Short sellers moved out of tech stocks in large volumes at mid-month. Based on short interest figures as of August 14, shares short in Intel (INTC) fell 33% to 88.3 million. The…
By Douglas A. McIntyre The federal judge who was supposed to approve a $33 million settlement between Bank of America (BAC) and the SEC over omissions in the bank’s proxy statement for…
Douglas A. McIntyre The settlement over Merrill Lynch bonus payments that has been negotiated between the SEC and Bank of America (BAC) is a sham. The compensation that was paid was legal, after all. Why…
Douglas A. McIntyre Reuters: Bernanke will be reappointed as Fed chief. Reuters: New deficit projects could hurt Obama’s plans. Reuters: The SEC and Bank of America (BAC) asked a judge again to approve a deal…
Notorious bank analyst Meredith Whitney of Meredith Whitney Advisory Group is out with some new harsh predictions calling for the demise of more banks. It is actually not all really bad news,…
The precious time of senior government officials must not be so precious. Federal agencies seem to be spending more and more time looking back on the financial crisis to see if it…
The Fed made hundreds of billions of dollars in short term loans to banks. It was necessary, in the opinion of the agency, to do that to preserve the financial system as…
Fidelity Management & Research Company, or FMR, was among the giants which released its quarterly holdings over the most recent days. While it is always interesting to see which holdings are the…
Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) has shown its Q2-2009 holdings as of June 30, 2009. There are some portfolio changes that have been seen here from the end of Q1 and we…
Citigroup, Inc. (NYSE: C) is trading higher this morning on an analyst upgrade. This would probably be a much more important call had financials not run so much. Bank of America Merrill…
Reuters: The Chinese are learning the problem of easy access to credit cards. Reuters: The US recovery is still slow while France and Germany are rebounding. Reuters: UBS (UBS) clients in America…
Reuters: Wal-Mart (WMT) will report results with Wall St. looking for sales growth. Reuters: US home foreclosures set a record in July. Reuters: Citigroup (C) hired outsiders to help with a management…
John Paulson has been well known as a hedge fund manager because of the profits he made from short selling many of the key financial stocks. Yet his new filing shows a…
Several companies run annual brand valuations. It is a good business for advertising and marketing firms to be viewed as experts on brands. Brand values are based on the cash flow they…
What happens when a sector loses a key bull, even if it is temporary? Often nothing, but if it is a big enough market pundit then it can have an impact. That…
