The Facebook (NASDAQ: FB) IPO mess has worsened considerably in just 24 hours. The federal government will examine why analysts at Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) lowered their…
Douglas A. McIntyre courtesy Facebook Inc.Facebook Inc. (NASDAQ: FB) shares are ticking back up as we approach noon today. Nearly 56 million shares have traded hands so far this morning, making it today’s second most…
Paul Ausick These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday. Avon Products Inc. (NYSE: AVP) Cut to Sell at UBS. Bank of America…
The latest NABE Outlook Survey shows improved expectations for the economy. The data are based on the consensus of macroeconomic forecasts from a panel of 54 professional forecasters and they cover the outlook for…
Douglas A. McIntyre Alibaba buys back a 20% share held by Yahoo! (NASDAQ: YHOO) for a combination of cash and preferred shares worth $7.1 billion. (Reuters) The heads of Samsung and Apple (NASDAQ: AAPL) will discuss…
Rajat K. Gupta, a former head of McKinsey & Co, and director of Goldman Sachs (NYSE: GS) will go on trial for insider trading. He will sit in Federal District Court today…
Douglas A. McIntyre Finally we are going to get stop hearing about the IPO of Facebook, Inc. (NASDAQ: FB). This is the largest IPO of its kind ever and appears to be the third largest…
Jon C. Ogg The Senate Banking Committee soon will examine and cross-examine JP Morgan (NYSE: JPM) CEO Jamie Dimon. It will be a chance for politicians to say how irresponsible large financial firms are, how they trade for…
The European Central Bank no longer offers help to Greek banks it believes are insolvent. (Reuters) Some brokerage firms stop taking orders for Facebook shares. (Reuters) Japan’s gross domestic product rises 3.5%…
Protestors in various cities around the world are “occupying” any parks and streets they can find, to some extent to protest the success of big business as it contrasts the fortunes of…
Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK-A), during the firm’s annual meeting, claimed that he looked at a huge buyout recently, which would have cost $22 billion. Buffett says he did not make a deal…
This weekend has perhaps the most widely followed annual meeting from any public company in America as Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) will have its shareholder meeting in Omaha, Nebraska. …
Facebook sets its IPO to raise more than $10 billion. (Reuters) The California State Teachers’ Retirement System (CalSTRS) files suit against Walmart (NYSE: WMT) over bribery allegations in Mexico. (Reuters) Greek elections…
The Wall Street Journal reported a rumor that Bank of America (NYSE: BAC) will cut as many as 2,000 jobs primarily at its investment bank and commercial units. If this happens it…
BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion in settlements with…
