Obama proposes a $447 billion job stimulation package. (Reuters) Economic problems to be the focus of G7 meetings. (Reuters) One Super Congress member threatens to quit over concerns about military budget cuts.…
To say that Bank of America Corporation (NYSE: BAC) is under pressure remains the understatement of 2011. The DJIA industrial average component is under attack from every angle. It is now under…
Jon C. Ogg The US Department of Energy has issued a conditional commitment for a partial guarantee of a $344 million loan for solar PV installer SolarCity. The company will install rooftop solar PV systems…
Facebook’s first half revenue doubles from a year ago. (Reuters) Fitch warns about downgrades of China and Japan. (Reuters) Department of Defense officials warn of cuts in the sum the government pays…
Bank of America (NYSE: BAC) has announced another management reorganization that seems to do nothing to solve the bank’s balance sheet and legal problems. That makes the new structure useless. Tom Montag…
Douglas A. McIntyre Yahoo! (NASDAQ: YHOO) CEO Carol Bartz fired over the phone. (Reuters) Obama may propose a $300 billion employment package with tax cuts and new expenditures to train workers. (Reuters) Pressure increases on…
Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) may settle charges made by several states over “robo-signing” practices. (FT) Lockheed Martin (NYSE: LMT)…
It is Bank of America’s (NYSE: BAC) turn to sell off 10%. Deutsche Bank dropped 8.9% in trading today. Royal Bank of Scotland fell 12.3%, and Societe Generale 8.6%. The reasons for…
Douglas A. McIntyre If it is true, it would be another sign of desperation. The Charlotte Observer reports that Bank of America (NYSE: BAC) could lay-off 30,000 people over several years. The bank has come…
Jon OggThe recovery has been stalling and it is becoming easier and easier to argue that the next recession (often mislabeled as a double-dip recession) is afoot. Friday’s net-zero in August non-Farm…
American International Group, Inc. (NYSE: AIG) has filed a registration Form S-1 for a proposed initial public offering of its wholly-owned IFLC Holdings, Inc. subsidiary. IFLC is the aircraft leasing unit of…
Federal authorities want a plan from Bank of America (NYSE: BAC) to cover plans if its financial situation gets much worse (WSJ) Regulators have pressed high frequency traders to reveal their holdings…
Douglas A. McIntyre To say that the situation had become painful at Bank of America (NYSE: BAC) would be the understatement of the year. Shares were trading at $10.22 on July 21, before the meltdown…
U.S. regulators may ask high-frequency trading firms to provide details of their trades. (Reuters) The Federal Reserve tells Goldman Sachs (NYSE: GS) it must review its foreclosure records. (Reuters) Experts cut expectations…
An Institute for Policy Studies report says many CEOs at the 100 largest U.S. companies made more than their companies paid in taxes. (Reuters) Bank of America (NYSE: BAC) knew of a…
