Personal bankruptcies posted a big increase in September, not a surprise as unemployment races toward 10%. The American Bankruptcy Institute reports that the September 2009 consumer filings total reached 124,790, a 41%…
Douglas A. McIntyre Reuters: Ken Lewis will step down as CEO of Bank of America (BAC) Reuters: Cisco (CSCO) bought Tandbeg for $3 billion. Reuters: The IMF raised forecasts for US GDP but warned on…
“We think that the American taxpayer will be fully repaid” under the company’s plan”—Ed Liddy, AIG CEO, May 13, 2009 “At the end of the day, we believe we will be able…
Several consulting firms post annual figures for the world’s most valuable brands. The two best known are probably the Interbrand and BrandZ surveys. They are notably different, up until now at least.…
There were quite a few analyst upgrades and positive research calls this Monday morning. These are the calls we have seen from Wall Street firms early this morning with about two hours…
These are ten of the top analyst research upgrades, downgrades, and initiations seen early this Tuesday morning with about two hours until the market opens: Aeterna Zentaris (AEZS) Cut to Sector Perform…
Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) has shown its Q2-2009 holdings as of June 30, 2009. There are some portfolio changes that have been seen here from the end of Q1 and we…
Short sellers moved out of financial shares in great numbers. As of August 11, the short interest in Citigroup (C) fell 71% to 343 million shares. Share sold short in GE (GE)…
Reuters: A college education no longer means easy employment in China. Reuters: Fannie Mae (FNM) lost $14.8 billion. Reuters: The auto “clunkers” legislation passed the Senate. Reuters: Obama is in no rush…
Reuters: A bubble may be forming in the corporate bond market. Reuters: Wall St. firms have made $1 billion on the break up of AIG (AIG). Morgan Stanley(MS), Goldman Sachs (GS), JP…
Reuters: China and the US vowed close ties to bring the economy out of recession. Reuters: Microsoft (MSFT) and Yahoo! (YHOO) are close to a search deal. Reuters: The Senate may drop…
Reuters: Microsoft’s (MSFT) results and forecast were weak. Reuters: CIT (CIT) may sell its aviation finance business. Reuters: Fatigue at the Fed is leading to questions about its expanded role. Reuters: Twitter…
Capital One Financial Corp. (NYSE: COF) and American Express Company (NYSE: AXP) are historically about as similar of companies as they come. Yet at the same time, they are about as different…
This week will mark the first crest of earnings season as we have 11 of the 30 DJIA components reporting earnings this week alone. On Tuesday, we have earnings from Caterpillar Inc.…
These are some of the top pre-market analyst upgrades and positive initiations we have seen early this Thursday morning: American Express (AXP) Raised to Neutral from Underweight at JPMorgan. CarMax (KMX) Started…