S&P downgrades Spain and presses for EU action on debt. (Reuters) The U.S. economy slows as inventories fall. (Reuters) The Bank of Japan increases yen purchases to 10 trillion. (Reuters) U.S. companies…
Diabetes drug maker Amylin Pharmaceuticals Inc. (NASDAQ: AMLN) has hired bankers and lawyers to help the company find a buyer. In February Amylin turned down a $3.5 billion ($22/share) offer from Bristol-Meyers…
Markets opened higher this morning and by late-morning equities were trading down about 1.5% across the board, where they have mostly remained for the rest of the day. An upbeat auction on…
Chesapeake Energy Corp. (NYSE: CHK) will spin-off its wholly-owned oilfield services business into a new company to be called Chesapeake Oilfield Services Inc., which will trade on the NYSE under the stock…
Argentina may take control of huge energy company YPF. (Reuters) Spanish debt costs continue to rise. (Reuters) The International Monetary Fund will try to raise $400 billion, much less that previously planned. (Reuters)…
Google (NASDAQ: GOOG) released its open source operating system in September 2008. It is too bad Google’s patent counsel did not look more carefully at whether the software violated patents and the copyrights of…
Concerns about Spain and Italy renew capital markets’ rejection of area debt. (Reuters) Best Buy (NYSE: BBY) will have to bring in an outsider to change the company’s old philosophy. (Reuters) The…
The total 2011 compensation package for Goldman Sachs Group Inc. (NYSE: GS) CEO Lloyd Blankfein was chopped by $6.7 million to $12.4 million, 35% below his 2010 total pay of $19.1 million.…
GS.COMGoldman Sachs Group Inc. (NYSE: GS) just seems as though it cannot get out from under the negative spotlight. The Securities and Exchange Commission charged that the brokerage and trading firm (or bank…
Jon C. Ogg This week will be the start of earnings season as we get to start reviewing some key earnings for first quarter of 2012. The banking sector is going to be of particular…
Wells Fargo & Company (NYSE: WFC) has now launched its Abbot Downing financial services that aims to serve the ultra-high net worth sector of wealthy Americans. The move will instantly look similar…
Europe moved closer to raising the value of all of its bailout funds to a total of $1.3 trillion. Many economists believe that sum will calm the global capital markets. Worry remains that…
The heads of the BRIC nations say the pace of IMF-led reforms concerns them. (Reuters) Facebook cuts trading of its stock in the secondary markets. (Reuters) The board of Goldman Sachs (NYSE: GS)…
Dollar General Corporation (NYSE: DG) was previously in the news for announcing a secondary offering of 25 million shares. The offering has now priced at what seems a fair discount for the…
Concerns about a slowdown in China’s economy and the effect it will have on the earnings of big companies based there have begun to hammer the stock market. The Shanghai Composite suddenly fell 2.7%…
Douglas A. McIntyre 
