The attorneys general of Nevada and California have agreed to co-operate in an investigation of of mortgage fraud and lender misconduct and not to be part of the ongoing settlement talks between…
Eleven American companies have laid off a total of nearly 600,000 people in the past two decades. Each also fired a large number of employees at one time to earn it a…
The board of Olympus may resign by late February. (Reuters) China says its annual rate of growth slowed between October and November. (Reuters) Congress pressures the CFTC for stronger regulation after the…
Bank of America (NYSE: BAC) CEO Brian Moynihan has no credibility left on Wall St. That makes his comments that the financial firm’s balance sheet has improved hard to believe. Skepticism will continue…
A New Bailout Fund. Rumors suggest that leading eurozone nations, particularly France and Germany, may have begun the process to create a large bailout fund for the financially weak nations in the region.…
Bank of America (NYSE: BAC) CEO Brian Monihan says that his company’s prospects have improved. He claims third quarter results are better than plan. The bank, like other large US peers, have…
Douglas A. McIntyre Inergy Midstream L.P. has indicated its IPO price range as being $19-$21/common unit and will offer 16 million units when the company goes public. It will trade on the NYSE under the…
Bankrate, Inc. (NYSE: RATE) is actually holding up better than many secondary offering and post-IPO investors might have considered today. The company announced after the close on Friday that its underwriters agreed…
Auto sales reach a two-year high. (Reuters) Tom Glocer, the head of Thomson Reuters (NYSE: TRI), resigns and will be replaced by the COO. (Reuters) The intellectual property battle between Apple (NASDAQ:…
Banks were able to shine for years and years over credit unions. This new age of “too big to fail” after bailouts and then banks gouging customers for charges may be creating…
In a threat to a national settlement related to the foreclosure “robo-signing” investigation, the attorney general of Massachusetts has filed suit against Bank of America Corp. (NYSE: BAC), J.P. Morgan Chase &…
The US Department of Energy in early September approved a conditional loan guarantee of $275 million to Bank of America Corp. (NYSE: BAC) and its BofA/Merrill Lynch division to support the installation…
Paul Ausick Corporations can spend hundreds of million dollars just so they can put their name on a major league sports stadiums. 24/7 Wall St. looked that the 13 largest stadium-naming rights deals and…
Standard & Poor’s is at it again… more downgrades and this time in the ailing banking sector. While we focused solely on the U.S.-based banks here, the downgrade was handed aimed at…
Bank of America Corporation (NYSE: BAC) has not done well with a good market nor with a bad market. The big gap-up Monday was sold off and now the lows on Tuesday…
Jon C. Ogg 
