General Electric Co. (NYSE: GE) is making good on a promise it made earlier this year: it is paying back Warren Buffett. An SEC filing after the closing bell shows that GE…
Bank of America (NYSE: BAC) will need a new CEO soon, if the market’s reaction to the current plans of chief executive Brian Moynihan remains poor. Moynihan has said he will cut…
This morning’s report that Citigroup Inc. (NYSE: C) has downgraded its fellow banks’ earnings was based on fears that the European banking system is facing severe pressure from economic weakness on the…
Major banks and brokerage firms do not cover their own banks, for obvious reasons of conflicts of interest. They do, however, cover their peers and rivals. Many investors believe that the banks…
Carol Bartz resigns from Yahoo!’s (NASDAQ: YHOO) board. (Reuters) Lagarde disputes reports of an IMF study that shows a $372 billion capital shortfall among Europe’s banks. (Reuters) Bank of America’s (NYSE: BAC)…
Yahoo! Finance: Economic gloom piles pressure on G7 finance talks USA Today: Reports: Bank of America could cut at least 28,000 jobs Zerohedge: MCDONALD’S AUG. U.S. EUROPE COMP SALES UP 2.7%, EST.…
Updated throughout the day. Bank of America (NYSE: BAC) will cut 40,000 jobs (WSJ) Nasdaq OMX (NASDAQ: NDAQ) will press its objections about the NYSE (NYSE: NYX) merger with Deutsche Borse (WSJ)…
Obama proposes a $447 billion job stimulation package. (Reuters) Economic problems to be the focus of G7 meetings. (Reuters) One Super Congress member threatens to quit over concerns about military budget cuts.…
To say that Bank of America Corporation (NYSE: BAC) is under pressure remains the understatement of 2011. The DJIA industrial average component is under attack from every angle. It is now under…
Jon C. Ogg The US Department of Energy has issued a conditional commitment for a partial guarantee of a $344 million loan for solar PV installer SolarCity. The company will install rooftop solar PV systems…
Facebook’s first half revenue doubles from a year ago. (Reuters) Fitch warns about downgrades of China and Japan. (Reuters) Department of Defense officials warn of cuts in the sum the government pays…
Bank of America (NYSE: BAC) has announced another management reorganization that seems to do nothing to solve the bank’s balance sheet and legal problems. That makes the new structure useless. Tom Montag…
Douglas A. McIntyre Yahoo! (NASDAQ: YHOO) CEO Carol Bartz fired over the phone. (Reuters) Obama may propose a $300 billion employment package with tax cuts and new expenditures to train workers. (Reuters) Pressure increases on…
Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) may settle charges made by several states over “robo-signing” practices. (FT) Lockheed Martin (NYSE: LMT)…
It is Bank of America’s (NYSE: BAC) turn to sell off 10%. Deutsche Bank dropped 8.9% in trading today. Royal Bank of Scotland fell 12.3%, and Societe Generale 8.6%. The reasons for…
Douglas A. McIntyre 