The USDA reports that drought has made a large increase in food prices likely. (Reuters) The government of Changsha in China launches a $130 billion stimulus program. (Reuters) Hackers have effectively attacked…
Carlyle (NASDAQ: CG) may buy a unit of United Technologies (NYSE: UTX). (Reuters) More factories move to the United States as China’s manufacturing costs rise. (Reuters) The CEOs of Apple (NASDAQ: AAPL)…
When Gallup asked people about the state of the economy this spring, as a recovery appeared to have taken hold, the polling company found “nearly half of Americans, 46%, still say the…
Eurozone officials set final terms for a bailout of Spain’s banks. (Reuters) Marissa Mayer will receive as much as $70 million to head Yahoo! (NASDAQ: YHOO). (Reuters) Banks hit by the Libor investigation may…
Yahoo! (NASDAQ: YHOO) appoints Google’s (NASDAQ: GOOG) Marissa Mayer as CEO. (Reuters) A Senate report says that HSBC (NYSE: HBC) handled Iran and drug cartel funds. (Reuters) Many investors do not like Google’s move…
The three major US stock indexes opened lower this morning following some lackluster data on the US economy. The Empire State manufacturing data improved, but retail sales posted an unexpected decline (our…
So far, Citigroup, Inc. (NYSE: C) is getting a favorable reaction to its second-quarter earnings report. The international banking giant’s earnings came in ahead of Wall St. consensus targets from Thomson Reuters,…
The three major US stock indexes opened higher this morning following the release of Chinese GDP and other data. The Middle Kingdom’s GDP grew at a rate of 7.6% in the second…
Wells Fargo & Co. (NYSE: WFC) has managed to beat earnings but it is obviously going to be in second place after J.P. Morgan Chase & Co. (NYSE: JPM). The bank still…
This Friday is going to mark a key earnings day when we get earnings from J.P. Morgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC). These two earnings…
The now-former CEO of Barclays plc (NYSE: BCS), Robert Diamond, has given up his claim on $31 million in stock bonuses after being forced to resign following the scandal over the bank’s…
A consortium led by Sony Corp. (NYSE: SNE) has received US Federal Trade Commission approval to acquire the music publishing arm of EMI from Citigroup Inc. (NYSE: C). Citigroup acquired the business…
J.P. Morgan Chase & Co. (NYSE: JPM) is weak this morning on word that the bank’s trading losses will be much wider than originally reported. The market knew that the loss would…
courtesy Facebook Inc.This week marks the end of the Facebook, Inc. (NASDAQ: FB) analyst quiet period for those many brokerage firms which have analysts who will finally be free to initiate coverage…
Moody’s recent downgrade of 15 of the world’s largest banks, along with JP Morgan Chase & Co.’s (NYSE: JPM) multibillion trading loss, make it clear that certain big banks are just not…
