Markets in Asia were mostly lower. The Nikkei fell .7% to 8,273.Mitsubishi Corp fell sharply. The Hang Seng was off ,4% to 12,859. The Shanghai Composite was up 6.1% to 2,018. At…
Douglas A. McIntyre The market message has been the same for the entire last week. Carnage and mayhem. But what is interesting is how many household companies and how many widely held stocks have this…
Barclays (BCS) turned down cash from the UK government. Unlike most large US banks, it did not want to trade independence for money. Companies such as Goldman Sachs (GS), JP Morgan (JPM),…
According to Reuters, the economy contracted in the third quarter as consumer spending dropped sharply. Reuters writes that Fidelity Magellan Fund bought shares in big banks in September including Bank of America…
According to Reuters, disappointing earnings pushed Wall St. down. Reuters reports that Yahoo! (YHOO) profits dropped and the company will cut jobs. Reuters writes that Kirk Kerkorian sold part of his Ford…
These are some of the top analyst upgrades and downgrades we are seeing from Wall Street analysts this Thursday morning: Anadarko Petroleum (APC) Raised to Buy at Jefferies. ATP Oil & Gas…
According to Reuters, world markets are waiting to see how the bailout of banks in Europe and the US will work. Reuters reports that Japan’s Mitsubishi UFJ Financial Group is looking for…
The UK has begun a partial nationalization of its major banks. The move may well include some of Britain’s largest financial firms such as Barclays (BCS) and HSBC (HBC). The government views…
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for two years in exchange for a 79.9% stake. Reuters says that Barclays…
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me Shall be my brother; be he ne’er so vile… Saint…
Sorting out the potential aspects of a rescue of Lehman (LEH) has become like working on the puzzle of a Rubik’s Cube. The front runner in the bidding is probably Barclays (BCS),…
Douglas A. McIntyre According to Reuters, Freddie Mac (FRE) now has a negative net worth which means some investors think it should trade close to zero. Reuters writes that AIG (AIG) posted a huge loss…
According to Reuters, a new tally of votes for the Yahoo! (YHOO) board election shows a high percentage of protest votes. Reuters reports that the Fed held rates steady and indicated it…
No one hears much about the Bank for International Settlements but It deals with central banks worldwide and probably has as good a fix on the global economy as any single entity.…
Douglas A. McIntyre According to Reuters, Steve Ballmer has become the lone voice at the head of Microsoft (MSFT). Reuters writes that fund managers hope that clients from sovereign funds will fill the gap left…
