The US Department of Energy in early September approved a conditional loan guarantee of $275 million to Bank of America Corp. (NYSE: BAC) and its BofA/Merrill Lynch division to support the installation…
Paul Ausick Corporations can spend hundreds of million dollars just so they can put their name on a major league sports stadiums. 24/7 Wall St. looked that the 13 largest stadium-naming rights deals and…
Standard & Poor’s is at it again… more downgrades and this time in the ailing banking sector. While we focused solely on the U.S.-based banks here, the downgrade was handed aimed at…
Bank of America Corporation (NYSE: BAC) has not done well with a good market nor with a bad market. The big gap-up Monday was sold off and now the lows on Tuesday…
Jon C. Ogg S&P may cut its outlook on France’s AAA debt. (Reuters) A judge blocks the $285 million settlement between Citigroup (NYSE: C) and the SEC. (Reuters) Amazon.com (NASDAQ: AMZN) says Kindle sales rose…
Bank of America (NYSE: BAC), Morgan Stanly, and other huge banks have begun settlement talks with MBIA over billions the bond insurer lost on paper during the 2008 crash
The super-low bank P/E ratios may be showing something of a question. J.P. Morgan Chase & Co. (NYSE: JPM), Bank of America Corporation (NYSE: BAC) and others top banks may have a…
US indices rose over 3%. The DJIA was higher by 2.83% to 11,549. The NASDAQ was higher by 3.58% to 2,529. The S&P was up by 3.23% to 1,196. The stocks of…
The Thanksgiving/Black Friday weekend yielded much better retail figures that expected. This signals that retail sales could return to the robust level of the mid-2000s, before the recession began. That, in turn,…
The new proposed stress tests are just one more thorn in the side for the banking sector, but analysts from Dick Bove to Meredith Whitney, as well as value and bargain investors and…
The purchasing managers indices of China, German and France all signaled slow growth or contraction in November. It is a sign that demand for exports and consumer expenditures are in free fall. China and…
The Federal Reserve has set the rules for its Comprehensive Capital Analysis and Review for 2012. The stress test will be based on extremely harsh economic conditions. For America’s largest financial firms,…
China’s factory activity reaches a 32-month low. (Reuters) Merck (NYSE: MRK) pays $950 million to settle Vioxx charges brought by the government. (Reuters) FCC head wants more examination of the AT&T (NYSE:…
A drop of 8% in GDP, 13% unemployment, and another period of interrupted access to the capital markets… Those are just some of the new Federal Reserve stress test scenarios which banks will…
This may be a short and choppy week, but we have many bits of news for active traders and day traders this Tuesday morning. We have included news and given a summary…
