Reuters: Obama said he will not let companies who owe the US taxes to bid for government work. Reuters: Republican Scott Brown won the Senate race in Massachusetts putting the Obama healthcare…
American International Group, Inc. (NYSE: AIG) is under pressure today after its new CEO Robert Benmosche, who has not even had a full three months yet on the job, has effectively threatened…
The DJIA has risen for eight straight days and the verdict is still out as to how today’s close will go. With major indexes trading over 50% above their March lows and…
Steve Jobs worked at Apple (AAPL) for $1 a year in 2000, just before the launch of the iPod which completely changed the company’s fortunes and made him astonishingly wealthy. Lee Iaccoca…
Robert Benmosche has already come under a bit of fire for his pay package as the new head of troubled insurance giant American International Group, Inc. (NYSE: AIG). But critics demanding immediate…
AIG has already taken in $180 billion of taxpayer money and there is absolutely no reason to believe that most of it will be returned. The insurance company is still losing money…
Reuters: A plan for universal healthcare in China could cut the savings rate. Reuters: Bank regulators are opposing the Obama shake-up of the system. Reuters: Bank of America (BAC) settled SEC charges…
Troubled insurance and financial giant American International Group Inc. (NYSE: AIG) may have found a new CEO to run the company. Or dare we say… a new victim! Based upon what the…
These are the top Wall Street research calls with analyst upgrades and downgrades early this Tuesday morning: Aetna (AET) Raised to Sell from Conviction Sell List at Goldman Sachs; no real upgrade.…
Reuters: The promise of mobile TV is being destroyed by smartphone use of software applications. Reuters: More attacks on websites in the West are expected and North Korea is suspected. Reuters: China…
Finally, the stress tests are out for the US banking and financial institutions. Of the banks, 10 of 19 banks need a combined $74 billion of equity.The good news is that a…
According to Reuters, lenders will object to the Chrysler Chapter 11 filing. Reuters reports that Switzerland is asking US a court to halt a case against UBS (UBS). Reuters reports that SMFG will buy…
According to Reuters, Ebay’s (EBAY) shares are cheap by many measures but investors are avoiding the company, while Amazon’s (AMZN) are so expensive that investors are concerned. Reuters reports that the SEC…
There is one question that keeps making the rounds after the news of yesterday’s TARP bailout money inclusion being offered to life insurers. Are these really close to falling into the abyss,…
There is no end to it, this process of bailing out financial institutions. Once the banks were stable, the rest of the sector was supposed to become more solid. That has not…
