Updated throughout the day. “The Securities and Exchange Commission is examining whether firms that collect fees for funneling investors into hedge funds are properly overseeing client money” (WSJ) “In the Securities and…
Douglas A. McIntyre WSJ: The CEO of Nokia (NYSE: NOK) left the company. Reuters: BP plc (NYSE: BP) will delay Q3 results as it accounts for costs of the oil spill. Reuters: The SEC has…
Nearly every stock and ADR/ADS of European banking stocks are lower so far on Tuesday over concerns over debt levels and downside levels of recent stress tests not factoring in the right…
When historians write the definitive account of the Great Recession in coming decades, one of the major questions they will tackle is why the government decided to allow Lehman Brothers go bankrupt…
Reuters: UBS (NYSE: UBS) and Deutsche Bank (NYSE: DB) posted good earnings. Reuters: The EU opened antitrust investigations into IBM (NYSE: IBM) Reuters: Ask.com, owned by IACI (NASDAQ: IACI), will use humans…
After watching and looking through the EU Stress Test that was due today, we are so far seeing a rally in all the banks we had mentioned earlier as banks to watch. …
The E.U. bank stress tests are due at 12:00 PM EST today, an interesting time considering that the U.S. will be the only active market. Many of the top banks are lower…
After weeks of downgrades following charges of civil fraud, Goldman Sachs Group Inc. (NYSE:GS) got some good news this morning. Analysts at fellow banker JP Morgan Chase & Co. (NYSE:JPM) raised Goldman’s…
These are some ten the top analyst upgrades, downgrades, and initiations seen from Wall Street research early this Tuesday: Apple Inc. (NASDAQ: AAPL) estimates cut at Kaufman. Bank of America Corporation (NYSE:…
Reuters: BP plc (NYSE: BP) had warning signs of pressure on its Deepwater Horizon rig. Reuters: Geithner went to Europe to press for more reform. Reuters: The Qatar sovereign wealth fund wants…
Updated throughout the day. The NY Attorney General is probing the relationship between eight banks and ratings agencies. The financial firms include Goldman Sachs, Morgan Stanley, UBS, Citigroup, Credit Suisse, Deutsche Bank, Crédit Agricole…
The Wall Street Journal reports that J.P. Morgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Deutsche Bank AG (NYSE:DB) and UBS AG are under investigation for allegedly having “misled investors about their roles…
NYT: NY Attorney General is investigating eight banks for allegedly providing misleading information about mortgage instruments to rating agencies: The Goldman Sachs Group (NYSE: GS), Morgan Stanley(NYSE: MS), Deutsche Bank (NYSE: DB),…
Twitter has, by most estimates, 100 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…
Reuters: The economy probably added 5,ooo jobs last month. Reuters: Kraft (KFT) gained control over 75% of Cadbury shares. Reuters: Toyota (TM) may recall the Prius. Reuters: Publishers and Amazon (AMZN) are…
