John Thain, former co-president of Goldman Sachs (NYSE:GS) and CEO of The New York Stock Exchange and Merrill Lynch, who was virtually shamed into retirement after Merrill was bought by Bank of America (NYSE:BAC),…
Updated throughout the day. Bank of America (NYSE:BAC) is in talks with Cuomo to settle legal issues involved with its buyout of Merrill Lynch (NYTimes) The Federal Reserve made $45 billion in 2009.…
Reuters: Cadbury (NYSE:CBY) posted strong 2009 results, rejected Kraft’s (NYSE:KFT) bid. Reuters: Bank of America (NYSE:BAC) is in talks to settle with Cuomo. Reuters: The FAA called for inspections of older Boeing…
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined be earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength…
Updated throughout the day. GM got last minute bids for Saab NBC wants to move Jay Leno back to his late-night part of the TV schedule. Bank of America (NYSE:BAC) bonuses will…
Bank of America (NYSE:BAC) CEO Ken Lewis is gone now, but the culture of big pay packages established on his watch is not. The bank will pay large bonuses for 2009 to many of…
Reuters: Oil is at $82 and will move based on US jobs data. Reuters: Reliance upped its offer for Lyondell to $13.5 billion. Reuters: An former SAC employee was caught in a probe of…
These are this Thursday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls early this morning: Aetna Inc. (NYSE: AET) Cut to Sell at Collins Stewart. Alcoa, Inc. (NYSE:…
We have started taking a look at the 30 stocks comprising the Dow Jones Industrial Average to see which stocks had the most implied upside of all DJIA components. We have taken…
Warren Buffett has a different timeframe than most investors. Unless he sees something drastic to the long-term fundamentals, he maintains a near-forever outlook when he invests in or buys companies for Berkshire Hathaway…
Moody’s reports that credit card charge-offs by financial firms hit 10.56% in November. This represents sums that lenders feel they will not be able to collect .The credit rating agency expects that figure…
Updated throughout the day. A “meltdown” is coming for the bond market (CNBC) GM will try to sell down its inventories of Pontiacs and Saturns by offering huge incentives (WSJ) Home prices dropped in…
Short sellers took huge positions in major banks and telecom companies in the two-week period ending December 15. The short interest in Citigroup (NYSE:C) rose 30% to 281 million ahead of the bank…
Reuters: GM is offering huge incentives to sell its inventory of Pontiacs and Saturns. Reuters: Morgan Stanley (NYSE:MS) will overhaul the pay of senior management. Reuters: The departing AIG (NYSE:AIG) general counsel will…
Earlier this week came an alert that a technical event was likely to be seen in the major money center banks and major financial institution stocks pertaining to the 50-day moving averages. …
