Concerns about Spain and Italy renew capital markets’ rejection of area debt. (Reuters) Best Buy (NYSE: BBY) will have to bring in an outsider to change the company’s old philosophy. (Reuters) The…
The total 2011 compensation package for Goldman Sachs Group Inc. (NYSE: GS) CEO Lloyd Blankfein was chopped by $6.7 million to $12.4 million, 35% below his 2010 total pay of $19.1 million.…
GS.COMGoldman Sachs Group Inc. (NYSE: GS) just seems as though it cannot get out from under the negative spotlight. The Securities and Exchange Commission charged that the brokerage and trading firm (or bank…
Jon C. Ogg This week will be the start of earnings season as we get to start reviewing some key earnings for first quarter of 2012. The banking sector is going to be of particular…
Wells Fargo & Company (NYSE: WFC) has now launched its Abbot Downing financial services that aims to serve the ultra-high net worth sector of wealthy Americans. The move will instantly look similar…
Europe moved closer to raising the value of all of its bailout funds to a total of $1.3 trillion. Many economists believe that sum will calm the global capital markets. Worry remains that…
The heads of the BRIC nations say the pace of IMF-led reforms concerns them. (Reuters) Facebook cuts trading of its stock in the secondary markets. (Reuters) The board of Goldman Sachs (NYSE: GS)…
Dollar General Corporation (NYSE: DG) was previously in the news for announcing a secondary offering of 25 million shares. The offering has now priced at what seems a fair discount for the…
Concerns about a slowdown in China’s economy and the effect it will have on the earnings of big companies based there have begun to hammer the stock market. The Shanghai Composite suddenly fell 2.7%…
Douglas A. McIntyre A Reuters/Ipsos poll shows that two-thirds of Americans disapprove of the way President Obama has handled the gasoline crisis. (Reuters) Apple (NASDAQ: AAPL) will offer refunds for iPads sold in Australia as…
Dollar General Corporation (NYSE: DG) is holding a public secondary offering of 25 million shares which are being sold by private equity backers who still own a large part of the company. …
Increasing numbers of mutual funds have performances tied to huge investments in Apple (NASDAQ: AAPL). (Reuters) Tim Cook, Apple’s CEO, is in China to address production labor problems. (Reuters) The European Union…
Solar thermal generation provider BrightSource Energy Inc. has filed an amended Form S-1 with the US Securities and Exchange Commission for an IPO of 6.9 million shares at a price of $21-$23/share.…
Goldman Sachs (NYSE: GS) tries to end a legal case concerning fraud in its CDO sales. (Reuters) China’s factory activity slows, as evidenced by the HSBC flash PMI of 48.1, a low reading. (Reuters) A…
The credit part of the recession is not over — for General Electric (NYSE: GE) at least. Moody’s says it may downgrade its rating of the conglomerate and part of its financial services operations —…
