AIG Subprime Bonds Go On Sale (AIG, BCS, CS, GS, MS)
Five big banks have been invited by the Federal Reserve Bank of New York to bid on a stack of subprime paper with an unpaid prinicipal balance of $6 billion that was…
Five big banks have been invited by the Federal Reserve Bank of New York to bid on a stack of subprime paper with an unpaid prinicipal balance of $6 billion that was…
Glencore and Xtrata agree to a $90 billion merger. (Reuters) Greek leaders face a deal for settling sovereign debt matters as workers strike. (Reuters) Toyota (NYSE: TM) posts good third-quarter profits and…
Bank of America Corp. (NYSE: BAC) has apparently given up on its effort to sell its credit card business in the UK and Ireland, which is operated under the MBNA Europe name.…
Eugene Isenberg, the chairman and former CEO of Nabor Industries (NYSE: NBR), will drop his claim to a $100 million compensation package. The deal has been attacked by shareholder activists and the press The…
It is rare for one of America’s largest companies to lose a third or more of its sales in a brief time. When it happens, it is usually either because of market…
Over the last ten years, the US Securities and Exchange Commission (SEC) has offered nearly 350 waivers to the country’s biggest banks in cases when the banks might be punished for fraud,…
The social media hype around the Facebook IPO is driving many shares in the sector of online social media. Some of the Halo-effect may not even be deserved, and this has all…
Facebook, Inc. has now filed its paperwork with the SEC which will allow the social networking giant to conduct an initial public offering. It should be no real surprise that financial terms…
Everyone is awaiting an S-1 Filing from Facebook. It is the talk of the entire financial community and it is going to be one of the most anticipated IPOs ever rather than…
Goldman Sachs Group Inc. (NYSE: GS) has come out with a set of upgrades in the bank and brokerage sector this morning. These are the sort of calls that when a firm…
Jon OggThis last week brought many new analyst calls in key stocks. At the end of each week we review research calls looking for the best gems, the calls that made serious…
Facebook is now rumored to be filing its IPO paperwork as soon as next week. The ‘rumor’ is coming out of a report from the Wall Street Journal that Morgan Stanley (NYSE:…
Markets opened mixed this morning, with the DJIA and S&P 500 opening lower and the Nasdaq Composite opening higher. The Nasdaq was getting a big push from the very strong earnings report…
Updated throughout the day at The Wire Sony (NYSE: SNE) may make a $1.3 billion investment in troubled Olympus (Reuters) Goldman Sachs (NYSE: GS) is about to sell its London headquarters for…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Wednesday morning. DaVita, Inc. (NYSE: DVA) Raised to Outperform as Bull…