It is never a good thing to see a run on the banks. That is what the fears were recently indicating in Greece. The problem is that Spain is a much larger…
Alibaba buys back a 20% share held by Yahoo! (NASDAQ: YHOO) for a combination of cash and preferred shares worth $7.1 billion. (Reuters) The heads of Samsung and Apple (NASDAQ: AAPL) will discuss…
Voters in Greece and France turn away from German austerity measures set for the region’s weakest nations. (Reuters) AT&T (NYSE: T) moves into the home monitoring market. (Reuters) Ally Financial falls back…
nationsonline.orgThe U.S. stock markets have by and large been decoupled from the woes of Europe most of this year, as well as the slowing of growth in the key markets of China,…
European banks are taking it right on the chin, or maybe the chin and the nose. The reports of a bad Spanish debt auction managed to push up borrowing costs again and…
Mergers and acquisitions bankers may become subject to stricter rules for revealing their personal investments as a result of a review now being conducted at Goldman Sachs Group Inc. (NYSE: GS). A…
If you think ratings agencies do not quite matter any longer, today may be a reminder that they can still create at least some nervousness even if they are just late to…
Following a poor fourth-quarter earnings report, Britain’s Barclays plc (NYSE: BCS) will join other big banks like Deutsche Bank AG (NYSE: DB), Morgan Stanley (NYSE: MS), Credit Suisse AG (NYSE: CS), Citigroup…
The U.S. and state attorneys general reach a $25 billion settlement with five banks over mortgage abuses. (Reuters) The Hong Kong division of Alibaba may go private as part of a refinancing…
Goldman Sachs Group Inc. (NYSE: GS) has purchased $6.2 billion (face value) worth of American International Group Inc. (NYSE: AIG) subprime mortgage bonds from the New York Federal Reserve Bank. The bonds…
Five big banks have been invited by the Federal Reserve Bank of New York to bid on a stack of subprime paper with an unpaid prinicipal balance of $6 billion that was…
Glencore and Xtrata agree to a $90 billion merger. (Reuters) Greek leaders face a deal for settling sovereign debt matters as workers strike. (Reuters) Toyota (NYSE: TM) posts good third-quarter profits and…
The 24,000 employees of Barclays plc (NYSE: BCS) can look forward to an announcement next week that they will be getting a cut of 25%-30% in the compensation this year. That’s not…
Yahoo! (NASDAQ: YHOO) founder and former CEO Jerry Yang leaves the company’s board. (Reuters) The World Bank sharply cuts global growth forecasts. (Reuters) Greece and private creditors race to settle on a…
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…
