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 In a threat to a national settlement related to the foreclosure “robo-signing” investigation, the attorney general of Massachusetts has filed suit against Bank of America Corp. (NYSE: BAC), J.P. Morgan Chase &…
New from ADP that the private sector added 206,000 jobs this month helped push stocks higher. The three major exchanges–DJIA, NASDAQ, and S&P 500 were up nearly 3% Some stock of major…
Corporations can spend hundreds of million dollars just so they can put their name on a major league sports stadiums. 24/7 Wall St. looked that the 13 largest stadium-naming rights deals and…
Standard & Poor’s is at it again… more downgrades and this time in the ailing banking sector. While we focused solely on the U.S.-based banks here, the downgrade was handed aimed at…
S&P may cut its outlook on France’s AAA debt. (Reuters) A judge blocks the $285 million settlement between Citigroup (NYSE: C) and the SEC. (Reuters) Amazon.com (NASDAQ: AMZN) says Kindle sales rose…
US indices rose over 3%. The DJIA was higher by 2.83% to 11,549. The NASDAQ was higher by 3.58% to 2,529. The S&P was up by 3.23% to 1,196. The stocks of…
