The latest rumor on Wall St. is that Washington Mutual (WM) will be auctioned off and has retained Goldman Sachs (GS) to handle the deal. According to The New York Times, Wells…
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for two years in exchange for a 79.9% stake. Reuters says that Barclays…
AIG (AIG) managed to lose 60% of its market value today. At one point the stock was off 70%. A partial rescue came in the form of permission from New York State…
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me Shall be my brother; be he ne’er so vile… Saint…
Lehman (LEH) may or may not open for trading on Monday morning. A number of experts believe that the broker’s problems must be resolved before Asia markets open, or that a panic…
The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division of GMAC said it would let 5,000 people go. According to MSNBC,…
The Commerzbank buy-out of Dresdner Bank was not a shotgun wedding. Neither institution was failing. The severe balance sheet problems facing may other global money center banks were not an important consideration.…
According to Reuters, Singapore sovereign fund Temasek say it sees value in US and UK stocks. Reuters writes that two large bond investors may get involved in raising capital for Fannie Mae…
In the latest installment of the "Batman" film series, loyal butler Alfred tries to explain the behavior of some of the most depraved criminals. He points out to a befuddled Bruce Wayne…
This morning there was a rather long CNBC interview where Becky Quick got to interview Berkshire Hathaway’s (NYSE: BRK-A) Warren Buffett live in Omaha. He noted specifically that the economic weakness was…
It is not hard to blame Goldman Sachs (GS) for failing to cut its own earnings estimates for the next quarter and the full year. That kind of action by analysts is…
According to Reuters, Ford (F) will build a news luxury crossover vehicle. Reuters writes that Merrill Lynch (MER) will freeze all hiring through the end of the year. Reuters reports that the…
According to Reuters, Greenspan says the housing market should bottom in 2009. Reuters writes that US auto makers are scrambling to make more fuel-efficient cars. Reuters reports that the SEC is close…
These are some of the top analyst upgrades and positive calls we are seeing this Tuesday morning: Alaska Air (ALK) Raised to Overweight at JPMorgan. AMR Corp. (AMR) Raised to Overweight at…
According to Reuters, JP Morgan (JPM) lost $1.5 billion in July. Reuters writes the UBS (UBS) posted a huge loss and will split itself into a wealth management operation and an investmen…
