It seems that even the Governator is having a hard time saving California, and many are blaming him for the state’s ballooning budget deficit. The company is facing billions in deficits and…
Reuters: The US outlined new financial market reforms. Reuters: Obama lobbied MDs on his new healthcare package. Reuters: Russia hosted the first BRIC summit. Reuters: B of A’s (BAC) BlackRock (BLK) stake…
BlackRock (BLK), the top-tier money management firm, showed that large M&A transactions can be closed, even in a tight economy, if the buyer has a sterling reputation and long-term record of significant…
Reuters: Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion Reuters: WHO declared a flu epidemic Reuters: Congress bash Fed, Treasury, and B of A (BAC) on Merrill Reuters: US is…
Reuters: Fiat closed its deal for control of Chrysler. Reuters: California may be hit by an economic “meltdown.” Reuters: May foreclosures were third highest month ever recorded. Reuters: The US named a…
Reuters: 3D is bringing a new dimension to the computer world. Reuters: The Supreme Court was asked to block Chrysler sale. Reuters: China bankers called for US sales of yuan bonds. Reuters: …
Bank of America Corporation (NYSE: BAC) just started out its annual shareholder meeting with a traditional introduction from CEO Ken Lewis. It is no shock that he is under fire today, and…
Being in the mutual fund and institutional money management business is almost as bad as being in commercial banking. Several companies in the industry have lost half of their assets between redemptions…
The Fed will step into the market next year and buy mortgage-backed securities with a vengeance. It has finally dawned on the agency that cutting rates and providing banks with low-cost emergency…
These are some of the top pre-market analyst upgrades and downgrades we are seeing this Tuesday morning: AutoDesk (ADSK) Started as Buy at KeyBanc. Covanta (CVA) Started as Buy at Jefferies. Smithfield…
According to CNBC, Merrill Lynch (MER) will sell its share in Bloomberg to trust holding Bloomberg ownership for $4.5 billion. The same reports says that Merrill will not sell its piece of…
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…
These are ten of the analyst calls we are keying in on this Friday morning: Apple (NASDAQ: AAPL) added to CONVICTION BUY LIST at Goldman Sachs; stock up 2% pre-market. ArcelorMittal (NYSE:…
According to Reuters, the head of strategy at Microsoft (MSFT) says it deal to acquire Yahoo! (YHOO) is over. Reuters writes that Toyota (TM) posted a 28% drop in profit due to…
BlackRock, Inc. (NYSE: BLK) posted a 25% gain in earnings, but reported $1.90 EPS versus $2.00 estimates; Assets under management are now $1.364 Trillion. Shares are trading down by 2% pre-market. JPMorgan…
