Updated throughout the day. The NY Attorney General is probing the relationship between eight banks and ratings agencies. The financial firms include Goldman Sachs, Morgan Stanley, UBS, Citigroup, Credit Suisse, Deutsche Bank, Crédit Agricole…
The Wall Street Journal reports that J.P. Morgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Deutsche Bank AG (NYSE:DB) and UBS AG are under investigation for allegedly having “misled investors about their roles…
NYT: NY Attorney General is investigating eight banks for allegedly providing misleading information about mortgage instruments to rating agencies: The Goldman Sachs Group (NYSE: GS), Morgan Stanley(NYSE: MS), Deutsche Bank (NYSE: DB),…
Reuters: The Senate will begin to vote on the financial reform bill. Reuters: Regulators are considering an antitrust case against Apple (NASDAQ: AAPL) Reuters: Tensions between Germany and France over the Greek…
How much does it cost to clean up the Lehman Bros. bankruptcy mess? Hundreds of millions of dollars, apparently. The firm that provides the liquidation service for the court, Alvarez & Marsal,…
Reuters: The Chinese president told Obama that the nation will make its own decision on the yuan. Reuters: Growth and cheap phones were key to Q1 industry growth. Reuters: Twitter will start…
Reuters: The costs of the US bailout of the financial industry was $89 billion. Reuters: Goldman Sachs (GS) and AIG (AIG) are unwinding their CDS positions. Reuters: The euro surged on news…
Reuters: Factories in China and India upped production last month. Reuters: Asian stocks hit and 11 month high. Reuters: General Growth filed a plan to exit bankruptcy. Reuters: Reviews praised the Apple…
Reuters: The Nikkei topped 11,000 for the first time since October 2008 Reuters: The White House will announce housing aid for those having difficulty with making their mortgage payments. Reuters: A Fed…
Reuters: The Fed is likely to keep interest rates low for some time. Reuters: China said the yuan in not behind the US trade gap. Reuters: A record number of Chinese are…
Reuters: Toyota (NYSE:TM) will recall the Prius. Reuters: UBS (NYSE:UBS) posted a profit. Reuters: Nissan posted a profit and raised forecasts. Reuters: JAL will maintain its ties with AMR (NYSE:AMR).
Markets in Asia were mixed The Nikkei fell .2% to 9,933. Toyota (NYSE:TM) rose. The Hang Seng was up 1.2% to 19,790. The Shanghai Composite rose .5% to 2,949. At the open…
Updated throughout the day Updated 8.47 AM EST Yelp rejected a $700 million bid from Microsoft (NASDAQ:MSFT). (BusinessWeek) Toyota (NYSE:TM) is preparing Prius recalls in the US and Europe (Reuters) Disney (NYSE:DIS)…
These are this Wednesday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Baidu Inc. (NASDAQ: BIDU) Reiterated Buy but target raised to $550 at Goldman Sachs. Canadian Natural…
Updated throughout the day. Updated 1.14 PM EST Leap Wireless (NASDAQ:LEAP) may have hired a banker to put itself on the block (Barron’s) Updated 1.14 PM Oracle (NASDAQ:ORCL) may fire 50% of…
