According to Reuters, The National Association of Business Economics survey found that members believe that the economy has it its worst period in 27 years. Reuters reports that Pfizer (PFE) is close…
The conventional wisdom was that 2008 would be the worst year for bank losses in years, but that it would be the bottom. The damage of mortgage-backed securities has moved into the…
J.P. Morgan, the investment banking arm of JPMorgan Chase & Company (NYSE:JPM), plans to acquire the Canadian energy operations and global agricultural business of UBS AG (NYSE:UBS) for an undisclosed amount. The…
These are some of the top pre-market analyst downgrades we have seen early this Monday morning: Barrick (ABX) Cut to Neutral at UBS. Cogent (COGT) Cut to Neutral at JPMorgan. General Maritime…
According to MarketWatch, "Standard & Poor’s cut the credit rating or outlook of 12 major U.S. and European financial institutions Friday, saying the move reflected its view of the significant pressure on…
These are some of the early positive analyst calls and analyst upgrades we are seeing this Wednesday morning: American Physicians (ACAP) Started as Buy at SunTrust Robinson. Bank Of NY Mellon (BK)…
According to Reuters, the US government gave Citigroup (C) a bailout worth over $300 billion. Reuters reports that the rescue of Citi failed to dispel concerns about the financial market as some…
According to Reuters, Yahoo! (YHOO) CEO Yang resigned. Reuters reports that Japan expects a long recession. Reuters writes that Congress will take a first look at a new auto bailout bill. Reuters…
According to Reuters, Obama won the race for US president Reuters reports that stock index futures were steady after the Obama win.
According to Reuters, Australia cut key interest rates. Reuters reports that a large Goldman Sachs (GS) fund lost $1 billion in the first ten months of the year. Reuters writes that the…
Bank earnings were hit hard this week. Even if the results at Citigroup (C), Merrill Lynch (MER), and JP Morgan (JPM) did not drive the credit system into insolvency, each company had…
Henry Paulson seems like a very large and old Eagle Scout. He would never mislead, at least not on purpose. He gave the impression as he announced that Treasury would dump $250…
The Swiss pride themselves in being calm, reserved people. Unlike the Spanish, English, Germans, and French, they have never given the world much trouble. The trouble, it appears, has been visited upon…
Douglas A. McIntyre According to Reuters, Swiss banks are getting large amounts of capital to fight the global credit crisis. Reuters reports that AIG (AIG) is lobbying to loosen government oversight rules. Reuters reports that…
According to Reuters, the economic bailout bill passed the Senate and is likely to pass the House. Reuters reports that GE (GE) raised $15 billion with some of the capital coming from…
