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…
Updated throughout the day Itochu may join KKR (NYSE: KKR) in Samson Investment bid of $7 billion (Reuters Bank of America (NYSE: BAC) will face regulator action if efforts to bolster its…
Barron’s reports that Bank of America (NYSE: BAC) shares are back to where they traded at the bottom of the market in March 2009–$5.49. The Wall Street Journal reports that regulators may…
Douglas A. McIntyre Hewlett-Packard (NYSE: HPQ) posts mediocre earnings but says it hopes to steady its businesses over the balance of the year. (Reuters) Store chains will have to offer large discounts to lure shoppers.…
Greek citizens stage large protests. (Reuters) Citigroup (NYSE: C), Bank of America (NYSE: BAC) and Morgan Stanley (NYSE: MS) could be affected when S&P updates its credit ratings on the world’s 30 largest…
Fitch is warning that U.S. banks could be adversely affected unless the Eurozone debt crisis “is resolved in a timely and orderly manner.” The mention is a warning that the credit outlook…
Facebook hit by a bug that put porn and graphic violence images onto many pages. (Reuters) Apple (NASDAQ: AAPL) names Walt Disney (NYSE: DIS) CEO Robert Iger to its board. (Reuters) Dell…
The economic choppiness is coming to a head with the age of dividend hikes. The pressure is going to remain for companies to continue returning capital to shareholders while also looking for…
Paulson & Co. Inc. is another hedge fund group that investors use for Whale Watching, although this last quarter was not exactly kind to Mr. Paulson’s billions… The current 13F report shows…
Zerohedge: Goldman On German Q3 GDP: “Last Hurrah Before The Recession” http://tinyurl.com/bu4pcxe NYT: Buffett Amasses 5.5% Stake in IBM http://nyti.ms/uXmB1B CNBC: $BAC to sell about 10.4 B Shrs Of China Construction Bank;…
Berkshire Hathaway Inc. (NYSE: BRK-A) is set to release its third quarter’s full investment holdings very soon in an SEC filing. An unusual pre-release interview was given by Warren Buffett to CNBC…
After a period in which short sellers backed out of stocks in troubled companies, the have rushed into them again. The short interest in Research-In-Motion (NYSE: RIMM), battered by competition from Apple…
