Updated throughout the day. Groupon doubled subscribers this year to 115 million. It will also drop a controversial accounting method used in its IPO documents (Reuters) GDF-Suez may sell 30% of itself…
American International Group (NYSE: AIG) will sue Bank of America (NYSE: BAC) for $10 billion because the insurance company claims the big bank misrepresented the risks of mortgage-backed paper. The legal action…
The next challenge for Congress will be a tax deadlock. (Reuters) The Nikkei falls another 2% on news of a U.S. downgrade. (Reuters) Yields on Italian and Spanish bonds fall as the…
Wall St. had its worst sell-off in two years (Reuters) Regulators have begun to tussle over interpretations of the Dodd-Frank financial reform bill (Reuters) LinkedIn (NYSE: LNK) posted strong earnings and a…
When Kraft Foods Inc. (NYSE: KFT) announced its deal to acquire Britain’s Cadbury in May 2010, investor Warren Buffett proclaimed it a “dumb” deal and promptly cut his holdings in Kraft stock…
We have another very busy earnings week ahead for the second quarter reporting season. Some are DJIA components and some are sector-movers or market-movers. We are tracking earnings and giving previews for…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. Alcatel-Lucent (NYSE: ALU) Cut to Sell at S&P Equity Research. Altria…
American International Group Inc. (NYSE: AIG) is reportedly about to unload a part of its huge airplane leasing business through an initial public offering. The leasing operation is named International Lease Finance…
Jon C. Ogg Updated throughout the day. The News Corp (NYSE: NWS) has considered replacing Rupert Murdoch (Reuters) American Air (NYSE: AMR) will probably order a large number of Airbus jets (WSJ) AIG (NYSE: AIG)…
Parliament will question Rupert Murdoch of News Corp (NYSE: NWS) today (Reuters) IBM’s (NYSE: IBM) service business rose, driving earnings up (Reuters) Cisco (NASDAQ: CSCO) will fire 15% of its workers (Reuters)…
Each year, Capgemini publishes the U.S. Metro Wealth Index, which ranks the number of high-net-worth individuals living within the ten largest metropolitan statistical areas. According to the report, high-net-worth Individuals “are defined…
Updated throughout the day. Dow Jones CEO Les Hinton may be in trouble because of the News Corp (NYSE: NWS) the News of the World scandal (Reuters) AIG (NYSE: AIG) may replace…
The prime minister of China says inflation is the government’s first priority and that the central bank there may tighten monetary policy again (Reuters) EU financial ministers and central bankers will meet…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning. Aetna Inc. (NYSE: AET) Reiterated Buy and raised target to $51…
Most of the financial media stops at mid-year to reflect on how the market performed since January 1. The effort is often fruitless. The fact that a stock, or any market, did…
