Zerohedge: Empire Fed Manufacturing Misses Expectations; Hopium Ends As Future Conditions Index Lowest Since February 2009 http://www.zerohedge.com/node/439229 MSNBC: Citigroup’s net income jumps 73 percent http://on.msnbc.com/qpgJkt MarketWatch: Empire State regional factories index stays…
Citigroup, Inc. (NYSE: C) is out with earnings and the headline figure looks like a substantial beat at $1.23 EPS versus $0.82 EPS estimates. The headline number includes an accounting benefit of…
Philips Electronics may be unable to shed its TV operation and will fire 4,500. (Reuters) Kinder Morgan (NYSE: KMI) to buy El Paso (NYSE: EP) for $21 billion and will save $250…
Jon OggEarnings season is upon us and so far things are shaping up either a bit better, or less-bad, than what the news reports and headlines might have led investors to believe.…
Whether or not you like the earnings report from J.P.Morgan Chase & Co. (NYSE: JPM) probably depends upon which news outlet you read. The earnings are lower, but by less than expected. …
You hear it all the time… “This bank is so cheap against book value that it cannot go lower.” Book value, and even tangible book value, has become a pre-recession metric that…
They’re Here! Next week will launch the corporate earnings season for the third quarter. The media is going to tell you that this is the most important earnings season in quite some…
Tim Geithner is probably tired of having to come to the rescue of financial firms, which are all some part of the Occupy Wall Street protests. Yet that is what he did…
At times it seems that highly paid CEOs live in another universe that is barely related to the world the rest of us inhabit. And the CEOs of the largest US banks…
Are the Wall Street bankers, traders, and brokers really starting to do the right thing when it comes to controlled greed and compensation? If you ask the poor Wall Street protesters, probably…
World stock markets hit 15-month lows. (Reuters) Apple (NASDAQ: AAPL) to launch the iPhone 5 as competition grows from Google’s (NASDAQ: GOOG) Android. (Reuters) China warns of a trade war if Congress…
Updated throughout the day Citigroup (NYSE: C) may replace key Japanese executives after regulatory problems (WSJ) Yahoo! (NASDAQ: YHOO) has started to look for a CEO (WSJ) Douglas A. McIntyre
Douglas A. McIntyre The only way to fix the U.S. economy may be massive debt reductions for individuals and governments. (Reuters) Greece misses GDP targets. (Reuters) Intel (NASDAQ: INTC) buys mobile navigation company Telmap. (Reuters)…
For several years, investing in large alt energy projects depended on large commercial banks being able to profit from the tax equity generated by a project’s developer. That investment strategy began to…
The federal government begins to probe the accounting of several Chinese companies. (Reuters) EU markets to decline more this quarter than in any other since 2008. (Reuters) Bank of America (NYSE: BAC)…
