Barclays (BCS) made $18 billion in the fourth quarter, which by any measure is stunning turnaround considering the problems the big bank had, and shared with most other multinational financial firms just…
Reuters: Barclays (NYSE:BCS) earned $18 billion, was more than forecast. Reuters: The Eurozone gave Greece 30 days to show progress on its deficit. Reuters: The number of accident claims involving Toyota (NYSE:TM)…
Markets in Asia were closed. The Nikkei rose .2% to 10,034. At the open in Europe, the FTSE rose .9% to 5,215. Barclays (NYSE:BCS) was up sharply after earnings. The Dax rose 1.2%…
Douglas A. McIntyre Markets in Asia were sharply lower. The Nikkei fell 2.9% to 10,057. The Hang Seng fell 3.3% to 19,675. The Shanghai Composite fell 1.6% to 2,939. At the open in Europe, the…
Douglas A. McIntyre Updated throughout the day. The hedge fund industry brought in $4.6 billion in December (Eurekahedge) Barclays (NYSE:BCS) may face a $27 billion deficit (Credit Suisse). JPMorgan (NYSE:JPM) is in exclusive talks to buy…
LaBranche & Co. Inc. (NYSE: LAB) has been rumored to be making a serious change or sale for some time. Tonight, that was partially confirmed. The company has signed a sale agreement…
Douglas A. McIntyre These are this Friday’s top analyst upgrades, downgrades, and initiations seen from early Wall Street research calls. There were several banking and broker-on-broker cuts: Morgan Stanley (NYSE: MS), Goldman Sachs Group (NYSE:…
Markets in Asia were modestly higher The Nikkei rose 1.1% to 10,756. The Hang Seng rose .1% to 22,297. China Mobile (NYSE:CHL) rose. The Shanghai Composite was up .1% to 3,196. At…
Douglas A. McIntyre Reuters: Merger activity will grow slowly in 2010. Reuters: Bank of America’s new CEO said he would focus on execution. Reuters: Profits at RIM (NASDAQ:RIMM) topped forecasts. Reuters: Oracle (NASDAQ:ORCL) posed a surprise…
Updated throughout the day. Updated 12.24 PM EST: HSBC (NYSE:HBC), Barclays (NYSE:BCS), and Standard Chartered may have large exposure to Dubai debt problems. (NYTimes) 12.08 PM EST: Google (NASDAQ:GOOG) is about to…
Updated throughout the day. Hershey (NYSE:HSY) and Nestle may enter the bidding for Cadbury (NYSE:CBY) (various) Microsoft (NASDAQ:MSFT) may pay content companies to block their content from Google (NASDAQ:GOOG) News and use…
These are this Wednesday’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Adobe Systems NASDAQ: ADBE) Cut to Perform at Oppenheimer. Barclays plc (NYSE: BCS) Cut to…
Reuters: Markets hit their 2009 highs. Reuters: Dodd is set to unveil his financial reform bill which calls for merging many bank regulators. Reuters: Kraft’s (NYSE:KFT) bid for Cadbury turned hostile. Reuters: …
Updated throughout the day. Update 12.05 PM EST: UBS (NYSE:UBS) may spin off PaineWebber (Breakingviews) GMAC has asked the Treasury Department for several billion more dollars in loans. (NYTimes) Barry Diller’s IACI (NASDAQ:IACI) might…
These are this Wednesday’s top ten analyst upgrades, downgrades, and initiations which we have seen early on from Wall Street research calls: ACE Limited (ACE) Started as Outperform at RBC Capital Markets.…