Everyone loves Warren Buffett of Berkshire Hathaway (BRK.B) and the “never be evil” management of Google. Citigroup (C), Goldman Sachs (GS), and the other large firms on Wall St. are among the…
Flamboyant and loquacious AIG (AIG) CEO Robert Benmosche forgot the old business rule that it is best to under-promise and over-deliver. He told Reuters that he believes his company will pay back taxpayers…
Douglas A. McIntyre Reuters: US Census hiring will life payrolls. Reuters: The US will impose new airport security measures. Reuters: The head of China will visit the US and the issue of the yuan may…
J.P. Morgan Chase & Co. (NYSE: JPM) is in the news today because CEO Jamie Dimon issued a scathing letter to shareholders that effectively is attacking the current political climate in Washington…
According to rumors published by The New York Post, the sale of AIG’s (AIG) Asia unit to Prudential UK is in trouble because investors in the UK firm object to the price…
Douglas A. McIntyre Updated throughout the day. Morgan Stanley (MS) will underwrite the sale of the government’s piece of Citigroup (C) (CNBC) JP Morgan’s (JPM) One Equity Partners unit will take CKS private. (WSJ). The…
This weekend has many big names in the Unusual Suspects. We have a few earnings stragglers, but there are many issues outside of earnings to watch. This week’s unusual suspects are American…
Twitter has, by most estimates, 75 million visitors a month, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have…
Reuters: The Nikkei topped 11,000 for the first time since October 2008 Reuters: The White House will announce housing aid for those having difficulty with making their mortgage payments. Reuters: A Fed…
Congressman Barney Frank and Senator Chris Dodd are not wasting any time after health care reform. In a press conference this morning, the two well-known Democrats said financial reform was next on…
Reuters: A Chinese newspaper accused Google (GOOG) of helping US intelligence Reuters: JP Morgan (JPM) is close to a huge tax refund deal with the FDIC. Reuters: Oil dropped below $81 on…
Lee Iacocca, Chrysler’s CEO in 1979, worked for $1 a year while his company paid back taxpayers $1.2 billion in loan guarantees. Edward Liddy, former CEO of Allstate (ALL), was paid $1…
Updated throughout today. Employees may sue AIG (AIG) after getting less in bonus that their employment agreements called for (NYT). Michael Jackson’s estate signed a $200 million deal with Sony (SNE). Google…
Updated throughout the day. AIG (AIG) will hold back $21 million from employee bonuses (CNBC) Google (GOOG) will shut its Google.cn site in China (various) Arrow Energy will reject a $3 billion takeover…
Reuters: The Senate reform bill gives the Fed broader powers. Reuters: Google (GOOG) says it is still talking to China, but signs point to pull-out. Reuters: Arrow will reject a bid from…
