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…
courtesy of Facebook Inc.Liberty Global Inc. (NASDAQ: LBTYA) will buy U.K. cable firm Virgin Media Inc. (NASDAQ: VMED) for $15.75 billion. (Reuters) Royal Bank of Scotland Group PLC (NYSE: RBS) expects LIBOR penalties in…
courtesy of AOL, IncJapan Airlines approaches Boeing Co. (NYSE: BA) about the cost of its grounded 787 Dreamliner fleet. (Reuters) Electric cars sales may be hurt as the industry considers hydrogen-powered vehicles.…
ThinkstockIt is becoming increasingly apparent that Wall St. is keeping a sharp eye on companies in the oil service sector. As we reported earlier this week Deutsche Bank A.G. (NYSE: DB) upgraded…
courtesy of NetflixWall St. analysts chase price targets on the way up with higher and higher price targets. On the way down, they also keep lowering and lowering their price targets for…
courtesy of DellOK, so the buyout of Dell Inc. (NASDAQ: DELL) may not be as much hype as the market was originally thinking. Buying a company for more than $20 billion is no…
ThinkstockThe oil and gas industry increased its mergers and acquisitions deals in 2012 by 38% over 2011, according to Dealogic. M&A activity totaled $348 billion in 2012, the industry’s highest total since…
24/7 Wall St. has compiled an outlook from many sectors and for many indexes for 2013. Most strategists and economists are calling for upside. However, the fiscal cliff remains an issue in…
Thinkstock SeaWorld Entertainment Inc., which is wholly owned by The Blackstone Group L.P. (NYSE: BX), has filed for an initial public offering to raise $100 million. The number of shares on offer…
thinkstockThe Federal Reserve links bond buying to unemployment rates. (Reuters) The European Central Bank will have new authority over Europe’s banks. (Reuters) The U.S. Immigration and Customs Enforcement agency, which said it…
ThinkstockAnother hefty settlement is apparently due to be announced related to charges of money laundering that have hit some of the world’s biggest banks. The Wall Street Journal is reporting that HSBC…
A second major bank is near a settlement agreement with regulators related to charges of manipulating the Libor interest rate. Swiss banking giant UBS A.G. (NYSE: UBS) is expected to agree to…
