As corporate earnings are disappointing and as the economy remains very sluggish, companies are announcing big waves of layoffs. Some have said that the layoffs this time of year are seasonal, as…
thinkstockBest Buy Co. Inc. (NYSE: BBY) cuts forecasts. (Reutesr) Spain will increase the rate at which its helps its regional governments. (Reuters) The federal government sues Bank of America Corp. (NYSE: BAC)…
Short sellers must believe that, if the market rises, shares of weak companies will go along. Their positions in stocks that should drop due to their recent financial statements, and in some…
Countrywide Financial Corp., now part of Bank of America Corp. (NYSE: BAC) is the gift that just keeps on giving. Today, for example, the former high-flying mortgage lender delivered a lawsuit to…
As the market reaches its most choppy period in the past few months, it is worth a look at which stocks have done the best so far in 2012 and which have…
The three major U.S. stock indexes opened lower this morning, and never really got untracked all day. Spanish 10-year bond yields fell 28 basis points to around 5.51%, while Spain again demurred…
Bank of America Corp. (NYSE: BAC) has reported earnings of $0.00 per share, or $340 million in net income, after items on revenue of $20.43 billion. Thomson Reuters estimates were -$0.07 per…
Jon C. Ogg The bailout programs that made up the TARP investments will end up costing taxpayers very little, according to a new Congressional Budget Office report: CBO estimates that the net cost to the…
The Cost of TARP The bailout programs that made up the TARP investments will end up costing taxpayers very little, according to a new Congressional Budget Office report: CBO estimates that the net…
Bank of America Corporation (NYSE: BAC) may have given the all-clear sign for the money-center banks ahead of earnings season. This may sound a bit conspiratorial, but investors often look for indications…
Wells Fargo & Co. (NYSE: WFC) is under pressure on yet one more case against it from the financial crisis. The Manhattan U.S. Attorney’s office has filed a mortgage fraud lawsuit against…
The big banks are going to be rather important to watch this earnings season for the third quarter of 2012 as shares have risen handily from their lows. While banks almost never…
A court will allow Samsung to sell its Galaxy Tab 10.1 in the U.S. despite efforts by Apple Inc. (NASDAQ: AAPL) to block it. (Reuters) Germany wants Spain to delay a request…
Bank of America Corp. (NYSE: BAC) received one more hit in a long line of bad publicity. Its reputation was damaged once again. Again, its image as the worst of America’s large…
Douglas A. McIntyre Bank of America Corp. (NYSE: BAC) is settling a class action lawsuit over its purchase of Merrill Lynch. The company said that it would be taking a litigation expense in the third…
Jon C. Ogg 
