Today’s selling is actually based on weak Chinese manufacturing data rather than any direct E.U. woes. We have focused on mostly European ADRs this morning for the big movers and shakers, or…
Obama offers a $3.6 billion deficit reduction plan that includes a tax on the rich. (Reuters) S&P cuts Italy one notch and says its outlook is negative. (Reuters) Head of UBS (NYSE:…
When companies announce that they are going to lay off thousands of employees, it shouldn’t be any surprise that employee morale drops like a stone. So why do they do it other…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Fundtech, Ltd. (NASDAQ: FNDT), Netflix, Inc. (NASDAQ: NFLX), Transcept Pharmaceuticals (NASDAQ: TSPT),…
Yahoo! Finance: Housing market: Foreclosures rise in August WSJ: Netflix Cuts Subscriber Estimates FT: Return of the rogue trader: UBS has discovered potential losses of $2bn ascribed to “a trader” in its…
Douglas A. McIntyre UBS (NYSE: UBS) trader loses $2 billion in unapproved trades. (Reuters) The head of the World Bank says the global economy has entered a danger zone. (Reuters) General Motors (NYSE: GM) and…
Federal officials may consider cuts in food stamp programs that serve 46 million people. (Reuters) Housing prices probably continued to fall in July. (Reuters) Toyota (NYSE: TM) and Ford (NYSE: F) to…
Financial markets have been reeling as investors grow more concerned about the economy: An S&P downgrade of the full faith and credit of the United States, dismal GDP data, and ongoing weak…
The world’s largest financial firms were supposed to recover after the credit crisis and the unprecedented support they received from the world’s largest governments. But things have not turned out so well…
Credit Suisse (NYSE: CS) cut 2,000 jobs as the bank’s results faltered (Reuters) Investors tried to move to safe investments as a default became more likely (Reuters) A new Boehner plan will…
G8 leaders will met and will probably focus on the IMF and upheaval in Africa and the Middle East (Reuters) Hedge fund manager David Einhorn wants Steve Ballmer replaced as CEO of…
Updated throughout the day. JP Morgan (NYSE: JPM), UBS, and Deutsche Bank have been added to the list of financial firms targeted by the NY State Attorney General over mortgage backed securities…
The GM IPO may be the largest in US history (Reuters) Fed officials defended their plan to lower rates (Reuters) Bonds issues by Ireland may have great value in the case of…
These are some of this Wednesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Abercrombie & Fitch Co. (NYSE: ANF) Started as Equal-weight at Morgan Stanley. Aeropostale, Inc.…
Reuters: American International Group (NYSE: AIG) CEO Benmosche has cancer. (Reuters) Ford Motor (NYSE: F) may post record profits. (Reuters) William Dudley of the New York Fed said the central bank could…
