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…
WSJ: Burger King (NYSE: BKC) is considering a private equity buyout. Reuters: China’s manufacturing sector grew. Reuters: China may probe the BHP Billiton (NYSE: BHP) buyout offer for Potash (NYSE: POT). Reuters: …
Many traders and investors love the active penny-stocks and low-priced stocks, and the short interest is often used as a measure for or against the shares of the active cult stocks. The…
There are some big stocks for active traders and day traders to ponder this morning. On the move are Ambac Financial Group, Inc. (NYSE: ABK), ASML Holding N.V. (NASDAQ: ASML), AVI Biopharma,…
Bank of America (NYSE: BAC) shares have dropped to 52-week low in the last few days. So has Wells Fargo (NYSE: WFC). Morgan Stanley (NYSE: MS) and Citigroup (NYSE: C), and quasi-bank…
If no one wants to borrow money even as long-term interest rates are low and going lower, then it’s hard to see how a bank is going to make money. That, at…
What happens when large hedge funds shut down? They unload their holdings, at least assuming the clients say they would prefer to receive share distributions. Stanley Druckenmiller is shutting down his Duquesne…
Reuters: The GM IPO is about to be filed. Reuters: Several members of the Senate want the FCC to push ahead with its own internet rules and not rely on Google (NASDAQ:…
Short sellers pulled out of telecom stocks for the period ending on July 30, after many of them reported weak earnings. Investors are gambling that most of these shares are not likely…
Updated throughout the day Citigroup (NYSE: C) put up its Egg online bank business (FT) Motorola (NYSE: MOT) and Verizon Communications (NYSE: VZ) will launch a tablet to compete with the Apple…
Citigroup, Inc. (NYSE: C) is still trying to pare itself down to the core-Citi operations. It is going to take years to carry out. A story from Sky News in the U.K.…
Updated throughout the day. Facebook may postpone its IPO until 2012 (Reuters) American International Group (NYSE: AIG) will add Citigroup (NYSE: C) as another underwriter of its AIA IPO. (Reuters) China hedge…
Reuters: Second quarter growth slowed on imports and lower consumer spending. Reuters: Republicans blocked a small business plan. Reuters: The House will take up legislation on offshore drilling. Reuters: Citigroup (NYSE: C)…
