Alibaba buys back half of the stake owned by Yahoo! Inc. (NASDAQ: YHOO) for $7.6 billion, of which $6.3 billion is cash. Yahoo! will return most of the money to shareholders. (Reuters)…
After the markets closed today, Goldman Sachs Group Inc. (NYSE: GS) announced that current CFO David Viniar will retire after 12 years in the position and 32 years with the firm. Goldman…
Paul Ausick The Federal Reserve plans to gamble that QE3 will combat a flagging economy. (Reuters) Brent crude rises to $117 on the Fed announcement. (Reuters) The Nintendo Wii U will allow video program…
A look at the headlines across Reuters, the Wall Street Journal, Bloomberg, the Financial Times and the New York Times business section shows that all cover the same major stories in much the…
MIPS Technologies Inc. (NASDAQ: MIPS) has been on a major run of late, and shares hit a new 52-week high this morning. We have seen four consecutive days of gains, as this…
Jon C. Ogg Poor jobless figures may force the Fed to adopt QE3. (Reuters) BP PLC (NYSE: BP) tries to blame workers on the Deepwater Horizon for the accident that caused a huge oil spill.…
Moody’s is panning the U.S. banking sector yet again. In an updated credit profile on Tuesday, Moody’s said, “The outlook for the US banking system remains negative, with ongoing challenges in the operating…
Jon OggThese are the top analyst calls of upgrades, downgrades and initiations we have seen from Wall St. research calls this Tuesday morning. American States Water Co. (NYSE: AWR) cut to Neutral…
The short interest in bank stocks looks to be one where investors and speculators are easing up on their attacks of the quality banks if you review the short interest changes from…
While M&A activity might be slower this year than it was last, there is one buyer that has picked up the pace. Actually, a number of buyers from one country: China. And…
Facebook Inc. (NASDAQ: FB) is finally getting its lockup expiration out of the way. Today is the day that some 271 million shares are being freed up for certain insiders and backers…
Asset management firm The Carlyle Group (NASDAQ: CG) is purchasing Seattle-based Getty Images, Inc. for $3.3 billion, management for both groups announced Wednesday. Carlyle is buying Getty from Hellman & Friedman, a private equity firm focused…
The New York Times ran an extremely impressive article that alleged huge bribery actions by Wal-Mart Stores Inc. (NYSE: WMT) in Mexico. That was on April 21. Immediately afterward, a flurry of investigations…
The drought raises more concerns about food inflation. (Reuters) The United States asks banks to set up further plans in the event that they collapse. (Reuters) The U.S. will not prosecute Goldman…
If you think that the higher regulation of banks and financial institutions is immaterial, it is not. Even if the banks need far more regulation than what they had been accustomed to,…
