John Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way down. But the financial world found out in August that Paulson &…
Updated throughout the day. Updated 10.30 AM EST: PALM (NASDAQ:PALM) shares are up on speculation that Dell (NASDAQ:DELL) or Nokia (NYSE:NOK) will buy the faltering handset firm (VSInvestor) Former Goldman Sachs (NYSE:GS)…
Jon Corzine recently lost the gubernatorial race in New Jersey. He is also a very wealthy Wall Streeter that is a former disciple of Goldman Sachs Group Inc. (NYSE: GS). He is…
Reuters: China is the key stop on Obama’s tour of Asia. Reuters: South Korea’s businesses may start to feel more pressure from China competitors.. Reuters: Hewlett-Packard (NYSE:HPQ) bought 3Com (NYSE:COM) for $3.1…
Reuters: Two Bear Stearns hedge fund managers were acquited. Reuters: Zucker, NBCU’s current CEO, will head the company when Comcast (NASDAQ:CMCSA) buys a majority of the company from GE (NYSE:GE). Reuters: Dodd’s super-bank regulator…
By Douglas A. McIntyre Lloyd Blankfein, the CEO of Goldman Sachs (GS) has put an unusual spin on the bank’s activities. He says his firm is doing “God’s work.” This may seem…
Douglas A. McIntyre Reuters: Hurricane Ida is heading toward Gulf oil fields. Reuters: Kraft (NYSE:KFT) will make its bid for Cadbury. Reuters: GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) have agreed to an NBCU valuation. Reuters: The…
There has been plenty of evidence that firms like Goldman Sachs (NYSE:GS) have had such huge profits that their bonus payouts may be at all-time highs. The federal government has systematically begun…
Douglas A. McIntyre Reuters: Toyota (NYSE:TM) returned to a profit. Reuters: The Fed will keep rates near zero for an extended period. Reuters: Cisco (NASDAQ:CSCO) beat forecasts. Reuters: Gold is near $1,100.
Updated throughout the day. Updated 10.30 AM EST: Oracle (NASDAQ:ORCL) believes that EU authorities may try to block its buy-out of Sun (NASDAQ:JAVA) (FT) Updated 10:26 AM EST: Apollo Management is buying debt…
Reuters: The value of the yuan could cause a trade war between the US and China. Reuters: Executive pensions rose despite drops in stock prices. Reuters: Lloyds will make a large stock…
Updated throughout the day. Updated 1.05 PM EST: Las Vagas Sands (NYSE:LVS) will try to raise $2.5 billion though an IPO in Hong Kong (AP) Updated 11.12 AM EST: Pfizer (NYSE:PFE) is…
Reuters: Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy. Reuters: Summers will lead a high level meeting on the economy. Reuters: US companies are holding more cash. Reuters: …
Reuters: UBS (NYSE:UBS) will put in a new US chief. Reuters: Goldman Sachs (NYSE:GS) says “dark pools” help investors. Reuters: The US is welcoming the rise of the yuan. Retuers: Nelson Peltz’s…
Bankers have become more and more adroit at shooting themselves in the foot this year. Congress, the Administration and the public are already upset by actions that they believe caused the credit…