Retailers hope that “mega Monday” sales continue a string of strong retail results. (Reuters) The MF Global disaster prompts requests that the systems for grain trading to be changed. (Reuters) Chinese investment…
http://platform.twitter.com/widgets/hub.1324331373.html Yahoo! (NASDAQ: YHOO) is working on a deal with Alibaba to sell part of its stake in the Chinese company. (Reuters) Toyota (NYSE: TM) expects record sales next year of 8.48…
The US Department of Justice and Bank of America Corp. (NYSE: BAC) have reached settlement related to discrimination allegations lodged against Countrywide Financial Corp. before Countrywide was acquired by BofA. The bank…
Paul Ausick Nokia (NYSE: NOK) and Microsoft (NASDAQ: MSFT) may have an interest in buying Research In Motion (NASDAQ: RIMM) (WSJ) Amazon (NASDAQ: AMZN) may have an interest in buying RIM (Reuters) China hackers…
The US Federal Reserve has issued proposed regulations that would put additional requirements on large US banks. The banks sure to be affected by the new rules include Goldman Sachs Group Inc.…
AT&T (NYSE: T) gives up on its effort to buy T-Mobile. (Reuters) Apple (NASDAQ: AAPL) wins a patent case over HTC in the smartphone wars. (Reuters) Olympus will sell shares to Sony…
US equity markets opened a bit higher this morning, after futures trading pared early morning gains. Early optimism, however, was not to pan out, following some rather downbeat remarks from the president…
Shares of Bank of America Corp. (NYSE: BAC) posted a new 52-week low today at $5/share. BofA isn’t the only loser in the financial sector — JPMorgan Chase & Co. (NYSE: JPM),…
The Federal Reserve will probably accept the Basel accords which would make US banks hold more capital. According to The Wall Street Journal, While big U.S. banks that are asked to maintain higher cushions…
Douglas A. McIntyre Zynga posts at the high end of its IPO range and will raise $1 billion. (Reuters) Congress reaches a tentative deal to keep the government open. (Reuters) Bill Gross’s PIMCO Total Return Fund…
If there is one money-center bank in America which is deemed quality and which can pass stress tests, it is J.P. Morgan Chase & Co. (NYSE: JPM). We also have it earmarked…
People who were asked which is more of a threat to the U.S. — big business or big government — picked big government by a more than two-to-one margin. Consider it a sign…
Congress, close to a budget agreement, may avoid a government shutdown. (Reuters) Washington Mutual shareholders and creditors set a deal that could allow an exit from bankruptcy. (Reuters) The policy meeting of…
Just 38% of corporate executives expect the US economy to expand in 2012. That’s down from 56% in 2010 who expected expansion this year and 66% in 2009 who expected growth in…
Paul Ausick Many American companies have done incredibly well this year. A number posted extraordinary financial results in 2011. Others have launched products that revolutionized markets. Of course, many big public corporations also did…
