It was just two years ago today that the U.S. markets reached an absolute bottom. Investors were reeling and the public was literally getting ready for a breakdown of the system. After…
Bank of America Corporation (NYSE: BAC) is performing rather well when you consider that the bank’s dividend is not likely to rise as fast as some of the more healthy banks. The…
Bad press about Chevron (NYSE: CVX) rose on news that a federal judge would delay an $18 billion damage judgement made in Ecuador. Rite Aide was hit by poor press as the…
Several media outlets reported that a venture division of JPMorgan (NYSE: JPM) would invest $450 million in Twitter. The investment would have given Twitter a value of $4.5 billion. The reports were…
Douglas A. McIntyre Updated throughout the day. Blackstone (NYSE: BX) will buy the American assets of Centro (Reuters) JP Morgan (NYSE: JPM) may invest $450 million in Twitter (WSJ) A US tax evasion probe not…
The National Association for Business Economics said the deficit was its No.1 concern. (Reuters) Congress appears less likely to shut down the government because of budget problems. (Reuters) The high price of…
The head of the Bank of Japan said that easing by the G20 central banks was necessary even though it may be causing inflation in the emerging world (Reuters) The head of…
Most investors today believe that none of the banks are paying high-yielding dividends any longer. While it is true that J.P. Morgan Chase & Co. (NYSE: JPM) is going to reinstate its…
J.P. Morgan Chase & Co. (NYSE: JPM) is holding its Investor Day presentation this morning. While everyone wants to hear about the continued wave of lower write-downs and charge-offs, the big news…
Jon C. Ogg Updated throughout the day Zynga may raise money which would value the social game company at $7 billion (WSJ) BaFin, a German regulator, is involved in the restructuring of WestLB (Reuters) JP…
Douglas A. McIntyre The size of the Japanese economy dropped in the fourth quarter of last year, but exports may aid a rebound. (Reuters) The Obama budget will cut $1.1 trillion in costs over 10…
We have many big events to watch for in the coming week at American Water Works Company, Inc. (NYSE: AWK), Apple Inc. (NASDAQ: AAPL), AT&T Inc. (NYSE: T), Verizon Communications Inc. (NYSE:…
Short sellers moved into the shares of companies that Wall St. views as having weak earnings capacity and poor business strategies. Shares sold short in AMD (NYSE: AMD), which recently pushed out…
Regulators will push to keep Wall St. firms from side stepping regulations on financial firm pay. (Reuters) Toyota Motor’s (NYSE: TM) fiscal third quarter profits fell but it increased it forecast for…
Updated throughout the day. New pension finance treatment could change earnings at AT&T (NYSE: T) and Verizon (NYSE VZ). (Bloomberg) Ally picked Citigroup (NYSE: C), Goldman Sachs (NYSE: GS), JPMorgan (NYSE: JPM),…