Courtesy J.C. Penney Co. Inc.; photo by Chris RupertAs a fight between major J.C. Penney Co. Inc. (NYSE: JCP) owner Bill Ackman and the balance of the firm’s board rages, the question…
Douglas A. McIntyre ThinkstockFor the second time in as many weeks, key commodities companies have been slapped with lawsuits alleging that the two banks boosted aluminum prices by manipulating warehouse stockpiles. Today’s lawsuit in Florida…
courtesy J.C. Penney Co. Inc.J.C. Penney (NYSE: JCP) denied plausible rumors that CIT Group Inc. (NYSE: CIT) has cut off credit to small vendors of the retailer. The conjecture may be supported by a sharp…
ThinkstockThe recession turned the banks into whipping boys of Main Street, and finding many who feel sorry for the banks is no easy task. The issue that matters for your mutual funds…
ThinkstockSunday’s New York Times story on the shenanigans played by Goldman Sachs Group Inc. (NYSE: GS) at its aluminum warehouse in Detroit is nothing especially new. What is new is that the…
ThinkstockAlmost every major bank has released earnings for the second quarter. Unfortunately, despite the fact that most beat expectations, none has rallied much beyond the improvement in the S&P — at least…
July 16, 2013: U.S. equity markets opened a bit higher this morning but almost instantly turned lower and remained in the red virtually all day. In Europe, Germany’s ZEW economic sentiment survey…
Wikimedia CommonsGoldman Sachs Group Inc. (NYSE: GS) reported second-quarter 2013 results before markets opened this morning. The investment bank and financial services giant reported quarterly diluted earnings per share (EPS) of $3.70…
Paul Ausick July 15, 2013: U.S. equity markets opened slightly higher this morning but the report on U.S. retail sales pushed shares into the red early. A later report on business inventories helped pull stocks out…
ThinkstockSeeing a U.S., Canadian or European bank file to raise cash in a debt offering is generally nothing unusual. But when a bank files for a debt offering this large, it stands…
courtesy Boeing Co.The stock and bond markets are anticipatory. Witness the sharp rise in interest rates when the Federal Reserve has not even tapered its bond buying program, let alone raised key…
U.S. equity markets opened higher this morning after yesterday’s bloodbath. There was no economic data of note released today in either Asia or the U.S. In Europe, the eurozone’s current account surplus…
thinkstockFollowing the disaster at Japan’s Fukushima Daiichi nuclear power plants in 2011, Germany said it would shut down all its nuclear generation and Japan has already closed down all but two of…
Paul Ausick courtesy of Facebook Inc.Factory orders in China, Taiwan and South Korea are off as exports taper down. (Reuters) The federal government starts its case against Apple Inc. (NASDAQ: AAPL) made on the…
courtesy of AOL, IncDefense Secretary Chuck Hagel says he has deep concerns about cyberattacks on U.S. interests. (Reuters) Intel Corp. (NASDAQ: INTC) beats out tough competition to get a chip in the…
