Banking industry
Wall Street experienced a decline on October 16, 2009, as major companies including General Electric and Bank of America reported weaker-than-expected earnings. The unexpected downturn marked the end of a week that saw the Dow Jones Industrial Average (DJIA) push above 10,000 for the first time in a year.
Banking industry
The Stock Alarm, a prominent small-cap research firm, is providing investors with winning stock picks by offering comprehensive due diligence on micro and small-cap companies. The firm's primary focus is on identifying overlooked companies with enormous growth potential, often flying under the radar of big Wall Street brokers.
Banking industry
Bank of America has announced that it will not raise rates or change terms on consumer credit card accounts before the new Credit Card Accountability, Responsibility, and Disclosure (CARD) Act takes effect early next year. The CARD Act, signed into law in May 2009, aims to reform industry practices and
Banking industry
Financial analysts at WallStSense.com are providing in-depth, free research reports on six major North American companies, offering subscribers a unique opportunity to access expert analysis without charge. The reports cover Ameriprise Financial Inc., The Coca-Cola Company, Bank of America Corporation, Pioneer Natural Resources Co., Solutia Inc., and Darden Restaurants
Banking industry
Kenneth Feinberg, the U.S. Treasury's pay czar, has been tasked with approving compensation formulas for the top executives of companies that have received federal aid, including American International Group, Citigroup, Bank of America, General Motors Co., Chrysler, Chrysler Financial, and GMAC. The deal for Robert Benmosche, the
Banking industry
As the US economy recovers, the Federal Reserve is faced with a daunting task: balancing the threat of renewed inflation with the goal of achieving a prolonged recovery. The Fed's chairman, Ben Bernanke, recently acknowledged the challenges ahead, highlighting the need to navigate the economy's recovery
Banking industry
As the world grapples with economic downturn and unprecedented actions to boost growth, Analyst Choice has launched in-depth market analysis on six leading companies: Bank of America Corporation (NYSE: BAC), General Dynamics Corp. (NYSE: GD), Rockwell Automation Inc. (NYSE: ROK), Host Hotels & Resorts Inc. (NYSE: HST), J. C. Penney
Banking industry
ParagonReport.com, a free financial portal, aims to provide superior content and research to investors through an easy-to-use web platform. The portal tracks and analyzes market movers, offering a complimentary membership that grants access to various reports and company analyses. The platform provides free corporate, financial, and technical analysis, along
Banking industry
A U.S. District Judge Laura Taylor Swain in New York recently dismissed a lawsuit against Citigroup Inc.'s officers and directors, including CEO Vikram Pandit, for allegedly manipulating the market for auction-rate securities. The lawsuit claimed that the defendants breached their duty to the bank, exposing it to
Banking industry
The Zacks Equity Research analysts have discussed recent developments in the stock market, with a focus on Kraft Foods Inc. and NCI Building Systems Inc. Kraft Foods has outlined cost-saving strategies to position itself as a strong bidder for the takeover of Cadbury Inc., while NCI Building Systems Inc. has
Banking industry
Steve Stricker achieved a dominant victory at the Deutsche Bank Championship, securing his third win of the PGA Tour season. This triumph catapulted him to a career-high No. 2 ranking in the world rankings, also displacing Tiger Woods as the leader in the FedEx Cup standings. Stricker's performance
Banking industry
German stocks gained momentum on Thursday, led by a surge in shares of European banks, as Goldman Sachs Group Inc. lifted its recommendation on the sector to "modest overweight" from neutral. The DAX Index, Germany's benchmark stock index, rose 1.6% to 5,384.43, its
