Updated throughout the day. Shares of Actelion are up on takeover rumors (Reuters) KKR (NYSE: KKR) is about to buy Del Monte (NYSE: DLM) (Reuters) Pacific Investment Management Co (PIMCO) will raise $1…
The recorded music business has been getting beaten up for the last decade or so, starting with the original release of Napster in the late 1990s. Music industry executives decided that they’d…
It is 13F season and investors are looking to see what their favorite gurus are up to. While everyone is looking at the slew of Buffett portfolio changes, it is John Paulson…
Short sellers moved into the shares of large financial firms, perhaps sensing the effects of new regulation and an exit from proprietary trading businesses. The short interest in Citigroup (NYSE: C) rose…
Updated throughout the day. Aol (NYSE: AOL) has hired investment bankers to look at strategic option which may include a bid for Yahoo! (NASDAQ: YHOO) (WSJ) Sara Lee (NYSE: SLE) is close…
Chine criticized the US for its QE2 program because it believe the move will add to much liquidity to emerging markets. (Reuters) Regulators have begun to examine Citigoup debt funds to see…
It is no surprise that after a stock market rally that investors want more of a rally. Dow Theory has been confirming the market rally with gains in transportation and industrial stocks,…
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Updated throughout the day. Bank of America (NYSE: BAC) is under to buy back sour mortgages that it syndicated (NYT) Bank of America and Citigroup (NYSE: C) have begun to test Apple…
The Federal Reserve may allow some of the nation’s strongest banks to raise their dividends. (Reuters) The S&P and DJIA hit 2 year highs. (Reuters) China attacked the US over its plans…
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Applied Signal Technology, Inc. (NASDAQ: APSG), Arena Pharmaceuticals, Inc.…
These are some of this Monday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Altera Corp. (NASDAQ: ALTR) Started as Hold at Deutsche Bank. Ansys Inc. (NASDAQ: ANSS)…
Financial regulatory measures may have finally caught up to the ability of some large banks to stabilize their balance sheets. This problems sits side-by-side with the foreclosure document scandal which has left…
Wells Fargo & Co. (NYSE: WFC) managed to beat earnings this morning. Warren Buffett’s favorite bank posted a gain of 19% in net income of $3.15 billion, translating to $0.60 EPS on…
Reuters: Wall St. was disappointed by Yahoo!’s (NASDAQ: YHOO) revenue forecast. Reuters: French police unblocked the fuel deposites held by strikers against auterity. Reuters: The CEO of Research In Motion (NASDAQ: RIMM)…
