ThinkstockU.K.-based Barclays PLC (NYSE: BCS) is refusing to pay fines totaling $470 million levied against the bank by the U.S. Federal Energy Regulatory Commission (FERC) related to electricity trading by four former…
courtesy of Leonid Mamchenkov, via WikimediaJust over a decade ago, Sony Ericsson was one of the hottest cell phone makers in the world. Similarly, Cingular was one of the most popular wireless…
ThinkstockS&P must believe that a new credit crisis is on the way, or at least there is a reasonably good chance there could be. It hit several of the world’s largest banks…
courtesy of AOL, IncGartner reports that smartphone sales grew in the first quarter and Samsung continued to gain share. (MarketWatch) The AP says the U.S. Department of Justice took some of the…
ThinkstockI already have gone on the record that the taxation of deposits in Cyprus is nothing short of theft. Regardless of a bloated banking system that was in shambles, taking depositors’ assets under…
ThinkstockThe restructuring of the financial services industry, which has ranged from 30,000 layoffs at Bank of America Corp. (NYSE: BAC) to cuts at Citigroup Inc. (NYSE: C) and Barclays PLC (NYSE: BCS),…
ThinkstockHSBC Job Cuts The restructuring of the financial services industry, which has ranged from 30,000 layoffs at Bank of America Corp. (NYSE: BAC) to cuts at Citigroup Inc. (NYSE: C) and Barclays…
courtesy of AOL, IncThe European Central Bank cuts its growth forecasts for group members and says inflation is not a threat. (Reuters) The Motorola division of Google Inc. (NASDAQ: GOOG) will cut…
Jon OggThese are some of this Thursday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Barclays PLC (NYSE: BCS) raised to Outperform at Bernstein. BHP Billiton Ltd. (NYSE:…
U.S. equity markets opened flat to lower this morning as it waited for data on U.S. housing starts and producer price inflation. In Europe, markets got some downward signals from a higher-than-expected…
Jon OggThese are some of this Wednesday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Access Midstream Partners L.P. (NYSE: ACMP) reiterated Outperform but on Focus List at…
ThinkstockBarclays PLC (NYSE: BCS) announced poor 2012 earnings and promptly fired 3,700 people. Management said that results were hurt by bad payment protection on loans and credit cards. Other banks likely will…
Douglas A. McIntyre ThinkstockBarclays PLC (NYSE: BCS) will cut 3,700 jobs as the troubled bank restructures. (Reuters) Nokia Corp. (NYSE: NOK) adds to its low-priced Asha line. (Reuters) A judge approves a request by Apple…
courtesy of NetflixGermany continues to battle France over the use of stimulus to help jump-start the EU economy. (Reuters) U.S. Airways Group Inc. (NYSE: LCC) and AMR probably will close an $11 billion…
ThinkstockWe have written at great length about the resurgence of homebuilding in the United States. Like any other sector, if you go long enough without production, demand catches up with supply. Doomsday…
