General Motors may be looking more like Government Motors every day. Fritz Henderson is stepping down according to a report from CNBC’s Phil Lebeau, citing sources. What is not clear is if…
The head of the credit card operations at Bank of America (NYSE:BAC) believes that credit card write-offs will not continue to rise, and that they hit their high point in the last…
Douglas A. McIntyre We recently discussed the changes that have taken place inside Berkshire Hathaway Inc. (NYSE: BRK-A) as Warren Buffett has gone higher up the food chain. In his more focused and more opaque…
The Fed wants the taxpayer’s money back. It has asked nine large banks, including Bank of America (NYSE:BAC), to give it a timetable for when they will repay TARP funds. All of these…
Douglas A. McIntyre The Royal Bank of Scotland (NYSE:RBS) has had Cadbury as a corporate client for decades. The financial firm agreed to help fund Kraft’s (NYSE:KFT) potential buyout of Cadbury. RBS’s ownership is controlled by…
We have seen some unusual options trading today. As you would expect, some is around today’s 4:00 PM close with today being options expiration date. But some bets are way out into…
There is a rumor that has been around Hollywood for decades that some of the greatest silent film comedy scripts were created by screen writers who would bribe wardens at a local…
Updated throughout the day. Updated 1.48 PM EST: News Corp’s (NYSE:NWS) MySpace is in talks to buy free music streaming site imeem. (AP) Update 1.42 PM EST: Google (NASDAQ:GOOG) will launch its…
The most charitable thing that can be said about Vikram Pandit, the CEO of Citigroup (NYSE:C) since December 11. 2007, is that he was in the wrong place at the wrong time. The bank’s…
Reuters: Thain regrets nothing he did at Merrill Lynch and during its merger with Bank of America (NYSE:BAC). Reuters: Trump put his support to the bondholders of his casino business. FT: A…
Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) has shown its Q3-2009 holdings as of September 30, 2009. We had already seen how his securities holdings were up on the books in the holdings with…
John Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way down. But the financial world found out in August that Paulson &…
Updated throughout the day. Updated 10.30 AM EST: PALM (NASDAQ:PALM) shares are up on speculation that Dell (NASDAQ:DELL) or Nokia (NYSE:NOK) will buy the faltering handset firm (VSInvestor) Former Goldman Sachs (NYSE:GS)…
Jon Corzine recently lost the gubernatorial race in New Jersey. He is also a very wealthy Wall Streeter that is a former disciple of Goldman Sachs Group Inc. (NYSE: GS). He is…
Updated throughout the day. Ebay (NASDAQ:EBAY) PayPal profits will increase sharply in Q4. (TheStreet) A former lead director at Bank of America (NYSE:BAC) is pushing for the firm to pick an insider as the…
