Remember those mortgage bonds the Federal Reserve bought when it bailed out American International Group, Inc. (NYSE: AIG). Today the NY Fed sold $7.01 billion worth of the bonds to Credit Suisse…
Yahoo! (NASDAQ: YHOO) founder and former CEO Jerry Yang leaves the company’s board. (Reuters) The World Bank sharply cuts global growth forecasts. (Reuters) Greece and private creditors race to settle on a…
US equities opened lower this morning, weighed down by an undistinguished earnings report from JPMorgan Chase & Co. (NYSE: JPM). More coverage here. Markets in Europe and Asia were higher on the…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Friday (the 13th) morning. American International Group, Inc. (NYSE: AIG) Started…
Customers, employees, shareholders and taxpayers hate large corporations for many reasons. 24/7 Wall St. reviewed a lengthy list of corporations for which there is substantial research data to choose the 10 most…
TPG may invest $1 billion in troubled Olympus. (Reuters) President Obama to ask for a $1.2 trillion increase in the national debt ceiling. (Reuters) China’s foreign currency reserves drop to $3.18 trillion,…
A number of economists believe the U.S. debt burden, budget problems, recession and lack of growth will soon be the same as those now facing many EU nations. This would mean that…
Congress makes a deal to keep payroll taxes low and unemployment benefits in place for two more months. (Reuters) The U.S. approves a Deutsche Boerse deal to merge with NYSE Euronext (NYSE: NYX). (Reuters)…
Some companies just want to keep bringing on new share buybacks whether they work or not. Some are to stop dilution from acquisitions or employee stock options, while others are to reduce…
These are some of Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Alcatel-Lucent SA (NYSE: ALU) Cut to Sell at Citigroup; Cut estimates and target at Argus.…
Greece may kill a referendum to get an EU bailout and its prime minister may resign in the process. (Reuters) Groupon (NASDAQ: GRPN) raises $700 million with its IPO. (Reuters) Sales at…
There is some food for thought in the world of alternative energy against the hatred of banks. It is a very painful observation, but it is turning out to be that the…
Although the month of October put up a big gain in the S&P 500 stocks, for the year-to-date S&P stocks have risen just 1.2%. The ten worst performers have all lost more…
Updated throughout the day The US government could delay its sale of AIG (NYSE: AIG) shares until their price improves (WSJ) MF Global may sell assets to Interactive Brokers Group as it…
Douglas A. McIntyre Japan acts to lower the yen before the upcoming G20 meeting. (Reuters) Beacon Power (NASDAQ: BCON), backed by U.S. funds, goes bankrupt. (Reuters) Young and well-educated Greeks begin to leave the country.…
