Updated throughout the day Clearwire (NASDAQ: CLWR) may skip a major bond payment to preseve cash (WSJ) UBS (NYSE: UBS) may cut its bonus pool. (FT)
Douglas A. McIntyre The supercommittee appears unlikely to settle on a deficit agreement. (Reuters) A senior Chinese official says he expects the global recession to last for some time. (Reuters) Spain’s center-right People’s Party gains…
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…
Concerns about the price of oil have returned after a summer in which both crude and gasoline prices fell. Slow production from OPEC nations is not to blame. Libyan production is actually…
The Eurozone growth rate of 0.2% in the third quarter may have met expectations but this is just one more example that growth is so low already that getting out of the…
The U.S. Supreme Court will hear arguments about the Obama health care law. (Reuters) Angela Merkel says Europe may face its greatest crisis since World War II. (Reuters) Italy’s Monti will discuss…
Well, it used to be Greece taking us down daily, but now it is the much larger concern of Italy. The markets were supposed to be cheering that Silvio Berlusconi was going to…
Greece and the rest of the PIIGS were hurting us for so long that it seems hard to believe that the Europeans are setting a 50% haircut for the Greek sovereign debt and…
Unilever (NYSE: UL) subsidiary Ben & Jerry’s has announced solidarity with “Occupy Wall Street,” even donating ice cream to hungry protestors at the movement’s makeshift headquarters’ in New York City’s Zuccotti Park.…
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.…
Obama to announce aid for student and home loans. Home loan proposals will include refinancing for underwater mortgages. (Reuters) EU leaders press Italy for more austerity measures. (Reuters) China’s October PMI is…
Updated throughout the day Yahoo! (NASDAQ: YHOO) has asked potential buyers to sign highly restrictive non-disclosure agreements (Reuters) Groupon has cut the size of its IPO (WSJ) Hedge fund SAC faces another…
Douglas A. McIntyre Many reports have been signaling that the United States is about to slide into another recession, and many have noted over and over that the recession is either already here or never…
Jon C. Ogg Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of AMR Corporation (NASDAQ: AMR), Morgan Stanley (NYSE: MS), UBS (NYSE: UBS),…
It feels like Groundhog day in Europe. Greece fears are escalating and European markets are sharply lower. The Europeans are just unwilling or are unable to deal with their woes in a…