Markets in Asia fell The Nikkei was down 2.1% to 13,023. Konica Minolta fell 4.3% to 1504. Mitsubishi Electic fell 4.2% to 939. The Hang Seng fell .9% to 21,447. China Life (LFC) fell 2.1% to 27.40....
Markets in Asia were mixed.The Nikkei fell .2% to 12,753. ANA fell .3% to 295. Canon fell 1% to 5040.The Hang Seng rose 1% to 21,260. China Life (LFC) rose 2% to 27.55. Tencent rose 3% to 66.30.The...
The Wall Street Journal writes "CtW Investment Group, a pension-fund advisory group affiliated with seven big labor unions" has sent a letter to the board of Countywide Financial (CFC)...
From William Trent, CFA of Stock Market Beat Hot on the heels of a strong earnings report, Mid Cap Watch List member United Industrial Corporation (UIC) announced that its Board of Directors...
Countrywide (CFC) said "it funded 48 percent fewer home loans in October than a year earlier," according to Reuters. The news agency said Countrywide said it funded $22 billion of home...
Wells Fargo (WFC) and a lot of other American banks got in trouble by being more liberal than they should have been in their loan practices. Financial firms made to many risky mortgage loans, too...
China’s Hang Seng Index is off almost 25% over the last three months. The S&P 500 is barely off 10% over the same period. A look at some of the components of the Hang Seng looks even worse....
Good deeds should be their own rewards, but in the stock market that it not entirely true. Good earnings, especially in a harsh world, are supposed to yield shareholders something. In the perverse...
After Countrywide (CFC) reported its third quarter loss last week, the company said that it would make money in Q4 and next year. There is really no way for the firm’s management to know that,...
Wells Fargo & Company (NYSE: WFC) has posted its earnings this morning.  The bank gave a net income figure of $3.05 billion, with a net income applicable to common shares of $2.38 billion.  This...
The chairman of the board of directors of Wells Fargo & Co. (NYSE: WFC) has just used today’s weakness to buy stock.  Richard Kovacevich spent $805,000 to purchase 100,000 shares of Wells Fargo...
Stock options are supposed to be an incentive for doing well. They are priced the day of the grant. If the share price goes up, they have value and can be sold. If the share price goes down, they...
Bank of America (BAC) looks the fool. It put $2 billion into floundering mortgage company Countrywide (CFC), but the drop in the troubled company’s shares have taken the value of that to about...
A report at WSJ.com says that Bank of America (BAC) is in advanced talks to buy Countrywide (CFC). CFC shares are up 43% on the news Douglas A. McIntyre The Easy Way To Retire Early You can retire...
Source: courtesy of KFCThe fastest growing piece of the U.S. restaurant business is the fast-casual dining sector, perhaps best exemplified by Chipotle Mexican Grill Inc. (NYSE: CMG), Panera Bread...