Investors who have dumped CIT (NYSE:CIT) stock since September 29 are looking smart. The shares have dropped from $1.67 on the 29th to $1.04. It appears that debtholders of paper from the…
Reuters: The healthcare plan is about to take a step forward in Congress. Reuters: The debt swap at CIT (NYSE:CIT) is in trouble and could cause bankruptcy. Reuters: Summers says Obama policies…
Its fiscal year coming to an end, Goldman Sachs (NYSE:GS) is about to post record annual profits less than a year after the peak of the credit crisis. It is as if…
Reuters: E-mails and the credit crisis will be key to the trial of Bear Stearns workers. Reuters: The approval process for Tengzhong to buy Hummer has started in China. Reuters: Philips Electronics…
Thisis going to be a very key earnings week. The only DJIA component to report its Q3 period report so far has been Alcoa Inc. (NYSE: AA). But we have earnings this week…
We may have had earnings season officially start with Alcoa this week, but next week will be the real week for the launch of earnings season. We now have an index to…
Reuters: Chinese investors are holding a large amount of gold. Reuters: Bernanke sees tighter policies as the economy improves. Reuters: The Congressional Oversight Panel says that the US plan to help homeowners…
There have been many ways which companies exit bankruptcy court. Historically, many companies have used tax loss carryforward strategies as well. But selling a claim against assets for recovery in bankruptcy is…
Reuters: GM says most of its cost cutting is done and its sales chief left. Reuters: Spot gold hit a record above $1,050. Reuters: The Senate healthcare bill weighs in at $829…
Updated throughout the day. Updated 2:44 Dell Inc. (NYSE: DELL) will launch a branded Android smartphone thru AT&T Inc. (NYSE: T) and possibly other carriers next year. Source today is from WSJ,…
Reuters: Wealth management firms are starting to target the not-so wealthy. Reuters: Gold’s record price drew a muted response. Reuters: Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), and Palm (NASDAQ:PALM) are heating up the smartphone…
Bank of America (NYSE:BAC) sent a letter to one of its harshest critics, Senator Christopher Dodd, head of the Senate Banking Committee, saying that it will not raise the rates that it…
Douglas A. McIntyre Updates throughout the day. Update 2.40 PM EST: Biotech Cell Therapeutics (CTIC) is getting crushed, down 13% to $.95 on over 46 million shares. Rumors of insider selling, troubles with OPAXIO cancer, and…
SEC regulations for public companies say that compensation committees for the boards at public companies recommend pay for senior managers and those recommendations are then given to the entire board of directors…
There has been a great deal of risk that Bank of America’s (NYSE:BAC) Ken Lewis would leave as the firm’s CEO. He was replaced as the company’s chairman. He has been part…
Douglas A. McIntyre