Anadarko Petroluem Corporation (NYSE:APC) has priced two tranches of senior notes, one of $500 million due 2014 at a coupon of 7.625% and the other of $600 million due 2019 at a…
These are some of the top pre-market analyst upgrades from Wall Street this Monday morning with well over two hours until the open: Ameristar Casinos (ASCA) Raised to Overweight at JPMorgan. Barrick…
Investors have deserted GE’s stock over the last week like draft dodgers fleeing to Canada. The firm’s shares fell more than 20% over the five trading days, and now sit near a…
According to Reuters, JPMorgan (JPM) cuts its dividend. Reuters reports that AIG (AIG) got bids from Met Life and Axa for its life unit. Reuters says that healthcare spending is taking a…
To hear the management at JPMorgan (JPM) talk, the bank does not have to cut its dividend, but it would be nice to keep the extra money each quarter, just in case…
As we have been expecting in the banking sector, JPMorgan Chase & Co. (NYSE: JPM) is leading the way for more and more banks to cut their dividends. The company announced plans…
Douglas A. McIntyre The federal government gets extra points for being devious. It plans to begin to take over large banks by giving them money and using the capital they have already invested for a…
There is a fear in America today, and it is a real one. It is part of the reason you keep seeing destruction of value in the stock market every day. That…
Meredith Whitney, one the most influential pundits in the financial sector today, has left Oppenheimer and has started Meredith Whitney Advisory Group. Today she told CNBC’s Maria Bartiromo that her outlook for…
According to Reuters, Congress is ready to pass the stimulus package. Reuters reports that Chinalco is putting $17.5 billion into Rio TInto (RTP). Reuters reports that Wall St. CEOs were attacked by…
There is not going to be much positive press today about the U.S. banking sectors. The top CEOs of America’s banks are going to testify before the House Financial Services Committee. Despite…
It seems that Uncle Sam via Treasury and via Congress is going to give the markets what they want. TARP, TALF, Bad Bank, aggregation, accounting rule exceptions, and the rest. If you…
Pendulums often swing too far in either direction. It has been shown that complete deregulation or total self-regulation leads to "Big Business Gone Wild." And now the pendulum in regulation over executive…
JPMorgan Chase’s (NYSE: JPM) CEO Jamie Dimon is clearly a smart guy, but he may also be a smart liar. On CNBC, and other media, Dimon said that the accusations against the…
Douglas A. McIntyre According to Reuters, Nasdaq will turn to Asia for much of its future growth Reuters reports that the new bank bailout could cost as much as $2 trillion. Reuters writes that the…
