TPG may invest $1 billion in troubled Olympus. (Reuters) President Obama to ask for a $1.2 trillion increase in the national debt ceiling. (Reuters) China’s foreign currency reserves drop to $3.18 trillion,…
J.P. Morgan Chase & Co. (NYSE: JPM) is about to report earnings Friday morning as the first bank and second DJIA component kicking off earnings season. We wanted to make a preview…
Vikram Pandit, the CEO of Citigroup (NYSE: C), wants more transparency of balance sheet risks at all financial institutions. It is a convenient argument because Citigroup has been forced into a series of disclosures…
Douglas A. McIntyre Dell (NASDAQ: DELL) to launch its first tablet PC late this year. (Reuters) NYSE Euronext (NYSE: NYX) and Deutsche Boerse will try to save their merger with a case for EC regulators. (Reuters)…
Each January, 24/7 Wall St. forecasts the publicly traded U.S. companies that will have the highest profits in the year ahead. This year, Apple (NASDAQ: AAPL) is likely to pass Exxon Mobil…
Bank of America Corporation (NYSE: BAC) was recently named as one of the Top DJIA Stocks With Upside for 2012. The problem is that the target price from the consensus analyst reading…
If there is a banking and financial boutique that investors pay attention to, it is Keefe Bruyette & Woods. The firm is out with a note trimming fourth quarter bank earnings, handily cutting estimates in…
Obama nominates Jeremy Stein and Jerome Powell to take seats at the Federal Reserve. (Reuters) New York Times (NYSE: NYT) sells its regional media group for $143 million. (Reuters) The U.S. Treasury…
The US Federal Reserve has issued proposed regulations that would put additional requirements on large US banks. The banks sure to be affected by the new rules include Goldman Sachs Group Inc.…
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…
