Banks were already having a good day, but a new ruling has come out from the Federal Reserve on interchange fees. Maybe the proper description would be “less bad” of news. Banks…
Bank of America Corporation (NYSE: BAC) is showing investors this morning that its book value may actually be more relevant than what it had been given credit for. The largest bank by…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. AK Steel Holding Corporation (NYSE: AKS) Raised to Buy at Deutsche…
Microsoft (NASDAQ: MSFT) launched its new cloud product, Office 365. Many of the business clients of the world’s largest software company no longer want Office to run on their PCs and servers.…
Do voluntary markets for renewable energy work? Government-mandated energy portfolios sort of work although the energy costs more and utilities — and consumers — often wail at having to buy the more…
China has loosened up its regulations and will now allow banks to distribute foreign mutual funds later this year. Winners are expected to be Citigroup, Inc. (NYSE: C) and HSBC Holdings plc…
The stock market may have bounced after six straight weeks of selling, but things were getting bad enough that even the solid market leaders like Apple were being taken to the woodshed. …
Updated throughout the day. The SEC may file civil fraud cases against credit rating agencies (WSJ) Citigroup (NYSE: C) has not been able to sell its CitiFinancial unit (FT) William Ackman may…
Douglas A. McIntyre Bill Ackman and his Pershing Square could soon become a much more formidable activist when it comes to dealing with companies. Target Corporation (NYSE: TGT) might have not been one of Ackman’s…
Hackers attacked the CIA website. (Reuters) Citigroup (NYSE: C) said data on 360,000 customers was stolen nearly a month ago. (Reuters) Greek debt and concerns about economic slowdown hurt stock prices worldwide.…
Obama has tried to get the business community to support his concern that the lack of approval of an increase in the debt cap would be a catastrophe (Reuters) A former head…
Bank of America Corporation (NYSE: BAC) has found itself as the king of the mortgage mess after it decided to acquire Countrywide. By acquiring the company’s corpse rather than trying to just…
When investors get nervous, the one stock market segment that finds attention is “value funds” as investors look for protection but can still get upside of the stock market. Following the recent…
Twitter has, by most estimates, 225 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Douglas A. McIntyre A blue ribbon jobs council told Obama to put fewer restrictions on construction and make it easier for tourists to visit the US. (Reuters) Indonesia backed LeGarde for IMF chief. (Reuters) Trouble…
