The EU sovereign debt crisis has spilled over into the question of whether major global financial firms will have their prospects badly damaged by the trouble in the region. Moody’s said the answer…
An agreement in Greece is sending European shares higher in New York ADR trading this Monday morning. Is it real this time? And is it not just a temporary measure until the…
The US equity markets opened slightly higher this morning, but soon turned around and spent the rest of the morning lower before returning to about even by afternoon. Equities could close at…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Wednesday morning. Annaly Capital Management Inc. (NYSE: NLY) Cut to Market Perform…
The Greeks try to get a financial aid package while some regional leaders say the eurozone does not need the southern European nation. (Reuters) A House committee pushes through plans for a…
The US Department of Justice has indicted Switzerland’s oldest private bank, Wegelin founded in 1741, with fraud and conspiracy for enabling US customers to hide at least $1.2 billion in deposits from…
Paul Ausick Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Thursday morning. ADTRAN, Inc. (NASDAQ: ADTN) Cut to Hold at Needham…
Japan’s Securities and Exchange Surveillance Committee, the watchdog organization for the country’s Financial Services Agency, is seeking penalties against the country’s units of UBS AG (NYSE: UBS) and Citigroup Inc. (NYSE: C)…
Sarkozy and Merkel have gone from killers of the markets to saviors of the market, and oddly enough there is no full resolution yet to the Euro Zone debt crisis other than…
The action out of China’s virtual easing by lowering reserve requirements was already a boost to global markets, but the coordinated central bank efforts of the U.S., Canada, Europe, Switzerland, and the…
The details of the S&P bank sector downgrade were due to ratings criteria changes in the banking sector. 24/7 Wall St. has a detailed downgrade of the banking sector and the CreditWatch…
Updated throughout the day Clearwire (NASDAQ: CLWR) may skip a major bond payment to preseve cash (WSJ) UBS (NYSE: UBS) may cut its bonus pool. (FT)
Douglas A. McIntyre The supercommittee appears unlikely to settle on a deficit agreement. (Reuters) A senior Chinese official says he expects the global recession to last for some time. (Reuters) Spain’s center-right People’s Party gains…
Greek citizens stage large protests. (Reuters) Citigroup (NYSE: C), Bank of America (NYSE: BAC) and Morgan Stanley (NYSE: MS) could be affected when S&P updates its credit ratings on the world’s 30 largest…
Concerns about the price of oil have returned after a summer in which both crude and gasoline prices fell. Slow production from OPEC nations is not to blame. Libyan production is actually…
