A federal judge approves a $25 billion mortgage misconduct settlement between the federal and several state governments and Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE:…
The rise in March domestic car and light truck sales was attributed largely to two factors. The first is that American’s need more fuel-efficient cars because of high gas prices. The second is that…
It is a sign of the times in which gasoline prices have raced toward $4 and could go higher as summer travel season approaches, or trouble in the Middle East boosts oil.…
Douglas A. McIntyre Ford (NYSE: F) posted a very modest sales gain of 5% in March compared to the same month last year. The company said, however, that the number represents the best March in…
Markets opened lower this morning but managed to recover fairly quickly following a report on robust manufacturing growth (our coverage here). The report on construction spending came in weaker than expected (our…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday. Some of these calls are moving the shares this morning. Amazon.com, Inc.…
The unemployment rate of the eurozone reached 10.8% in February, up from 10.0% a year ago according to EuroStat. Unlike the in United States, the trend is in the wrong direction. The lowest…
Ally Financial inc.Ally Financial Inc., the former finance arm of General Motors Co. (NYSE: GM) known as GMAC, received more than $17 billion in federal bailout funds in 2008 and is now…
Paul Ausick Members of Congress face new restrictions on insider trading. (Reuters) The UAW moves to organize a Volkswagen plant. (Reuters) A Brazilian oil regulator reports that the leak on a Chevron (NYSE: CVX)…
One more foreign car company will take the chance that the Chinese auto market, the world’s largest, will continue to expand. But car sales have not grown in the past year, and signs indicate they…
The new Apple (NASDAQ: AAPL) iPad may give off much more heat that its predecessors. (Reuters) JP Morgan (NYSE: JPM) will buy 19.9% of Chinese company Bridge Trust. (Reuters) Strong sales of…
Goldman Sachs (NYSE: GS) begins staff cuts as part of an annual review process. (Reuters) The Obama Administration is expected to help U.S. solar panel makers in a trade war with China.…
United Parcel Service (NYSE: UPS) will take over TNT Express for $6.85 billion. (Reuters) Apple (NASDAQ: AAPL) to announce plans for its $100 billion in cash. (Reuters) Dell (NASDAQ: DELL) says it…
Jon OggThese are some of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Apple Inc. (NASDAQ: AAPL) has seen targets raised this morning by Oppenheimer to…
The market value of General Motors (NYSE: GM) and Volkswagen, two of the largest car companies in the world, rely a great deal on their dominant positions in the Chinese market. That…
