According to Reuters, banks may be hard hit by the bankruptcy of General Growth (GGP) and future commercial real estate defaults. Reuters reports that VW may overtake Toyota (TM) as the No.1 car…
According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential. Reuters reports that the Fed says its current plan is to prevent…
According to Reuters, HSBC (HBC) has a successful rights offering to raise $18.9 billion. Reuters reports that a deal for IBM (IBM) to by Sun (JAVA) is near collapse. Reuters writes that…
One of the largest casino projects in history almost fell apart last week. CitiCenter, an $8.7 billion casino being built in Las Vegas, came close to losing a critical piece of funding…
According to Reuters, the Obama financial reforms face a bumpy road. Reuters reports that the NY State Attorney General has subpoenaed AIG (AIG) over its CDS contracts. Reuters reports that Obama’s financial…
According to Reuters, a number of AIG (AIG) employees gave back their bonuses. Reuters reports that economist Martin Feldstein said the recession may last well into 2010 and the government may have…
We are still in the midst of “annual report season” as companies have been submitting their 10-K filings with the SEC. Or in some cases delaying those filings. There is one theme…
GE (GE) Panic selling over concerns about balance sheet of financial division. Drops to $5.73 from 52-week high of $38.52. Citigroup (C) Worries about nationalization persist. Down to $1.11 from 52-week high…
These are the top 10 analyst calls we have seen this Wednesday morning with about two hours until the market opens: Altera (ALTR) and Xilinx (XLNX) Raised to Overweight at Global Crown.…
According to Reuters, Obama spoke about the economy with optimism as his aides defended the budget. Reuters reports that a Senate panel will question Swiss banking’s secrecy policy. Reuters reports that foreclosures…
Corrections Corp (CXW) Weak earnings outlook. Plunges to $10.50 from 52-week high of $10.50. Lions Gate (LFG) US box office numbers drop. Shares down to $3.65 from 52-week high of $10.97. Capital…
Marshall & Ilsley (MI) Dragged down by big drop in financial sector. Hits a low of $3.47 off a 52-week high of $29.97. SunTrust Banks (STI) Credit concerns cause big sell-off in…
Citi initiates coverage on MGM Mirage (NYSE: MGM) with a Sell with a price target $2.50, citing the default rates at CityCenter. Citi analyst says, "20-30% default rate at CityCenter? — Completion…
Douglas A. McIntyre According to Reuters, Microsoft (MSFT) Windows 7 is "on schedule" and will begin testing with consumers. Reuters reports that Obama will lay out his case for stimulus package in a speech. Reuters…
According to Reuters, retail sales will probably drop further after the holidays. Reuters reports that the shock waves of the Madoff scandal are spreading around the financial world. Reuters writes that the…
