Bank of America Corporation (NYSE: BAC) has rapidly turned into a runaway train. The latest suit from American International Group, Inc. (NYSE: AIG) for $10 billion for its massive mortgage fraud is…
American International Group (NYSE: AIG) will sue Bank of America (NYSE: BAC) for $10 billion because the insurance company claims the big bank misrepresented the risks of mortgage-backed paper. The legal action…
Updated throughout the day. Apple (NASDAQ: AAPL) supplier Foxconn will use up to one million robots for manufacturing by 2013 (Reuters) Lansdowne Partners sold an $850 million stake in Goldman Sachs (NYSE:…
Plans for a budget vote by Republicans in the House fell apart (Reuters) Moody’s threatened to downgrade Spain (Reuters) BSkyB will have a $1.6 billion share buyback (Reuters) S&P said the U.S.…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning. Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) Started as Neutral at…
24/7 Wall St. has long considered E*TRADE Financial Corporation (NASDAQ: ETFC) as a buyout candidate in the world of online brokerage firms. The company made some big gambles in an effort to…
The number of layoffs at large companies dipped as the recession ended in 2009, but the practice is back with a vengeance, renewing concerns the trend will cause another period of steep…
Apple Inc (NASDAQ: AAPL) reported better than expected earnings and its shares soared (Reuters) Yahoo!’s (NASDAQ: YHOO) revenue fell (Reuters) A settlement of the debate over the U.S. debt pushed crude higher…
This is the Twitter-24/7 Wall St. market report for July 19, 2011. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in…
Each year, Capgemini publishes the U.S. Metro Wealth Index, which ranks the number of high-net-worth individuals living within the ten largest metropolitan statistical areas. According to the report, high-net-worth Individuals “are defined…
Treasury officials examine ways to prevent default if an August 2 deadline to increase the debt cap is not met by Congress (Reuters) LaGarde will give a Chinese official a top job…
Analysts at Goldman Sachs Group Inc. (NYSE: GS) have reversed a forecast from just two weeks ago suggesting that corn, wheat and soybean prices would be higher due to reduced harvests this…
Updated throughout the day Zynga may launch and IPO today (Reuters) Living Social will file for an IPO soon (Reuters) American Airline (NYSE: AMR) will get Boeing (NYSE: BA) and Airbus to…
There are several ways in which companies can return money to shareholders, but the two most common methods of returning cash to shareholders are dividends and stock buybacks. Dividends are rarely controversial…
Aluminum prices climbed by more than 10% from January through April this year, to rise above $1.22/pound before losing all it had gained and returning to about $1.10/pound. At today’s price of…
