GlaxoSmithKline (NYSE: GSK) will take over Human Genome Sciences (NASDAQ: HGSI) for $2.8 billion. (Reuters) A poll from the National Association for Business Economics shows few companies plan to hire new workers. (Reuters)…
The three major US stock indexes opened higher this morning following the release of Chinese GDP and other data. The Middle Kingdom’s GDP grew at a rate of 7.6% in the second…
Wells Fargo & Co. (NYSE: WFC) has managed to beat earnings but it is obviously going to be in second place after J.P. Morgan Chase & Co. (NYSE: JPM). The bank still…
Jamie Dimon appears to have escaped the worst if you look through the earnings and trading losses at J.P. Morgan Chase & Co. (NYSE: JPM). While the initial reaction shows that the…
Jon C. Ogg Moody’s cuts Italy’s rating by two notches and indicates the cuts may not be finished. (Reuters) Treasury Secretary Geithner pressed UK regulators on Libor in 2008. (Reuters) A hack of Yahoo!’s (NASDAQ:…
The three major US stock indexes opened lower this morning following yesterday’s release of the minutes of the June FOMC meeting which did not raise hopes for another round of Fed easing.…
In the stock picking beauty pageants, JP Morgan (NYSE: JPM) has won a prize. Bloomberg reported: JPMorgan, under Americas equity research head Noelle Grainger, scored the largest number of highly ranked analysts,…
Groupon (NASDAQ: GRPN) hit an all-time low of $7.72 yesterday. CNBC points out that part of the cause was the online coupon company’s exposure in Europe. The observation may be the first…
U.S. foreclosures rise for the second straight month. (Reuters) Twitter’s ad business may have hurt new product development. (Reuters) Peugeot will cut 8,000 jobs. (WSJ) SUPERVALU (NYSE: SVU) puts itself up for…
This Friday is going to mark a key earnings day when we get earnings from J.P. Morgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC). These two earnings…
Italy may turn to the eurozone as it weighs options for its debt. (Reuters) AMR, still in Chapter 11, will consider mergers with other airlines, which could include US Airways (NYSE: LCC), JetBlue (NASDAQ:…
Jon OggThe stock market is trying to digest earnings reports from Alcoa Inc. (NYSE: AA) and trying to factor in the coming report from J.P. Morgan Chase & Co. (NYSE: JPM). When…
The now-former CEO of Barclays plc (NYSE: BCS), Robert Diamond, has given up his claim on $31 million in stock bonuses after being forced to resign following the scandal over the bank’s…
The world’s largest companies have never had a reputation for showering investors with information about their financial situations and operations. The rules that might make them do so are too lax. Government authorities…
Rare earth minerals miner Molycorp Inc. (NYSE: MCP) held its IPO just less than two years ago, in late July 2010, at an offering price of $14/share, below the anticipated range of…
