UBS (UBS) had to raise money. The sins of its subprime addiction have come back to haunt it. US bank shareholders should shudder when they look at the pricing that the Swiss…
According to Reuters, the Fed lower growth expectations and noted rising inflation. Reuters writes that AMR (AMR) will sharply cut the number of routes its serves and take certain planes out of…
In a call overseas earlier this morning, Lehman Brothers decided to cut its target prices on some select European investment banks. Here are three of the investment bankers that are traded in…
According to Reuters, Microsoft (MSFT) is proposing to buy Yahoo!’s (YHOO) search business. Reuters writes that Barclays (BCS) is looking at a possible bid for Lehman (LEH). Reuters reports that customer satisfaction…
According to Reuters, profits fell at Barclays (BCS) due to large write-offs. Reuters writes that Carl Icahn has decide to begin a proxy fight against Yahoo! (YHOO) Reuters reports that Sony (SNE)…
According to Reuters, HP (HPQ) plans to buy EDS (EDS) to better compete with IBM (IBM). Reuters writes that AIG (AIG) says it sees no reason to follow the request of its…
UBS (UBS) telegraphed all ships in the known world as it sank into the Atlantic like the Titanic. The big bank will fire 5,500 poor souls and sell $15 billion of its…
According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper to Blackrock. Reuters writes that Bernanke says that high foreclosure rates are…
Once a year, Barron’s publishes its "The Top 100 Financial Advisers List." Much of the research for the article is done by an outfit known as "Winner’s Circle", based in Boca Raton.…
It is not uncommon during a serious recession for the shares of many public companies to drop. 24/7 Wall St. has assumed, for the purpose of finding stocks which could rise sharply,…
Mack of Morgan Stanley (NYSE: MS) and Fuld of Lehman (NYSE: LEH) have both expressed the opinion that the worst of the Wall St. earnings crisis may now be in the past.…
According to Reuters, US senator Charles Schumer has asked the SEC to look at conflicts of interest at bond rating firms. Reuters writes that Washington Mutual (WM) are in favor of the…
According to Reuters,US non-farm pay-rolls are likely to fall by 60,000. Reuters reports that Fed official are playingt down rate cut expectations. Reuters writes that the ex-ceo of UBS (UBS) wants to…
Revenge is a dish best served cold. The former CEO of UBS (UBS), pushed out by the bank’s current chairman, has suggest that the huge financial firm be broken up. According to…
According to Reuters, Lehman (LEH) raised $4 billion. Reuters writes that US factory orders probably fell in February. Reuters reports that the Fed approved the JPMorgan (JPM) purchase of Bear Stearns (BSC)…
