Citigroup, Inc. (NYSE: C) is seeing what appears to be a slight positive reaction to its earnings beat. The banking giant reported earnings Monday morning with $0.08 EPS versus Thomson Reuters estimates…
Jon C. Ogg The week of October 18 to 22 is jam-packed with earnings. It also happens that eleven of the thirty DJIA components reporting earnings will be delivered next week. On deck are such…
Bank of America (NYSE: BAC) and Apple Inc. (NASDAQ: AAPL) are a nearly perfect cameo of where the stock market is now, and where it is likely to remain after earnings season.…
Updated throughout the day. Sinochem and Canadian pension are at work on separate deal to buy Potash (NYSE: POT) (The Times) Citigroup (NYSE: C) may move to increase its transaction business in…
Douglas A. McIntyre When I interviewed General Electric Co. (NYSE: GE) CEO Jeff Immelt at the company’s annual meeting in Houston earlier this year, there were two key things that stood out on top of…
The TARP program is no more. The Treasury Department issued its final report on the cornerstone project meant to save the US financial system from failure. “In light of the recently announced…
The IMF (International Monetary Fund) says that trouble with the sovereign debt markets and a collapsed real estate market in America have undermined the global financial recovery. Based on its statements, the…
Ireland’s economy is in a state of chaos thanks to a taxation system that is both inefficient and unfair. About the only group not complaining are the many American companies who consider…
The Wall Street austerity of 2008 and 2009 has quickly given in to a bounty of riches for the top tier of management at large financial firms. Proxies showed this began late…
Douglas A. McIntyre Reuters:  American International Group (NYSE: AIG) and the Treasury are closer to a deal to recoup the taxpayers’ investment in the insurer. Reuters:  China said movement on a bill to force revaluation…
Updated throughout the day. Citigroup (NYSE: C) may sell its stake in Student Loan Corp (NYSE: STU) (NYPost) Carlyle Group may take a position in several hedge funds (Bloomberg) Apple Inc (NASDAQ:…
Penny stocks, high-fliers, and actively traded low priced stocks are often the favorites for active traders and short sellers alike. Short interest is often used as a measure for or against the…
Perhaps the biggest news of the week was that JPMorgan Chase & Co. (NYSE: JPM) was closing down its proprietary trading operations. The ramifications were taken out of context. On the surface,…
When historians write the definitive account of the Great Recession in coming decades, one of the major questions they will tackle is why the government decided to allow Lehman Brothers go bankrupt…
The Institute for Policy Studies, a progressive think tank, has published its 17th annual survey of CEO compensation, noting, among other things, that CEOs of the 50 firms that have laid off…
