Financial concerns about Italy have raised the issue of a breakup of the eurozone. (Reuters) China’s October imports rise but exports are weak. (Reuters) A deal to name a new prime minister…
Updated throughout the day. Goldman Sachs (NYSE: GS) may sell its piece of the Industrial and Commercial Bank of China for as much as $1.54 billion (Reuters) Carlyle Group has cut fees…
Douglas A. McIntyre Last Friday at the meeting of the G20 in Cannes, the Financial Stability Board (FSB) revealed a list of 29 global systemically important financial institutions (known as the G-Sifis). These institutions are…
The fate of Greece remains undetermined. Rumors are that Prime Minister George Papandreou will leave as part of a brokered agreement to get the opposition party to support austerity measures. There are…
MF Global Holdings (NYSE: MF) became the first U.S. casualty of the European sovereign debt crisis, filing for Chapter 11 bankruptcy on Monday. Chairman and chief executive Jon Corzine has yet to acknowledge…
Nearly lost in the news that MF Global (NYSE: MF) has collapsed under the strain of poor gambles about the EU’s future were announcements from larger banks that will cut their staffs.…
To say that MF Global Holdings Ltd. (NYSE: MF) is in trouble might be the understatement of the year. The commodities and derivatives broker has reportedly been caught on the wrong side…
Updated throughout the day. Rajat Gupta, formerly a board member of Goldman Sachs (NYSE: GS) will face criminal charges for insider trading (Reuters) Nintendo will have a first half loss of $1.3…
Douglas A. McIntyre GS.COMGoldman Sachs Group Inc. (NYSE: GS) stunk this week when it reported one of its few operating losses ever. What is interesting is that shares have risen with the banking sector. The…
Jon C. Ogg Moody’s downgrade of Spain puts more pressure on the EU to address its sovereign debt crisis. (Reuters) Several large shareholders may fight to oust part of the News Corp. (NYSE: NWS) board.…
Zerohedge: Corporate Margin Squeeze Coming As Producer Prices Soar 0.8% On Expectations Of 0.2% WSJ: U.S. wholesale prices rose across the board in September, up 0.8%. Excluding food and energy, prices rose…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning. Alcoa Inc. (NYSE: AA) Started as Buy at Stifel Nicolaus. Baker…
Philips Electronics may be unable to shed its TV operation and will fire 4,500. (Reuters) Kinder Morgan (NYSE: KMI) to buy El Paso (NYSE: EP) for $21 billion and will save $250…
Jon OggEarnings season is upon us and so far things are shaping up either a bit better, or less-bad, than what the news reports and headlines might have led investors to believe.…
Each morning 24/7 Wall St. compiles a summary of the analyst upgrades, downgrades and initiations seen from Wall St. research firms that are having an impact on stocks. At the end of…
