Posts Tagged ‘
Bank Of America ’
Nov 18th, 2008 |
By Mike Caggeso |
Category: Financial News
Citigroup Inc. (C) today (Monday) unveiled plans to cut more than 50,000 jobs in the “near term” and slash expenses by 20% to preserve capital as it faces a global slowdown that’s expected to push well into 2009.
Tags: Bank Of America, Citigroup, Citigroup Inc, Credit Card Holders, Dow Jones, Fidelity Inv, Global Slowdown, Goldman Sachs, GS, JPM, Jpmorgan Chase, Mike Caggeso, Mortgage Market, Subprime Market, US unemployment, Wells Fargo, WFC
Posted in Financial News |
Nov 17th, 2008 |
By William Patalon III |
Category: Financial News
Bank of America Corp. (BAC) will likely boost its stake in state-owned banking giant China Construction Bank Corp., paying about 36 cents a share (2.46 yuan), or 1.2 times the Beijing-based lender’s book value, China’s Caijing magazine reported last Friday, citing unidentified sources.
Tags: ABGEF, ABGEY, BAC, Bank Of America, Bank Of China, BX, Caijing Magazine, CCB, China Construction Bank, CIC, investing in China, MS, William Patalon III
Posted in Financial News |
Jun 20th, 2008 |
By Eric Roseman |
Category: Politics & Economics
Something smells a little fishy to me…The Federal Deposit Insurance Corporation (aka the “FDIC”) just launched a series of full-page advertisements in U.S. newspapers. On the surface, these ads are celebrating the FDIC’s 75th anniversary.
Tags: Bank Of America, Citigroup, economics, Eric Roseman, JP Morgan, politics
Posted in Politics & Economics |
Jun 5th, 2008 |
By Laura Cadden |
Category: Stock Market Investing
With programs related to energy and climate change, health and human services, defense and homeland security, and environment and infrastructure, this consulting firm does it all – and does it very, very well.
Tags: Bank Of America, BP, Google, Hot Stock, Icf International, ICFI;Nasdaq, recession, US stocks
Posted in Stock Market Investing |
Jun 5th, 2008 |
By Contrarian Profits |
Category: Featured, Financial News
They’ve already taken a hit on subprime, now major US banks, including troubled Wachovia, could be facing a similar crunch in the construction-lending market.
Part of Wachovia’s problem — apart from its residential-mortgage woes — is the $23.9 billion in outstanding debt it holds in relation to commercial-property projects at the end of the first quarter, according to The Wall Street Journal.
“Teaser rates of just 1% interest, left almost one-in-ten subprime borrowers unable to meet their monthly mortgage bills,” says Adrian Ash in The Daily Reckoning UK.
Tags: , Bank Of America, Construction Industry, credit crisis, Credit Crunch, Daily Reckoning, housing crisis, inflation, Mortgage Backed Bonds
Posted in Featured, Financial News |
May 28th, 2008 |
By Dan Amoss |
Category: Stock Market Investing
Dan Amoss thinks he’s found the next culprit. And this isn’t just a gut feeling, there’s real evidence here. Is the worst behind us? Dan doesn’t thinks so.
Tags: Amex, Bank Of America, Bear Stearns, Dealer Index, fed, Financial Sector, Investment Banks, LEH, Lehman Brothers, Merrill Lynch, Mortgage Securitization, Nyse, Securities Broker
Posted in Stock Market Investing |
May 28th, 2008 |
By William Patalon III |
Category: International Investing
Bank of America Boosts China Bank Stake; Home Prices Continue to Fall; Record Profit and Resignation for Vodafone; Standard Pacific Stock Shoots Up; Landis&Gyr Lands 7 Million “Smart Meter” Contract; S. Africa Grows a Slow 2.1% in 1Q; Gold Futures Fall $18.
Tags: , BAC, Bank Of America, Case Shiller Home Price Index, China Construction Bank, dollar, Foreclosure Rates, gold, Gold Futures, Home Price Index, Housing Recession, International Investing, KDP, Kdp Investment Advisors, Matlinpatterson Global Advisers, Matt Wilcox, SPF, Standard Pacific, US stocks, VOD
Posted in International Investing |
May 6th, 2008 |
By William Patalon III |
Category: International Investing
U.S. Service Sector Shows Signs of Life; Morgan Stanley to Slash More Jobs; Random House to Turn the Page on Chief Executive; Countrywide Rated “Underperform”, Shares Dive; Sprint Nextel Corp. Considering Spinning Off Nextel; Warren Buffett’s Warning; Principal Financial Slumps; Wal-Mart Widens Drug Plan Scope
Tags: BAC, Bank Of America, Berkshire Hathaway, BRK.A, BRK.B, CFC, Countrywide Financial, Friedman Billings Ramsey, Inflation Pressures, Morgan Stanley, MS, Nextel, PFG, Qwest Center, Sprint, Warren Buffett, WMT
Posted in International Investing |
May 5th, 2008 |
By Doug Casey |
Category: US Dollar & Forex Trading
In the currency market, the dollar continued to move higher against the euro. Late Friday, the euro was trading at $1.5424 vs. $1.5457 on Thursday.
Tags: , Bank Of America, bull market, Currency Market, Currency Problems, dollar, fed, interest rates, Job Losses, Labor Department, Rate Reductions
Posted in US Dollar & Forex Trading |
Apr 29th, 2008 |
By William Patalon III |
Category: Stock Market Investing
Sohu Soars on 156% Jump in Revenue; Price of Crude Can’t be Contained; Kerkorian Riding Shotgun at Ford; Verizon Gets a Boost From Wireless Business; Visa Profit Up 28%; BoA to Modify $40 Billion in Loans; Corn Continues to Grow in Price; Questar’s Piping Hot Earnings Report.
Tags: BAC, Bank Of America, CFC, Ford Motor, Kirk Kerkorian, Liam Mcgee, Nigeria, oil, SOHU, Sohu Com, STR, US stocks, Verizon, Visa, VZ
Posted in Stock Market Investing |