Reuters: Microsoft (MSFT) is putting more R&D in India. Reuters: CIT (CIT) confirmed that it rasied $3 billion. Reuters: Bernanke said Fed can control inflation. Reuters: California lawmakers agreed to a state…
Morgan Stanley (NYSE: MS) is launching a TALF fund. It is slightly larger than its original target. The fund probably won’t make a huge boost for earnings, but it is a further…
Douglas A. McIntyre An appetite for risky assets that has sent small-cap and emerging market stocks and junk bonds flying since March now is getting more scrutiny from a market heavyweight. Greg Peters, head of…
Reuters: California declared a financial emergency. Reuters: An SEC attorney raised concern about a Madoff report in 2004. Reuters: Auto parts supplier Lear filed for bankruptcy. Reuters: NYC apartment sales are down…
The Treasury said that it plans to dispose of the warrants that it got from banks as part of bail out financing given to, and, in some cases, forced upon major US…
Ken Heebner of CGM Funds is often a guest on CNBC after the FOMC decision on rates. His sphere of great influence has withered as the CGM Focus Fund (CGMFX) has been…
John Mack of Morgan Stanley (MS) made sure that he had a large base salary for this year, even though his firm nearly fell apart last year. The management of Citigroup (C)…
Reuters: The head of a Congressional watchdog committee is pushing for a consumer protection agency. Reuters: China defended its export policies against a WTO complaint. Reuters: Citigroup (C) intends to raise the…
Deutsche Bank says that the commercial real estate market in America will not recover until 2017. Richard Parkus, Deutsche Bank head of Commercial Mortgage-backed Securities and Asset-Backed Securities Synthetics Research, told Reuters…
Reuters: Airlines are cutting back on first class seating. Reuters: Xstrata wants merger talks with mining rival Anglo American. Reuters: Employers are cutting 401 (K) plans. Reuters: Brand loyalty is being hurt by…
E*TRADE Financial Corp. (NASDAQ: ETFC) has been the worst of the online brokerage stock. With some of the crazy mortgage products it offered, it is no wonder. And the stock has paid…
The Wall Street Journal, in a bit of investigative reporting, found that the CEOs of companies that have received federal bailout funds are still having fun using their firms’ private jets. Or,…
Bank of America’s (BAC) addiction to giving its senior employees huge bonuses has not ended. These used to be based on “performance.” A banker who created toxic asset products that could be…
Reuters: Obama proposed sweeping reform for financial industry. Reuters: A number of large banks repaid TARP. (JPM)(GS)(BBT)(COP)(STT)(AXP)(USB) Reuters: Consumer prices show inflation is in check. Reuters: China could still be a big…
