Some times it seems like Goldman Sachs (NYSE:GS) has a single-sided coin that always comes up heads. Documents recently released show that if CIT (CIT) fails, Goldman get $1 billion of money…
Douglas A. McIntyre Reuters: A bear market could kill the extraordinary rally in corporate bonds. Reuters: Treasury will announce three more funds are buying toxic assets. Reuters: Bank of America (BAC) will select an emergency…
Reuters: Solvay sold its drug unit to Abbott (ABT) foe $6.6 billion. Reuters: Kraft (KFT) will launch a hostile bid for Cadbury. Reuters: The World Bank said not to take the dollar’s…
Strauss Zelnick, former record exec, and former WSJ publisher Gordon Crovitz will buy BusinessWeek, (MHP) which was yesterday rumored to be closing. (BW) Nokia (NOK) will buy travel social network Dopplr for $20…
BlackRock Inc. (NYSE: BLK) hits a yearly high of $220.17 on analyst upgrade from Deutsche Securities. Most other asset managers saw declines today. Greenhill & Co. (NYSE: GHL) hit a yearly high…
Gap Inc. (NYSE: GPS) hits a yearly high of $22.54. Fellow retailers Polo Ralph Lauren (NYSE: RL), American Eagle Outfitters (NYSE: AEO) and J. Crew Group (NYSE: JCG) also hit yearly highs.…
“We think that the American taxpayer will be fully repaid” under the company’s plan”—Ed Liddy, AIG CEO, May 13, 2009 “At the end of the day, we believe we will be able…
Reuters: Obama is asking the G 20 to reshape the global economy. Reuters: Congress will demand details of the Bank of America/Merrill Lynch deal. Reuters: Holiday spending is expected to be flat.…
Dick Bove of Rochdale Securities does not care about John Mack leaving Morgan Stanley (NYSE: MS). In fact. you might think he’s even glad to see some new blood managing the company. …
KAR Holdings, Inc. is going to sound like a bit of a strange initial public offering if you have gotten used to the dismal US auto industry. The company has filed for…
Several consulting firms post annual figures for the world’s most valuable brands. The two best known are probably the Interbrand and BrandZ surveys. They are notably different, up until now at least.…
Meredith Whitney has come out with some key takes this morning that may be raining on the bull’s parade. For starters, Whitney was just named as the #39on the list of Fortune’s…
Douglas A. McIntyre There are still many upgrades coming considering the light and shortened week. These are this Wednesday’s top early bird analyst upgrades and positive research calls that we have seen: Capital One (COF)…
The Treasury wants to make banks, particularly large ones, increase their capital bases and improve their liquidity. In a statement, the department said, “Capital requirements for all banking firms should be increased,…
Warren Buffett is positioning Berkshire Hathaway Inc. (NYSE: BRK-A) to profit when the housing and property market returns to more normal levels. Now, he is teaming up with what many investors consider…