When we saw the Mars acquisition of William Wrigley Jr. Co. (NYSE: WWY) in perhaps the largest food merger, the first thing that came to mind besides "what a premium" was "What…
Wall St. wanted some sign that the the recession might not be pulling the economy under for the next four or five quarters. Some investors still have hopes that the downturn will…
Once a year, Barron’s publishes its "The Top 100 Financial Advisers List." Much of the research for the article is done by an outfit known as "Winner’s Circle", based in Boca Raton.…
It is not uncommon during a serious recession for the shares of many public companies to drop. 24/7 Wall St. has assumed, for the purpose of finding stocks which could rise sharply,…
VeriFone Holdings, Inc. (NYSE: PAY) made an SEC filing showing that its wholly owned subsidiary, VeriFone, Inc., has scheduled a meeting with the lenders party to its Credit Agreement that was dated…
For reasons that will escape even the most rigorous analysis, JP Morgan (NYSE: JPM) has elected to raise $6 billion through the sales of preferred shares. In the last quarter, the big…
According to Reuters, the head of Samsung has been indicted for tax evasion. Reuters writes Ebay (EBAY) profits rose 22%, but the company was cautious about the rest of the year. Reuters…
BlackRock, Inc. (NYSE: BLK) posted a 25% gain in earnings, but reported $1.90 EPS versus $2.00 estimates; Assets under management are now $1.364 Trillion. Shares are trading down by 2% pre-market. JPMorgan…
JP Morgan (JPM) took some big write-offs which dropped its profits well below the same quarter last year. The bank 2008 first-quarter net income of $2.4 billion, compared with record net income…
Douglas A. McIntyre A look at the Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB) deals to raise more capital indicates that other banks and brokerages are looking at below-market deals if their Q1 numbers…
Early indicators from companies like Wachovia (NYSE: WB) and General Electric (NYSE: GE) show that the last half of March may have been tougher on banks earnings than Wall St. expects. Bloomberg…
Over the last week, both major financials and techs sold off substantially, another sign that one major sector is doing nothing to offset the other. Taken in tandem with GE’s (NYSE: GE)…
According to Reuters, Citigroup (C) will sell $12 billion in troubled loans to a group of private equity firms. Reuters reports that some members of the Fed believe that the US will…
A decade ago, when there were big problems in the financial markets a very small group of people came in for the fix. E. Gerald Corrigan, a man of massive girth and…
According to Reuters, Lehman (LEH) raised $4 billion. Reuters writes that US factory orders probably fell in February. Reuters reports that the Fed approved the JPMorgan (JPM) purchase of Bear Stearns (BSC)…