The purchasing managers indices of China, German and France all signaled slow growth or contraction in November. It is a sign that demand for exports and consumer expenditures are in free fall. China and…
The Federal Reserve has set the rules for its Comprehensive Capital Analysis and Review for 2012. The stress test will be based on extremely harsh economic conditions. For America’s largest financial firms,…
China’s factory activity reaches a 32-month low. (Reuters) Merck (NYSE: MRK) pays $950 million to settle Vioxx charges brought by the government. (Reuters) FCC head wants more examination of the AT&T (NYSE:…
Stock prices plunged this morning and spent most of the day trading way down. The DJIA hovered around -300 points for most of the day, while the NASDAQ was off around -50…
These are some of Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Apple Inc. (NASDAQ: AAPL) Reiterated Outperform and $500 target at Credit Suisse. CIGNA Corp. (NYSE:…
Greek citizens stage large protests. (Reuters) Citigroup (NYSE: C), Bank of America (NYSE: BAC) and Morgan Stanley (NYSE: MS) could be affected when S&P updates its credit ratings on the world’s 30 largest…
Morgan Stanley (NYSE: MS) reacted to today’s Fitch ‘warning’ about Eurozone contagion spreading to U.S. banks the worst of all of the “too big to fail” financial institutions today. What is odd…
Jon C. Ogg Fitch is warning that U.S. banks could be adversely affected unless the Eurozone debt crisis “is resolved in a timely and orderly manner.” The mention is a warning that the credit outlook…
Italy to vote on sharp budget cuts as the U.S. calls for sharper ones. (Reuters) The State Department will look for a new route for the Keystone pipeline to satisfy opponents. (Reuters)…
E*TRADE Financial Corporation (NASDAQ: ETFC) was one we had on the calendar because this was the day that it was due to meet with its Goldman Sachs (NYSE: GS) as its financial…
Financial concerns about Italy have raised the issue of a breakup of the eurozone. (Reuters) China’s October imports rise but exports are weak. (Reuters) A deal to name a new prime minister…
Last Friday at the meeting of the G20 in Cannes, the Financial Stability Board (FSB) revealed a list of 29 global systemically important financial institutions (known as the G-Sifis). These institutions are…
The Obama administration announces a new plan to help underwater mortgage holders. (Reuters) Netflix (NASDAQ: NFLX) warns that more subscribers will cancel and shares fall 24%. (Reuters) Nearly 35% of News Corp.…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. BHP Billiton (NYSE: BHP) Cut to Hold at Societe Generale; Cut…
Stocks opened down this morning following the earnings report Apple Inc. (NASDAQ: AAPL) after markets closed yesterday. Moody’s downgrade of Spain’s sovereign debt also weighed on the opening.  The Consumer Price Index for…
