According to Reuters, Merrill Lynch (MER) plans to lay-off 1,600 people. Reuters writes that US durable goods numbers were worse than expected for November. Reuters writes that Wal-Mart (WMT) will end its…
According to Reuters, housing prices had a record annual drop. Reuters writes that Sallie Mae (SLM) will raise $2.5 billion using stock and convertible notes. Reuters writes that Joseph Lewis has increased…
Whether or not the markets comply going into year-end is a completely different issue. But these brokerage stocks look like they are trying to find a bottom as they throw out all…
According to Reuters, Philips plans to buy-back $7.2 billion in shares. The Wall Street Journal writes that former Treasury Secretary Lawrence Summers believe that the government should put together a $75 billion…
Goldman Sachs (NYSE: GS) has managed to post $7.01 EPS in its fourth quarter report. First Call had estimates of $6.61 EPS and we had a whisper number somewhere in the $7.00…
Douglas A. McIntyre Below is the top news that 247WallSt.com is focusing on that is impacting stocks in pre-market trading activity: Adobe Systems (ADBE) traded down 2% after beating earnings and slightly raised guidance. ATS…
According to Reuters, December home builder sentiment hit a new low. Reuters writes that PC chip makers may have hit a bottom and hope for a recovery in the first half of…
Goldman Sachs (GS) has raised $10 billion to start a new hedge fund. According to Bloomberg: "Goldman Sachs Investment Partners, set to open Jan. 1, is being run by traders who previously…
Douglas A. McIntyre According to Reuters, the pace of holiday spending dropped off in late November and early December. Reuters writes that Ingersoll-Rand (IR) is buying Trane (TT) for $10.1 billion. Reuters writes that chip…
Goldman Sachs Group, Inc. (NYSE: GS) has launched the first index that will allow the market to measure, manage, and trade exposure to longevity and mortality risks in a standardized, transparent, and…
Douglas A. McIntyre The bankers at Goldman Sachs (GS) must be selected from Mensa. When Wall St. bets the wrong way, Goldman takes the other side of the trade and makes billion. The firm is…
Douglas A. McIntyre According to Reuters, Citigroup (C) will take $49 billion of SIVs onto its balance sheet. Reuters writes that Nissan and Chrysler may begin to partner in building new cars Reuters reports that…
Word out yesterday was that Richard Fuld, CEO of Lehman (LEH), would make $35 million for his year’s work. Lehman stock is down over 20% this year. But, the company’s board probably…
According to Reuters, Paulson says that China is picking up the pace of the yuan rise. Reuters writesThe Asian Development Bank cut growth rates for countries in Asia including China Reuters reports…
We are set to get the highly awaited earnings report out of Lehman Brothers (NYSE: LEH) on Thursday morning, and this could be the largest catalyst for brokers and financial stocks since…
