors just assume that it is a bad development for existing shareholders. That is usually the case because it dilutes…
Jon C. Ogg General Motors Co. (NYSE: GM) loses up to $49,000 on each Chevy Volt. (Reuters) J.P. Morgan Chase & Co. (NYSE: JPM) and Citigroup Inc. (NYSE: C) may change their compensation practices. (Reuters) China…
A South Korean court awards patent victories to both Apple Inc. (NASDAQ: AAPL) and Samsung in a patent dispute. The judges add that Samsung did not violate key iPhone design property. (Reuters)…
The Federal Reserve Bank of New York announced the last sale of the remaining securities in the American International Group Inc. (NYSE: AIG) Maiden Lane III portfolio, and taxpayers might want to…
Jon C. Ogg The press recently had a field day with a report from the “Institute for Policy Studies” about executive pay. The report said the of the 100-highest paid U.S. CEOs in 2011, “26…
