Goldman Sachs Group (NYSE: GS) has raised its Brent Crude average oil prices for the years ahead. The firm has increased its price forecasts to reflect a continued tightening of global crude…
Douglas A. McIntyre Goldman Sachs (GS) announed EPS of $4.58, higher than consensus expectations of $3.42. Revenue also beat coming in at $9.42 billion against Wall St.’s guess of $8.74 billion. Net revenues in Investment…
Douglas A. McIntyre Just when you thought alternative energy and solar couldn’t get hyped any more by any new players, well guess again. Intel Corp. (NASDAQ: INTC) announced it is spinning off key assets of…
According to Reuters, AIG (AIG) fired its CEO and replaced him with the company’s chairman. Reuters reports that Carl Icahn says the Yahoo! (YHOO) deal with Google (GOOG) has merit. Reuters writes…
Dick Fuld, CEO of Lehman (LEH), may lose his jobs soon. Someone has to step in if the brokerage’s stock keeps falling. The company board knows that. Lehman’s COO and CFO has…
Lehman (LEH) appears to have raised $6 billion from places like The New Jersey Division of Investment and Hank Greenberg’s C.V. Starr fund. It is a nice chunk of change, but it…
Alltel may soon be acquired by Verizon Communications Inc. (NYSE: VZ), according to a breaking news report from CNBC‘s David Faber. Faber just noted that the companies are in advanced talks to…
GCA Acquisition (AMEX:GGA) has received anti-trust clearance related to its proposed $1.3 billion purchase of merchant power generator Complete Energy. Complete Energy owns two natural-gas-fired combined-cycle power plants: the 1,022-megawatt La Paloma…
Douglas A. McIntyre Liberty Lane Acquisition Corp. was going to be the first real special purpose acquisition company, or SPAC or blank check company, from Goldman Sachs Group Inc. (NYSE: GS). The key word in…
Douglas A. McIntyre Solar energy may be the wave of energy’s future, but companies like Google (GOOG) and Chevron (CVX) may best start-ups in getting to the benefits. A number of large American companies with…
Halliburton (NYSE: HAL) has made a conditional offer to Expro International, a British oil field services company, to acquire the company for 1.7 billion pounds (about $3.36 billion). What is interesting is…
UBS (UBS) had to raise money. The sins of its subprime addiction have come back to haunt it. US bank shareholders should shudder when they look at the pricing that the Swiss…
According to Reuters, Microsoft (MSFT) is proposing to buy Yahoo!’s (YHOO) search business. Reuters writes that Barclays (BCS) is looking at a possible bid for Lehman (LEH). Reuters reports that customer satisfaction…
As each day passes, a larger and larger portion of the analyst community turns on banks and brokerages like a pack of wild dogs. The majority report now seems to be that…
Circuit City Stores, Inc. (NYSE: CC) has finally capitulated. There are two separate announcements this morning, but in reality it is all part of the same issue. This will allow the company…