Government officials at both the federal and state levels expect to see an agreement soon on the penalty payments being negotiated with five big mortgage lenders over foreclosure practices. The governments are…
Any time you have a shareholder talking up a company, you have to understand that they are talking up their book. Billionaires do this, and they tend to be listened to more…
Updated throughout the day on 24/7 Wall St. Wire. A $25 billion settlement between the federal government and state attorneys general on one side and five banks on the other over mortgage…
Time has finally run out for Greece. The European Union, European Central Bank and International Monetary Fund have said they are tired of waiting to see if Greece can cut is budget again.…
The state of New York has filed a lawsuit in the state’s Supreme Court charging Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), and JPMorgan Chase & Co.…
Credit card giant MasterCard Inc. (NYSE: MA) reported fourth quarter adjusted EPS of $4.03 on revenue of $1.72 billion. Consensus estimates called for EPS of $3.92 on $1.73 billion in revenue. The…
2012 is getting off to a great start for the equity markets. We recently looked at the performance of Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.B), which is underperforming this year so…
For the first time in a long time, short sellers have increased their bets that the stock prices of most large companies and in most large sectors will fall. The NYSE and…
Just because you’re retired doesn’t mean you don’t have to work. As of the end of last year, 7.3% of Americans 75 and older were employed — the highest level since 1966,…
State and federal government officials are near a deal to settle improper foreclosure charges against a number of banks. The amount of the agreement will cause financial firms to pay about $25…
Bank of America Corporation (NYSE: BAC), J.P. Morgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), Citigroup, Inc. (NYSE: C) are among the banks and lenders which could be…
Wells Fargo & Company (NYSE: WFC) has stood by the equity financing for a 53.5 megawatt (MW) multi-site solar project in New Mexico. The 53.5MW solar project is called one of the largest…
Bank of America Corporation (NYSE: BAC) was already the best performing DJIA stock with gains of more than 20% since the end fo 2011. Now it has even more legs after the…
Bank of America Corporation (NYSE: BAC), the second of the DJIA components in banking, is due to report its fourth quarter and 2011 year-end earnings on Thursday morning. The bank is currently…
Yahoo! (NASDAQ: YHOO) founder and former CEO Jerry Yang leaves the company’s board. (Reuters) The World Bank sharply cuts global growth forecasts. (Reuters) Greece and private creditors race to settle on a…
