The head of PIMCO expects that Greece and other EU nations will default. (Reuters) The LulzSec group of hackers claims it will expand its attacks on private and government networks. (Reuters) The…
Fitch said a voluntary roll-over of Greece sovereign debt would be viewed as a default. (Reuters) This week is critical to US budget talks as an August 2 deadline looms. (Reuters) Wal-Mart…
Capital One Financial Corporation (NYSE: COF) may have just wiggled its way into being one of the few top banks in America. The company is acquiring ING Direct USA from ING Groep…
Hackers attacked the CIA website. (Reuters) Citigroup (NYSE: C) said data on 360,000 customers was stolen nearly a month ago. (Reuters) Greek debt and concerns about economic slowdown hurt stock prices worldwide.…
Obama has tried to get the business community to support his concern that the lack of approval of an increase in the debt cap would be a catastrophe (Reuters) A former head…
Bank of America Corporation (NYSE: BAC) has found itself as the king of the mortgage mess after it decided to acquire Countrywide. By acquiring the company’s corpse rather than trying to just…
One school of thought about negative publicity is that its impact dissipates over time. It is hard to disprove that theory, especially in the case of large companies. And sometimes it takes…
The acting head of the IMF said that the US does not need stimulus because exports and disposable income will lift GDP. (Reuters) Facebook’s facial recognition technology is increasing worries about privacy.…
Goldman Sachs (NYSE: GS) may release papers to investigators that show its trading behavior at the start of the credit crisis used flawed math and that the bank did not violate regulations.…
Did you heed the call “Sell in May and Go Away!” this year? It turns out that as of mid-day we now have nearly half of the 30 Dow Jones Industrial Average…
Updated throughout the day. JP Morgan (NYSE: JPM), UBS, and Deutsche Bank have been added to the list of financial firms targeted by the NY State Attorney General over mortgage backed securities…
Jon OggIt is a big day for analyst research calls. These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. The AES…
Jon OggMany Dow Jones Industrial Average stocks have just recently sold off more than 10% and many are almost at that key 10% sell-off mark. Historically investors have used 10% as the…
Jon OggWe have already seen (some) of the position changes of Warren Buffett, but the old guy wouldn’t share many ‘confidential positions’ so we are whale watching in other ponds. We wanted to…
The Dow Jones industrial average, the best-known barometer of the U.S. stock market, has been on a tear recently, gaining more than 16% over the past year. Investors have not yet recovered…
