American International Group, Inc. (NYSE: AIG) is seeing a significant trading event today. Today’s news is rumor-driven on top of related news-driven trading. What is odd is that there is now potentially…
Updated throughout the day. Microsoft (MSFT) will launch a phone with Verizon Wireless. (Gizmodo) Swiss commodity trader Glencore bought back its Prodeco coal operations in Colombia from mining group Xstrata and is looking for partners…
Reuters: The House passed the $15 billion jobs bill. Reuters: China will slow government stimulus spending. Reuters: Toyota (TM) said there is no evidence of unintended acceleration in fixed cars.
Reuters: The Senate rejected a plan to send $250 to the elderly. Reuters: Obama is still pushing the Volcker rule. Reuters: The Facebook CEO is in no rush for an IPO. Reuters: …
There is a common search that value investors, momentum investors, growth investors, and traders all look through for various price screens to help on deciding when to a buy or sell a…
Reuters: The Senate overcame opposition to allow jobless benefits to be extended. Reuters: China will hope to keep the value of the yuan steady. Reuters: JC Penney (JCP) will focus on exclusive…
Lehman’s bankruptcy is believed to be the largest in US history. Now, Bloomberg has reported that a new regulatory filing revealed that various consulting and legal firms and other lucky advisors that became part…
Esteemed banking analyst Meredith Whitney just gave a CNBC interview a year after starting that she was starting Meredith Whitney Advisory Group. She is still very cautious on the banking sector and…
Updated throughout the day. Apple (AAPL) may have a deal with book publishers to sell e-books for $9.99. (NYTimes) Greece may issue a 10-year bond next week with a value of $6.8…
It is easier said than done. The US government wants to oversee the bank system in a way that would check for the kind of systemic problems that froze the credit markets…
“Ashes to ashes , dust to dust”…The Book of Common Prayer “Remember Caesar, thou art mortal” — William Shakespeare The media creates and distributes hundreds of lists of the most powerful, the richest, and …
Updated throughout the day. KTO Capital Partners will $330 million in Asia hedge funds (Bloomberg). The CEO of former Citigroup (NYSE:C) energy trading unit, Philbro, will start a hedge fund–Astenbeck Capital Management.…
Short interest in major banks rose sharply for the period that ended on January 31. Share short in Citigroup (NYSE:C) were up 11% to 439 million. The short interest in Bank of…
Reuters: Honda (NYSE:HMC) expanded its recall by 440,000 as more Toyota (NYSE:TM) models were probed. Reuters: ArcelorMittal sees a slow improvement in steel production in Q1. Reuters: IMF aid for Greece may…
The recent trading days have been more than interesting in the market and in the financial sector. The big change came right at the same time that the banks looked poised for…
