Patriot Coal Corporation (NYSE: PCX) had a stellar trading day, with a gain of more than 10% which moved the shares above $20.00 for the first time since January 20.  The reason for today’s run...
The Bernie Madoff ponzi scheme may not be over, but the fight between the bankruptcy trustee Irving Picard and the owners of the New York Mets baseball team appears to be over.  Fred Wilpon and...
The Wall Street Journal is reporting the UBS will write off the value of a number of instruments held in its fixed income division. Some of these are securities tied to mortgages. The Journal writes...
Merrill Lynch (MER) reported a net loss from continuing operations for the third quarter of $2.3 billion, or $2.85 per diluted share, significantly below net earnings of $2.22 per diluted share for...
According to the FT, the board at Citigroup (C) tried to get Josef Ackermann, the head man at DeutscheBank (DB) to come to the US bank as CEO. He said no. There appears to be no premier outside...
Morgan Stanley’s (MS) earnings from continuing operations were actually up 41% to $2.6 billion on a 32% rise in net revenue to $11.5 billion. Underwriting, advisory service, and fixed income...
A lot of people on Wall St. were worried about the future of Merrill Lynch (MER) and were glad when Bank of America (BAC) bought it. Now, Bank of America may be unhappy.Merrill lost $5.2 billion in...
Ethereum’s Merge into proof-of-stake blockchain happened during the volatile bear market, but its poor comparative performance still defies forecasts.
Papa John's International says it plans to examine its diversity policies. It can start with its senior management, which includes just one woman.
It is surprising to see a coal company come forward and file to be publicly traded, considering the industry’s recent history.
The trouble is relentless across the brick-and-mortar retail world. Malls are closing or downsizing. At least six large retailers will have to merge, almost certainly in some combination with one...
Cramer on today’s WALL STREET CONFIDENTIAL video on TheStreet.com has said that this TXU (TXU) buyout is going to run-up the other power companies.  It was $5.00 4-years ago and it would...
Oppenheimer says that Merrill Lynch (MER) lost $5.8 billion in the second quarter. The analysis also says Merrill will cut is dividend. According to MarketWatch, Oppenheimer analyst Meredith Whitney...
Merrill may have to write off another $15 billion for Q4. If the Fed and Treasury want to do something for banks, mortgage companies, and investment houses, they can stop lending them money. In some...