Barclays PLC’s (NYSE: BCS) strong earnings briefly masked the great obstacles the bank faces because of the Libor scandal and management and board resignations. The bank made $6.4 billion last quarter. The…
Douglas A. McIntyre Now that Facebook (NASDAQ: FB) has issued its quarterly report and its stock has fallen another 10%, investors wonder how low the shares can go. Revenue last quarter rose to $1.184 billion…
Facebook Inc.’s (NASDAQ: FB) stock is hammered by earnings letdown. (Reuters) Samsung Electronic Co.’s earnings reach $5.9 billion mostly on smartphone sales. (Reuters) Barclays PLC’s (NYSE: BCS) profits rise sharply. (Reuters) The…
The three major US stock indexes opened higher this morning following European Central Bank president Mario Draghi’s promise to “do whatever it takes to preserve the euro” (our coverage here). What he…
Carlyle (NASDAQ: CG) may buy a unit of United Technologies (NYSE: UTX). (Reuters) More factories move to the United States as China’s manufacturing costs rise. (Reuters) The CEOs of Apple (NASDAQ: AAPL)…
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) is often considered the greatest investor in modern times. Some of us think that his status should be one of “The greatest…
Yahoo! (NASDAQ: YHOO) appoints Google’s (NASDAQ: GOOG) Marissa Mayer as CEO. (Reuters) A Senate report says that HSBC (NYSE: HBC) handled Iran and drug cartel funds. (Reuters) Many investors do not like Google’s move…
The Federal Reserve Bank of New York today has just released documents related to the Barclays-LIBOR scandal with Barclays PLC (NYSE: BCS). These documents were requested (request or demand?) by Chairman Neugebauer of…
Jon C. Ogg Italy may turn to the eurozone as it weighs options for its debt. (Reuters) AMR, still in Chapter 11, will consider mergers with other airlines, which could include US Airways (NYSE: LCC), JetBlue (NASDAQ:…
The now-former CEO of Barclays plc (NYSE: BCS), Robert Diamond, has given up his claim on $31 million in stock bonuses after being forced to resign following the scandal over the bank’s…
Manipulation in setting the London Inter Bank Offered Rate (Libor) has already cost the CEO of Barclays plc (NYSE: BCS) his job and cost the bank about $450 million in fines. Now…
Costco’s (NASDAQ: COST) results for June showed that one of the most successful retailers in the United States stumbled. Costco tends to cater to high-end shoppers, so its same-store sales could indicate that the…
The European Central Bank probably will cut rates due to weaknesses in EU economies. (Reuters) Some states push mediation as a way to keep people in their homes. (Reuters) US Airways (NYSE:…
The three major US stock indexes opened roughly flat this morning as European markets traded in advance of an expected cut in interest rates by the European Central Bank later this week.…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. ADTRAN Inc. (NASDAQ: ADTN) Cut to Equal-weight at Barclays. Alliant Energy Corp. (NYSE: LNT)…
