What’s Important in the Financial World (9/14/2012)
EU Finance Ministers Meet The financial ministers of the euro area will meet over the next two days. There is a very wide range of topics that they might discuss. The gathering should begin…
EU Finance Ministers Meet The financial ministers of the euro area will meet over the next two days. There is a very wide range of topics that they might discuss. The gathering should begin…
Something seems to be happening at Knight Capital Group, Inc. (NYSE: KCG). Whatever it is, it sure does not seem like a good development. It is not really any longer a secret…
Hewlett-Packard Co. (NYSE: HPQ) will lay off 29,000 people instead of the 26,000 it originally announced as it struggles to improve performance. Royal Philips Electronics N.V. will cut the 2,200 jobs it…
The three major U.S. stock indexes opened flat to slightly lower this morning after the three-day holiday weekend. PMI readings from Europe came out weaker than expected yesterday (our coverage here), as…
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…
Today’s issue of the “Closing Bell” is out early as we join many of you in an early start to the holiday weekend. Data in today’s report was compiled between 1 p.m.…
The three major U.S. stock indexes opened slightly higher this morning following an upward revision to the U.S. second quarter GDP growth reading to 1.7%, above the 1.5% preliminary reading and better…
Jon OggThese are the top analyst calls of upgrades, downgrades and initiations we have seen from Wall St. research calls this Wednesday morning. Angie’s List Inc. (NASDAQ: ANGI) raised to Outperform at…
More American companies are among the 20 largest in the world than at any time in the past decade. This is because earnings at U.S. companies have risen faster than the rest…
The three major U.S. stock indexes opened flat to higher this morning but picked up some buying steam after the first hour or so of trading. In Europe the president of Germany’s…
Plenty of action on the merger and acquisition front today, with founder Richard Schulze getting an okay from the board of Best Buy Co. Inc. (NYSE: BBY) to conduct his due diligence;…
International Business Machines Corp. (NYSE: IBM) has announced that it will acquire Texas Memory Systems, a privately held company that focuses on high-performance Flash storage. IBM said the Houston-based company’s products will…
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings showing that there have been some significant changes in the positions of the Berkshire…
Research In Motion Ltd. (NASDAQ: RIMM) has been higher all day on reports and rumors that International Business Machines Corporation (NYSE: IBM) may be interested in acquiring RIM’s enterprise services business. Bloomberg…
Updated throughout the day on the 24/7 Wall St. Wire: The government asks large U.S. banks for plans to prevent collapse. (Reuters) International Business Machines Corp. (NYSE: IBM) approaches Research In Motion…