According to Reuters, government talk of auto company bankruptcy may cause creditors and the UAW to renew talks with GM (GM) and Chrysler. Reuters reports that Obama is talking a hefty agenda…
Today was a critical day for the banking sector. The country’s top banking chiefs met with President Obama over the recent discrepancies in TARP fund ramifications, paying back the TARP, executive compensation,…
ConocoPhillips Corporation (NYSE:COP) got a mixed blessing from Goldman Sachs Group Inc. (NYSE:GS) this morning. The bank raised its rating on Conoco from ‘Neutral’ to ‘Buy’ based on Conoco’s valuation. That’s on…
These are ten of the top impact research calls with upgrades and downgrades from Wall Street early this Friday morning: Amgen (AMGN) Raised to Overweight at JPMorgan. ConocoPhillips (COP) Raised to Buy…
A great deal has been made about the Nasdaq going from being down 25% for the year to being up for 2009. The furious rally might continue, but it probably won’t. That…
According to Reuters, the Obama financial reforms face a bumpy road. Reuters reports that the NY State Attorney General has subpoenaed AIG (AIG) over its CDS contracts. Reuters reports that Obama’s financial…
According to Reuters, Obama said that the recession would be halted by government efforts. Reuters reports that Treasury wants broad new powers to wind down troubled non-bank financial firms. Reuters reports that…
Paying back TARP cash is good for Goldman, better for the country. By Mark Gimein of The Big Money Conventional wisdom over the last week has gone from “it’s outrageous that folks…
Douglas A. McIntyre According to Reuters, a number of AIG (AIG) employees gave back their bonuses. Reuters reports that economist Martin Feldstein said the recession may last well into 2010 and the government may have…
Chinese capital usually makes it way to the US Treasury when the communist central government buys American debt. It is the most direct route, but clearly not the only one. According to…
Douglas A. McIntyre According to Reuters, AIG (AIG) will have to pay taxpayers back for bonuses it paid out before it can get its next $30 billion in loans. Reuters reports that Coke (KO) is…
Meredith Whitney is and was one of the most influential banking analysts on Wall Street. She was negative on the banking and investment banking sector for roughly two years and has been…
Cisco Systems, Inc. (NASDAQ: CSCO) is trading up 2% at $15.78 in active pre-market trading this morning. It seems that Goldman Sachs decided it likes this new unified computing system push announced…
As you will see below, there are many new calls in the banking and brokerage sector this Tuesday morning: Morgan Stanley (NYSE: MS), Goldman Sachs (NYSE: GS) Started as Outperform at Oppenheimer. …
According to Reuters, Obama faces backlash due to AIG (AIG) compensation issues which could set bank his efforts to salvage the financial system. Reuters reports that Lehman will put two of its…
