Reuters: China is the key stop on Obama’s tour of Asia. Reuters: South Korea’s businesses may start to feel more pressure from China competitors.. Reuters: Hewlett-Packard (NYSE:HPQ) bought 3Com (NYSE:COM) for $3.1…
Short sellers have bought into the notion that the financial industry is in full recovery. Shares sold short in Wells Fargo (NYSE:WFC) fell 8% to 78.8 million shares. Shares short in CIT…
Yesterday, the Federal Reserve reported that 9 out of 10 bank holding companies that were required to raise additional capital to bolster their balance sheets have successfully done so. The Supervisory Capital…
Updated throughout the day. The New York Yankee victory in the World Series could help stock prices (various) Oracle (NASDAQ:ORCL) could drop its deal to buy Sun (NASDAQ:JAVA) in the face of…
Angelo Mozilo, the former CEO of Countrywide Financial which was bought by Bank of America (NYSE:BAC), tried to get out of facing government fraud charges, US District Judge John Walter told Mozilo that…
Douglas A. McIntyre Updates throughout the day. Updated 10.33 AM EST: Royal Bank of Scotland may have to divest its majority interest in the RBS Sempra Commodities joint venture. (The Deal) Bank of America (NYSE:BAC)…
Reuters: The value of the yuan could cause a trade war between the US and China. Reuters: Executive pensions rose despite drops in stock prices. Reuters: Lloyds will make a large stock…
Updated throughout the day. Updated 1.05 PM EST: Las Vagas Sands (NYSE:LVS) will try to raise $2.5 billion though an IPO in Hong Kong (AP) Updated 11.12 AM EST: Pfizer (NYSE:PFE) is…
Reuters: Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy. Reuters: Summers will lead a high level meeting on the economy. Reuters: US companies are holding more cash. Reuters: …
Updated throughout the day. Updated 10.45 AM EST There is not as much cash on the sidelines as most investors expect. (Reuters) Yahoo! (NASDAQ:YHOO) has frozen hiring on the team evaluating integration…
Reuters: House Democrats unveiled their healthcare bill. Reuters: Senators may extend home purchase credits until April. Reuters: China will launch a case against The Big Three auto companies. Reuters: Galleon paid Wall…
A new analysis from The Wall Street Journal shows that pay czar Kenneth Feinberg raised the salaries of most of the executives over which he has jurisdiction. The paper reports that base…
Reuters: The Nielsen survey shows consumer confidence up in the US for the first time since 2007. Reuters: Obama’s financial reforms are advancing in Congress. Reuters: The pay czar said his authority…
Updated throughout the day. Updated 10.53 AM EST Activision-Blizzard (NASDAQ:ATVI) “Guitar Hero 5″ is selling poorly. (Barron’s) Update 9.47 AM EST: BP’s (NYSE:BP) new chairman will make significant changes to the oil…
Bankers have become more and more adroit at shooting themselves in the foot this year. Congress, the Administration and the public are already upset by actions that they believe caused the credit…
