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…
These are some of the calls in the financial sector that are impacting shares at major financial companies this Thursday morning: Barclays (NYSE: BCS) Raised to Overweight at Morgan Stanley. Citigroup (NYSE:…
Goldman Sachs researchers have decided that Citigroup (C) could lose another $9 billion in the second quarter. The big money center bank does not have that kind of capital on hand. According…
The market was happy to see Barclays (BCS) raise nearly $8.9 billion. The stock traded up in London. No one seems to care that the need for capital meant the firm was…
Douglas A. McIntyre According to Reuters, the Fed is seen as holding rates on fears of inflation. Reuters writes that the CEO of Nissan is bracing for the worst in the US. Reuters writes that…
A large number of the banks and brokerages in the US and EU have turned to sovereign funds in Asia and the Middle East to replenish their reserves after taking huge losses…
What is for sale on Wall St.? It depends on who one wants to believe. Some rumors are false and may be planted for nefarious reasons. Others are true, but their truth…
According to Reuters, Microsoft (MSFT) is proposing to buy Yahoo!’s (YHOO) search business. Reuters writes that Barclays (BCS) is looking at a possible bid for Lehman (LEH). Reuters reports that customer satisfaction…
Barclays (BCS) said it would take a write-down of about $2 billion in impaired assets, some of them related to mortgages. The big Brit bank may have to raise $1 billion to…
Douglas A. McIntyre According to Reuters, profits fell at Barclays (BCS) due to large write-offs. Reuters writes that Carl Icahn has decide to begin a proxy fight against Yahoo! (YHOO) Reuters reports that Sony (SNE)…
Markets in Europe were off at 6.45 AM New York time. The FTSE was down .2% to 6,252. Barclays (BCS) was off 2.5% to 463.25. Unilever was up 3.9% to 1727. The…
Since the government is blamed for all ills and catastrophes it should be praised for the good and right that it does. The SEC said yesterday that brokerages could not keep the…
Douglas A. McIntyre