Zynga posts at the high end of its IPO range and will raise $1 billion. (Reuters) Congress reaches a tentative deal to keep the government open. (Reuters) Bill Gross’s PIMCO Total Return Fund…
Updated throughout the day The SEC will press to get a federal judge to approve a mortgage paper deal with Citigroup (NYSE: C) Foreign banks operating in the US have lost deposits…
Douglas A. McIntyre Olympus may hire its former CEO, Michael Woodford, in the midst of an accounting scandal. (Reuters) Foreign investment in China drops for the first time in 28 months. (Reuters) Holiday sales continue…
If there is one money-center bank in America which is deemed quality and which can pass stress tests, it is J.P. Morgan Chase & Co. (NYSE: JPM). We also have it earmarked…
People who were asked which is more of a threat to the U.S. — big business or big government — picked big government by a more than two-to-one margin. Consider it a sign…
Congress, close to a budget agreement, may avoid a government shutdown. (Reuters) Washington Mutual shareholders and creditors set a deal that could allow an exit from bankruptcy. (Reuters) The policy meeting of…
Equity markets opened higher this morning as an agreement on dealing with the Eurozone’s debt crisis boosted markets. Shares climbed during the day, recovering some of the losses in yesterday’s bear market.…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. Citigroup, Inc. (NYSE: C) Started as Equal-Weight by Evercore Partners. Costco…
Japan’s Securities and Exchange Surveillance Committee, the watchdog organization for the country’s Financial Services Agency, is seeking penalties against the country’s units of UBS AG (NYSE: UBS) and Citigroup Inc. (NYSE: C)…
The attorneys general of Nevada and California have agreed to co-operate in an investigation of of mortgage fraud and lender misconduct and not to be part of the ongoing settlement talks between…
Eleven American companies have laid off a total of nearly 600,000 people in the past two decades. Each also fired a large number of employees at one time to earn it a…
The board of Olympus may resign by late February. (Reuters) China says its annual rate of growth slowed between October and November. (Reuters) Congress pressures the CFTC for stronger regulation after the…
Bank of America (NYSE: BAC) CEO Brian Moynihan has no credibility left on Wall St. That makes his comments that the financial firm’s balance sheet has improved hard to believe. Skepticism will continue…
A New Bailout Fund. Rumors suggest that leading eurozone nations, particularly France and Germany, may have begun the process to create a large bailout fund for the financially weak nations in the region.…
According to media reports, Citigroup (NYSE: C) will fire 4,500 people MarketWatch reports The bank will make the cuts which are less than 2% of its workforce, in an effort to trim costs,…
Douglas A. McIntyre 
