2:18pm ET
Banking, finance, and taxes
Consumer Credit Keeps Dropping (V, MA)
There is a reading of the economy which we used to see only go up and up, and that is the monthly consumer credit. In the month of February, consumers cut their…
Companies
/Financial Services
Visa Inc - Class A
$379.66
▼ $4.24 (−1.10%) today
Markets closed · 12:14am ET
V Coverage
Page 57
2:54am ET
Media
Media Digest 4/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, HSBC (HBC) has a successful rights offering to raise $18.9 billion. Reuters reports that a deal for IBM (IBM) to by Sun (JAVA) is near collapse. Reuters writes that…
12:45pm ET
Investing
Merchants Going After Credit Card Processing Fees (V, MA)
Credit card processing fee legislation appears to be coming back. Whether it becomes law is another matter, but merchants are going after credit card processing fees via a fight in Washington D.C. …
5:01am ET
Telecom & Wireless
Even Chinese Cellular Markets Face Problems
China Mobile (CHL), the world largest cellular service provider, posted strong earnings for last year, but that may be the extent of the good news. Company revenue grew, reaching RMB 412,343 million, up…
5:06am ET
Economy
Credit Cards: Weighing Bad Debt Against Any Debt At All
Bank uber-analyst Meredith Whitney wrote in The Wall Street Journal that the economy will have more problems as banks take credit cards away from people to prevent bad debt write-offs. She says…
8:18am ET
Investing
Top Analyst Upgrades & Downgrades (ADPT, CBST, FLIR, MA, TEX, LXK, MCXH, V, XRX, ZRAN)
These are the top pre-market analyst upgrades and downgrades we have seen from Wall Street this Friday morning: Adaptec (ADPT) Raised to Outperform at Morgan Keegan. Cubist Pharamceuticals (CBST) Started as Accumulate…
5:08am ET
Economy
Ten Large American Companies That Won’t Cut Jobs
Layoffs at big companies are so common now that it is novel when a day goes by without Microsoft (MSFT), Caterpillar (CAT), or Macy’s (MC) letting thousands of people go. There are…
4:51am ET
Media
Media Digest 2/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Obama has dropped the idea of appointing a “car czar”. Reuters reports that Japan’s GDP is dropping at an annual rate of over 13%. Reuters reports that the Administration…
6:57pm ET
Investing
Visa, Safe Harbor For Financial Tsunami (V, MA)
Visa, Inc. (NYSE: V) has posted very pleasing earnings, one of the few bits of good news in the financial sector. The credit card processing giant earned $0.78 EPS on an adjusted…
3:04pm ET
Banking, finance, and taxes
Julian Robertson Stays Very Bearish, With Picks (GS, V, MA, PTY, PCN)
If you hadn’t gotten your full round of pre-weekend economic gloom, famed investor Julian Robertson of Tiger Management just gave an interview with CNBC’s Erin Burnett. He is cautious about what lies…
7:52am ET
Investing
Top Pre-Market Analyst Downgrades (ABH, AMFI, CME, LPX, MA, MSCC, NOK, V)
These are some of the top downgrades and negative research calls we have seen from Wall Street analysts this Friday morning: AbitibiBowater (ABH) Cut to Underperform at Raymond James. Amcore Financial (AMFI)…
9:16am ET
Investing
KeyBanc Lowers Estimates and Price Targets On Payment Processors MasterCard (MA) and Visa (V)
KeyBanc is lowering estimates and price targets for payment processors, including MasterCard (NYSE: MA) and Visa (NYSE: V). The firm said they are taking a far more cautious approach than the Street…
2:46am ET
Media
Media Digest 10/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, GM (GM) and Chrysler have asked the government for $10 billion to close their merger. Reuters reports that Boeing (BA) and its machinists have entered into a tentative labor…
6:55am ET
Investing
Top Pre-Market Analyst Upgrades (AOC, BAC, CR, DOV, FSLR, HPT, MMM, MMC, MA, SPWRA, TROW, V, WU)
These are some of the top analyst upgrades we are seeing in early hours of pre-market trading this Tuesday morning: AON Corp. (AOC) Raised to Buy at Goldman Sachs Bank Of America…
1:43pm ET
Investing
IPC The Hospitalist Takes 2008 Post-IPO Pole Position (IPCM, V, TITN)
The new top dog among the IPO universe we follow for 2008 is now IPC The Hospitalist Company, Inc. (NASDAQ: IPCM). Visa Inc. (NYSE: V) had been in that position with the…