If you think that the higher regulation of banks and financial institutions is immaterial, it is not. Even if the banks need far more regulation than what they had been accustomed to,…
Chesapeake Energy Corp. (NYSE: CHK) sells assets to improve earnings. (Reuters) Standard Chartered may lose its New York banking license over allegations it hid $250 billion in transactions tied to Iran. (Reuters) Acer…
American International Group, Inc. (NYSE: AIG) is just one more step closer to being a self-governing company without the oversight of taxpayers and the government. Still, AIG owes all of us taxpayers…
The outplacement firm of Challenger, Gray & Christmas has released its job-cuts report for July, indicating that July layoffs declined by 2% from June’s layoff count, which had fallen by 45% from…
Bloomberg TV hosted the outspoken and well-known bank analyst Meredith Whitney early Tuesday morning about the banking sector and the future trends that have to be addressed in banking and brokerage operations. She…
There is a saying that goes like this: “For every saint there is a past, and for every sinner there is a future.” What happens when a big sinner looks for redemption?…
The USDA reports that drought has made a large increase in food prices likely. (Reuters) The government of Changsha in China launches a $130 billion stimulus program. (Reuters) Hackers have effectively attacked…
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)…
When Gallup asked people about the state of the economy this spring, as a recovery appeared to have taken hold, the polling company found “nearly half of Americans, 46%, still say the…
Eurozone officials set final terms for a bailout of Spain’s banks. (Reuters) Marissa Mayer will receive as much as $70 million to head Yahoo! (NASDAQ: YHOO). (Reuters) Banks hit by the Libor investigation may…
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 three major US stock indexes opened lower this morning following some lackluster data on the US economy. The Empire State manufacturing data improved, but retail sales posted an unexpected decline (our…
So far, Citigroup, Inc. (NYSE: C) is getting a favorable reaction to its second-quarter earnings report. The international banking giant’s earnings came in ahead of Wall St. consensus targets from Thomson Reuters,…
The three major US stock indexes opened higher this morning following the release of Chinese GDP and other data. The Middle Kingdom’s GDP grew at a rate of 7.6% in the second…
Wells Fargo & Co. (NYSE: WFC) has managed to beat earnings but it is obviously going to be in second place after J.P. Morgan Chase & Co. (NYSE: JPM). The bank still…
