Yesterday, Bank of America (BAC) said it would miss its 2008 numbers. There has been a good deal of talk that Jamie Dimon will be pulled off his thrown at JPMorgan (JPM)…
According to Reuters, Alcoa (AA) will fire more than 13,000 people. Reuters reports that Apple (AAPL) disappointed with no Jobs or big announcements at Macworld. Reuters reports that GM (GM) says government…
The Wall Street Journal has gotten a hold of some internal documents from Bank of America (BAC) which say that CEO Kenneth Lewis and his top people will not take bonuses. There…
Douglas A. McIntyre Down in Washington, a bunch of Congressmen who lost their jobs and bunch of others taking lobbying money under the table for a piece of the bailout fund, are drawing and quartering…
It looks like we have our most likely candidates for the "Dogs of the Dow" for 2009. This is often misunderstood as an investment vehicle. These are the 10 highest dividend-yielding stocks…
At some point all stocks get too cheap. Enron go too cheap. So did Fannie Mae (FNM) and Freddie Mac (FRE). The next round of company shares that appear to be bargains…
The Dogs of the Dow are often misunderstood as an investment vehicle. These are technically the 10 highest dividend-yielding stocks out of the 30 DJIA components. The formal list of the ten…
If investors had a notion that short sellers were going to stay in big financials, they were wrong. Short interest in the weakest companies in the sector dropped. Shares short in Citigroup…
Last October, Bank of America (BAC) cuts its dividend in half to $.32. Citigroup (C) has taken its down to a penny a share. There are not may reasons to invest in…
The board of AllianceBernstein (AB), controlled by majority shareholder AXA, dumped longtime CEO Lew Sanders. The stock has been way down recently. Over the last year it is off over 70%, but…
Most members of Congress are still remarkably upset that Paulson too the first half of the TARP money and used it for purposes much different than the ones he first set out.…
Henry Paulson wants the $350 billion still left in the TARP funding from Congress. He says the last part of the first $350 billion is going to Detroit. His logic seems to…
According to MarketWatch, "Standard & Poor’s cut the credit rating or outlook of 12 major U.S. and European financial institutions Friday, saying the move reflected its view of the significant pressure on…
Despite all the capital the Treasury has put into large US banks, their stocks may be about to make new multi-year lows. While the housing market is still hurting their derivative holdings,…
According to Reuters, the auto bill died in the Senate and there will be no more action this year. Reuters reports that the Bank of America (BAC) will cut as many as…
