John Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way down. But the financial world found out in August that Paulson &…
Updated throughout the day. Updated 10.30 AM EST: PALM (NASDAQ:PALM) shares are up on speculation that Dell (NASDAQ:DELL) or Nokia (NYSE:NOK) will buy the faltering handset firm (VSInvestor) Former Goldman Sachs (NYSE:GS)…
Jon Corzine recently lost the gubernatorial race in New Jersey. He is also a very wealthy Wall Streeter that is a former disciple of Goldman Sachs Group Inc. (NYSE: GS). He is…
Updated throughout the day. Ebay (NASDAQ:EBAY) PayPal profits will increase sharply in Q4. (TheStreet) A former lead director at Bank of America (NYSE:BAC) is pushing for the firm to pick an insider as the…
Reuters: China is the key stop on Obama’s tour of Asia. Reuters: South Korea’s businesses may start to feel more pressure from China competitors.. Reuters: Hewlett-Packard (NYSE:HPQ) bought 3Com (NYSE:COM) for $3.1…
Short sellers have bought into the notion that the financial industry is in full recovery. Shares sold short in Wells Fargo (NYSE:WFC) fell 8% to 78.8 million shares. Shares short in CIT…
Yesterday, the Federal Reserve reported that 9 out of 10 bank holding companies that were required to raise additional capital to bolster their balance sheets have successfully done so. The Supervisory Capital…
Updated throughout the day. The New York Yankee victory in the World Series could help stock prices (various) Oracle (NASDAQ:ORCL) could drop its deal to buy Sun (NASDAQ:JAVA) in the face of…
Angelo Mozilo, the former CEO of Countrywide Financial which was bought by Bank of America (NYSE:BAC), tried to get out of facing government fraud charges, US District Judge John Walter told Mozilo that…
Douglas A. McIntyre Updates throughout the day. Updated 10.33 AM EST: Royal Bank of Scotland may have to divest its majority interest in the RBS Sempra Commodities joint venture. (The Deal) Bank of America (NYSE:BAC)…
Reuters: The value of the yuan could cause a trade war between the US and China. Reuters: Executive pensions rose despite drops in stock prices. Reuters: Lloyds will make a large stock…
Updated throughout the day. Updated 1.05 PM EST: Las Vagas Sands (NYSE:LVS) will try to raise $2.5 billion though an IPO in Hong Kong (AP) Updated 11.12 AM EST: Pfizer (NYSE:PFE) is…
Reuters: Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy. Reuters: Summers will lead a high level meeting on the economy. Reuters: US companies are holding more cash. Reuters: …
Updated throughout the day. Updated 10.45 AM EST There is not as much cash on the sidelines as most investors expect. (Reuters) Yahoo! (NASDAQ:YHOO) has frozen hiring on the team evaluating integration…
Reuters: House Democrats unveiled their healthcare bill. Reuters: Senators may extend home purchase credits until April. Reuters: China will launch a case against The Big Three auto companies. Reuters: Galleon paid Wall…
