Bakery missed Q2 earnings estimates and guidance reflected dilutive effect of stock-financed acquisition.
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JPMorgan and Morgan Stanley jump on the Auction Rate Securities settlement bandwagon
Thu, Aug 14, 2:52 PM ET
Filed under: JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs Group (GS), Morgan Stanley (MS), Wachovia Corp (WB), Lehman Br Holdings (LEH)Bloomberg News reports that two more big banks -- JPMorgan Chase (NYSE: JPM) and Morgan Stanley (NYSE: MS) have made offers of $7 billion to 30,000 holders of Auction Rate Securities (ARS) -- those long-term securities whose yields reset in weekly ...
Bakery misses Q2 earnings estimate and shows dilutive effect of stock-financed acquisition.
Personal Finance Daily: What this country needs is a good 10-cent savings slogan
Thu, Aug 14, 1:43 PM ET
If America’s advertising and marketing machine was as good at getting us to save as it’s been getting us to spend, we wouldn’t be hearing so much doom and gloom about our retirement prospects.
The Finance Professor explains how to go beyond the headline income numbers.
Filed under: Major movement, Analyst reports, General Motors (GM)General Motors Corp. (NYSE: GM) stock finished the day up nearly 11%, or $1.09 to $11.35 after two days of losses. It seems that overall sentiment for blue chip stocks was stronger today as buyers looked for bargains. With the recent slide in oil prices, including another decline today, many stocks previously hit by the runup in o...
Filed under: Earnings reports, Bad news, Merrill Lynch (MER)In a move that underscores how badly things are going on Wall Street, Merrill Lynch & Co. (NYSE: MER) has announced a freeze on new hires through the end of the year.The freeze, which excludes retail brokers, extends to previously budgeted posts as well as replacement hires, according to Bloomberg News, which broke the story. Any e...
Lavonne Kuykendall reports: As banks step forward to help customers whose savings are trapped in illiquid debt securities, bond insurers that provided payment guarantees on the bonds could see some upside. Depending on how banks manage the buyouts, “you could see some upside and some temporary and maybe permanent relief,” that could benefit insurers as well as the banks, said Timoth...
Filed under: Exxon Mobil (XOM)The Associated Press reports that in San Antonio, TX, premium unleaded sold for 38 cents a gallon. That's what I call a bargain -- particularly since I considered myself lucky to pay $3.87 a gallon for mid-grade earlier this afternoon. It turns out that there is a little problem with this 38-cents-a-gallon gas. It was a mistake in the pump. AP interviewed Dill Food...
Filed under: Hansen Natural (HANS), Alcoa Inc (AA), Gannett Co (GCI), Martha Stewart Living Omnimedia (MSO)If you are involved in the market right now and watch the volatility with swings up and down, it might be easy to forget that trading volume is very thin and that moves can be exaggerated easily. Today's numbers, with a recession in Europe and stagflation rising in the U.S., were discounte...