Updated throughout the day Zerohedge: Fed’s Dudley Predicts Stronger Growth in Second Half of 2011. And JPM predicts 0.5% GDP in Q1 2012 USA Today: Reports: Bank of America cutting 10,000 or…
Douglas A. McIntyre A memo from Bank of America CEO Brian Moynihan (NYSE: BAC) says that the financial firm will cut 3,500 jobs this quarter. Further restructuring could push that number as high as 10,000. Analysts…
Douglas A. McIntyre Hewlett-Packard (NYSE: HPQ) may spin off its PC business because it bought enterprise software firm Autonomy for $10.3 billion. (Reuters) News Corp. (NASDAQ: NWS) begins to prepare for the possibility that James…
At about mid-day, the Dow is off nearly -4%, the Nasdaq is off nearly -4.5%, and the S&P 500 is down just over -4%. It’s not a good day, and things are…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. Aixtron SE (NASDAQ: AIXG) Cut to Hold at Deutsche Bank. Bank…
SABMiller makes a hostile bid for Foster’s Group. (Reuters) The Swiss National Bank says the franc is overvalued. (Reuters) News Corp. (NASDAQ: NWS) management under more pressure as a reporter says News…
The 2011 Class of Private Equity-Backed IPOs is really off to a rough start. The market conditions of late have all culminated to create a cautious IPO environment and even a cautious…
Billionaire and hedge fund manager John Paulson of Paulson & Co. and of Paulson Management is a widely followed equity hedge fund manager for whale watchers. He has made billions of dollars,…
Bank of America Corp. (NYSE: BAC) is selling more assets as it raises capital in an effort to stem the drop in the company’s share price related to its purchase of Countrywide…
There are many things happening this week that are either fresh events or which are follow-on events from last week. We have already compiled an earnings calendar with detailed previews for this…
Yahoo! Finance: BofA chief meets top officials http://yhoo.it/ow32Dp $BAC MarketWatch: U.S. retail sales climb 0.5% in July; May and June figures upwardly revised http://on.mktw.net/nM21pH CNNMoney: Regulators imposed a temporary short-selling ban in…
Douglas A. McIntyre Retail data becomes the focus of Wall St. (Reuters) China locates another 22 fake Apple (NASDAQ: AAPL) stores. (Reuters) The Nikkei drops below the important 9,000 mark. (Reuters) Brent drops below $108…
Shares in Bank of America Corp. (NYSE: BAC) are up more than 5.5% today following reports that the bank selling some assets to raise cash. There is also some speculation that the…
Updated throughout the day. Bank of America is shopping its position in CCB for $17 billion (Reuters) The FTC has increased the size of its probe of Google’s (NASDAQ: GOOG) search and…
Risk in Europe continues to drag on global shares. (Reuters) Concerns about how S&P (NYSE: MHP) sets rating bring calls for reform. (Reuters) Rules on CME (NASDAQ: CME) margins move gold lower.…
