Next week is still a deep earnings week, but we tried and tried to keep this weekend’s edition of The Unusual Suspects as free and clear from earnings as we could. There…
Updated throughout the day. The Justice Department is looking into possible fraud involving mortgage-backed securities trading (WSJ) UAL (NASDAQ: UAUA) and Continental Airlines (NYSE: CAL) are closer to a merger (AP) Hewlett-Packard…
WSJ: Warren Buffett intends to discuss his investment in Goldman Sachs Group (NYSE: GS) at the Berkshire Hathaway (NYSE: BRK.B) annual meeting. Reuters: Federal authorities have started a criminal probe into Goldman.…
Reuters: Hewlett-Packard (NYSE: HPQ) will gamble on the smartphone industry with its buyout of Palm (NADSAQ: PALM) Reuters: The oil spill from a BP plc (NYSE: BP) rig is close to shore. Reuters: …
Updated throughout the day. UAL (NASDAQ: UAUA) and Continental (NYSE: CAL) are fighting over the respective value of their companies as they attempt a merger. A class action suit brought by female employees…
Reuters: A new panel to address the budget deficit will start work. Reuters: A lawyer for Goldman Sachs Group (NYSE: GS) said it is not an “evil empire.” Reuters: The euro slipped…
Reuters: Germany’s ruling party is keeping pressure on Greece to restructure debt. Reuters: The growth forecasts of the G20 do not make economic sense. Reuters: Oil moved higher on strong economic numbers.…
Reuters: The push for a stronger yuan has been modest at the G20 meetings. Reuters: A Goldman Sachs Group (NYSE: GS) Director Rajat Gupta told hedge fund billionaire Raj Rajaratnam about a $5 billion…
US Airways breaks off merger talks with UAL Corp. (Updated from MarketWatch at 10.50 AM EST) The IATA, the airline industry’s trade association which has over 220 members, reported that carriers lost…
The cost of the Iceland volcanic eruption to airlines has reached $1.7 billion and it has risen at a rate of $400 million from April 17 to 19 period. Some of Europe’s…
Douglas A. McIntyre Reuters: Goldmand Sachs Group, Inc (NYSE: GS) are standing behind the company. Reuters: Chinas said the chances of the yuan rising are more likely. Reuters: Toyota Motor (NYSE: TM) is expect to…
Robert Herbst, airline analyst and founder of AirlineFinancials.com, estimates the five US passenger airlines with European operations are collectively losing $35.8 million in revenue per day since Friday, April 16 (losses for…
From the IATA (International Air Transport Association), an estimate of what the Iceland volcano is costing the airline industry per day–$200 million. The IATA represents 220 airlines comprising 93% of scheduled international air…
Reuters: The Fed backed “extending language” on rates. Reuters: About 60% CDS could be cleared centrally according to experts. Reuters: Bank of America Corporation (NYSE: BAC) and Symphony will link up on…
These are this Monday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Arch Coal Inc. (NYSE: ACI) Raised to Buy at Citigroup. ARM Holdings (NASDAQ: ARMH) Cut to…
