Reuters. Obama will nominate Yellen to be Fed vice chair. Reuters: China told Obama to leave yuan policy to its government. Reuters: A Chinese minister said the nation could not keep up…
Updates throughout the day. AIG (AIG) has developed a new system for paying management bonuses (NYT) “While banks like JPMorgan and Goldman Sachs have enough liquidity to consider raising dividends or buying back…
Reuters: Democrats may miss their goal to vote on healthcare reform. Reuters: China exports rose 46% in February. Reuters: China’s Geely raised money to buy Volvo. Reuters: Strong Chinese trade data made…
American International Group, Inc. (NYSE: AIG) is seeing a significant trading event today. Today’s news is rumor-driven on top of related news-driven trading. What is odd is that there is now potentially…
Reuters: Toyota (TM) said it found no electronic safety problems with its cars. Reuters: China said it was committed to US debt but worried about gold. Reuters: Japanese car companies are studying…
We have compiled this morning’s key stocks on the move based on news. These are some of the key stocks being watched and traded by day traders and active traders. There is…
Douglas A. McIntyre Reuters: Met Life (MET) is close to buying AIG’s (AIG) foreign insurance unit for $15.5 billion. Reuters: Subway will try to catch McDonald’s (MCD) in China by 2020. Reuters: Greece’s central bank…
Updated throughout the day. Updated: 11.32 AM Eastern: Vonage (VG) may be bought, by AT&T (T)? Redhat (RHT) may be bought by IBM (IBM). Cree (CREE) may buy Nanometrics (NANO) (Barron’s) Prudential…
Douglas A. McIntyre Reuters: GM will recall 1.3 million cars for steering problems. Reuters: China would like one price for iron ore to cut commodity speculation. Reuters: Two software services will help telcos as they…
A deal for UK insurance company Prudential to buy AIG’s (AIG) large Asia insurance firm for $35.5 billion will be announced today. That should be a relief for US taxpayers who have invested $182 billion…
Douglas A. McIntyre Reuters: Some senators want hearings on the Fannie Mae (FNM) and Freddie Mac (FRE) bailouts. Reuters: Toyota (TM) is at work in China on damage control. Reuters: Asia factory output expanded by…
Earnings season has mostly wound down. We have many key business events and key economic events scheduled for next week. In asset sales and merger land, we will be paying close attention…
This morning’s top movers for day traders and active traders are seen in the following: American International Group, Inc. (NYSE: AIG) down over 5% athenahealth, Inc. (NASDAQ: ATHN) down 11% CKE Restaurants…
AIG announced two bad pieces of news but each was framed as good. The insurance company which has benefited from a $180 billion US bailout reported a net loss attributable to AIG…
Douglas A. McIntyre Reuters: Akio Toyoda met with Transportation Secretary LaHood. Reuters: Lloyds posted huge loss driven by bad debts. Reuters: A job creation effort is hung up in Congress again. Reuters: Blackstone (BSX) got commitments for…
