We are entering the closing stretch of 2013, and Wall St. is starting to make its adjustments for 2013 S&P 500 price targets. As 2013 gets closer we will make adjustments to…
thinkstockWal-Mart Stores Inc. (NYSE: WMT) India suspends some employees as it begins a bribery investigation. (Reuters) PMI data for Europe drops to 2009 lows. (Reuters) S&P confirms its AA+ rating of France…
courtesy of AOLAs a Justice Department investigation of Deepwater Horizon continues, BP PLC (NYSE: BP) may pay a record fine for the results of the disaster. (Reuters) Qatar says it would back…
thinkstockAdvanced Micro Devices Inc. (NYSE: AMD) has hired J.P. Morgan Chase & Co. (NYSE: JPM) to explore options, which may include the firm’s sale. (Reuters) Federal Reserve Vice Chair Janet Yellen says…
The U.S. Federal Reserve Bank and other U.S. bank regulators said this morning that new regulations related to capital reserve requirements for the country’s banks will be delayed beyond the current January…
ThinkstockElection Day has come and gone. President Obama won a second term. The current electoral vote was by a margin of about 3 to 2 (unofficial), but the percentage last seen was…
thinkstockAmazon.com Inc. (NASDAQ: AMZN) will be able to sell cheaper e-books. (Reuters) Amazon is likely to win its showdown of e-books in Europe with Apple Inc. (NASDAQ: AAPL) as the loser. (Reuters)…
Wikimedia CommonsGoldman Sachs Group Inc. (NYSE: GS) has trimmed the number of partners at the firm to 407, according to a report from Reuters. In February the firm listed 438 partners. The…
Paul Ausick Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseThe Financial Stability Board released its evaluation of G-SIBs. Another way to put that is a review of the financial health of “systemically…
Environmental cleanup firm Clean Harbors Inc. (NYSE: CLH) announced this morning that it has signed a definitive agreement to acquire privately held Safety-Kleen Inc. in an all-cash deal worth $1.25 billion. Safety-Kleen…
Internet security firm Palo Alto Networks Inc. (NYSE: PANW) this morning priced a secondary offering of 4.8 million shares at $63 a share, about 4% below last night’s closing price of $65.50.…
In the long history of poor management decisions made at major American companies, only a few proved to be fatal. It is hard to ruin a company with a single decision. That…
The three major U.S. stock indexes opened higher this morning following a report that economic sentiment in Germany came in better than expected (more coverage here) and that U.K. inflation was lower…
GS.COMThe Goldman Sachs Group Inc. (NYSE: GS) is out with earnings that look significantly better than estimates on the headlines. The investment banking giant is also boosting its dividend. Earnings came in…
Jon C. Ogg The three major U.S. stock indexes opened higher this morning, aided by a better-than-expected report on U.S. retail sales and a smaller-than-expected rise in the Empire State manufacturing survey (more coverage here).…
