The program Bank of America (NYSE:BAC) has announced to repay the TARP funds it received is a modest vindication for its retiring CEO Ken Lewis. He has proved that his firm, which…
Updated throughout the day. Hershey (NYSE:HSY) and Nestle may enter the bidding for Cadbury (NYSE:CBY) (various) Microsoft (NASDAQ:MSFT) may pay content companies to block their content from Google (NASDAQ:GOOG) News and use…
The speculation over the fate of Treasury Secretary Tim Geithner and Fed chief Ben Bernanke has grown as Congress has become more troubled by rising federal deficits and unemployment. The $787 billion stimulus…
Reuters: The dollar may keep rising as investors close out bets on oil and the currency. Reuters: Black Friday deals may not signal a retail comeback. Reuters: Kraft (NYSE:KFT) is weighing a…
Reuters: The Senate is near its first vote on healthcare. Reuters: Dell (NASDAQ:DELL) is betting on corporate spending for its recovery. Reuters: Time Warner’s (NYSE:TWX) AOL showed that the worst is not…
The most charitable thing that can be said about Vikram Pandit, the CEO of Citigroup (NYSE:C) since December 11. 2007, is that he was in the wrong place at the wrong time. The bank’s…
Updated throughout the day. Updated 12.43 PM EST: Apple may hire its own video game developers to create iPhone and iPod products (Apple Insider) Updated 11.57 AM EST: Devon Energy (NYSE:DVN) may…
John Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way down. But the financial world found out in August that Paulson &…
Short sellers have bought into the notion that the financial industry is in full recovery. Shares sold short in Wells Fargo (NYSE:WFC) fell 8% to 78.8 million shares. Shares short in CIT…
Updated throughout the day. Updated 10.30 AM EST: Oracle (NASDAQ:ORCL) believes that EU authorities may try to block its buy-out of Sun (NASDAQ:JAVA) (FT) Updated 10:26 AM EST: Apollo Management is buying debt…
Reuters: Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy. Reuters: Summers will lead a high level meeting on the economy. Reuters: US companies are holding more cash. Reuters: …
Updated throughout the day. Updated 3.23 PM EST: Analyst Michael Mayo says Citigroup (NYSE:C) will take a $10 billion write down the quarter. Citi denies it (CNBC) Updated 10.24 AM EST: Cisco…
The SEC missed a number of signals in the Bernie Madoff case. Some concerns were raised by his clients and Barron’s years before he was caught. It seems that a similar pattern holds…
Reuters: The US economy is stable but risks remain according to Geithner. Reuters: JPMorgan (NYSE:JPM) raised concerns about Galleon in 2001. Reuters: As many as five million Americans have been infected with…
Updated throughout the day. Update 12.05 PM EST: UBS (NYSE:UBS) may spin off PaineWebber (Breakingviews) GMAC has asked the Treasury Department for several billion more dollars in loans. (NYTimes) Barry Diller’s IACI (NASDAQ:IACI) might…
