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Unemployment Duration Still Rising

Fri, 04 Dec 2009 19:00:00 GMT

While we got some very good news with the employment report today (see "Unemployment Report - WOW!"), there was one part of the report that was very troubling. While it looks like the number of people entering the pool of unemployed is falling, once people are out of work it is extremely difficult for them to find new jobs.[More...]

Reaching For Yield In The Post-TARP Era

Fri, 04 Dec 2009 15:42:49 GMT

Bank of America’s repayment of its TARP funds, I couldn’t help but think of a post I wrote six months ago called "Asymmetric information and corporate governance in bank bailouts." The gist is of the post is about the same as Yves’ and it was inspired by lessons of the S&L crisis of the 1980s.[More...]

Citi Issues Notes

Fri, 04 Dec 2009 15:10:01 GMT

Citigroup Inc. (C) yesterday announced the sale of $1.875 billion worth of senior remarketing notes. The notes will mature on Jan 15, 2015. These will bear interest at a fixed rate of 6.01% per annum. Interest on the notes is payable semi-annually in equal installments on the 15th day of each June and December, commencing Jun 15, 2010.[More...]

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Fri, 04 Dec 2009 14:19:07 GMT

As expected, Bank of America (BAC) will repurchase its $45 billion TARP preferreds, funded in part by an additional $18.8 billion in "common stock equivalents", $4.0 billion in asset sales, and $1.7 billion in restricted stock issued to employees in lieu of cash bonuses.[More...]

Goodyear Tire & Rubber (NYSE: GT): Likelihood Of An Upside Surprise For Q4 - J.P. Morgan

Fri, 04 Dec 2009 13:40:13 GMT

J.P. Morgan is out very positive on Goodyear Tire & Rubber (NYSE:GT) reiterating their Overweight rating and $22 price target ahead of a potentially very good Q4 #'s.[More...]

Forget Yesterday, It's All About Jobs

Fri, 04 Dec 2009 13:21:30 GMT

Good morning. Stocks tanked in the last half-hour on Thursday and while the major news outlets attributed the decline to either profit taking or some trepidation in front of this morning's big Jobs report, we'd like to offer a little more substantial reason for the 85 point dive on an otherwise subdued day of trading.[More...]

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

Biggest European IPO In Two Years Cancelled After Major Valuation Disconnect

Thu, 03 Dec 2009 23:50:15 GMT

Farewell IPO window. European construction company Hochtief was forced to cancel the IPO of its concessions business once investors became unwilling to pay more than €20 for the new shares, with the bottom of the range at €24 previously. Furthermore, according to market participants, the company was able to only fill half a book, after management disclosed during a roadshow lunch that the Dubai jitters made finding investors complicated. Watch for some material downside to the stock when it opens in Europe tomorrow.[More...]

Chicago Tribune Gail MarksJarvis column: Surprising jobs strength provides some promise

Sat, 05 Dec 2009 13:49:00 GMT

Dec. 5--If the latest jobs numbers are any indication, Americans can worry less about pink slips and look forward to a year of economic healing.
With layoffs easing sharply, as the Labor Department's numbers suggested Friday, people with jobs might feel a little more comfortable about spending money, and that could prompt employers to add a few workers if they are having trouble meeting greater demand with a tight staff.
October's 10.2 percent unemployment rate improved to 10 percent in November.

: iStockAnalyst.com Symbols Feed

Unemployment Duration Still Rising

Reaching For Yield In The Post-TARP Era

Citi Issues Notes

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Goodyear Tire & Rubber (NYSE: GT): Likelihood Of An Upside Surprise For Q4 - J.P. Morgan

Forget Yesterday, It's All About Jobs

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Biggest European IPO In Two Years Cancelled After Major Valuation Disconnect

Chicago Tribune Gail MarksJarvis column: Surprising jobs strength provides some promise

Treasury gets $146.5M for Capital One warrants

Job losses will continue into 2010, experts say: Economists' predictions mostly negative

Evening Standard, London, market report column

Job creation near but likely to be painfully slow

Chinese official raps foreign banks on derivatives

Job creation near but likely to be painfully slow

Chinese official raps foreign banks on derivatives

Job creation near but likely to be painfully slow

Home sales shoot up in November from year ago thanks to federal tax credit

100% Profitable Stock Trading Streak Climbs to 51 in a Row

Citi Private Bank Announces Key Hires

China XD Plastics Company Ltd. (CXDC) Chairman and Chief Executive Officer to Ring the NASDAQ Stock Market Opening Bell

Grass Roots Research and Distribution Issues "BUY" Rating With $0.15 Target Price for United States Oil & Gas Corporation

LMP Capital and Income Fund Inc. as of September 30, 2009

Fidelity® Nasdaq Composite Index® Tracking Stock to Declare Distribution

Union Bank Vice Chairman John F. Woods Appointed Chief Financial Officer, Succeeding David I. Matson

Reval Testifies Before U.S. Senate on OTC Derivatives Reform

University of Cambridge to Ring The NASDAQ Stock Market Closing Bell

The Broadway Walk of Stars to Ring The NASDAQ Stock Market Opening Bell

Form 4 CITIGROUP INC For: Nov 30 Filed by: Mills William (10K)

Form 4 CITIGROUP INC For: Nov 30 Filed by: KELLY EDWARD J III (10K)

Form 4 CITIGROUP INC For: Nov 30 Filed by: Gerspach John C (10K)

Form 4 WASTE MANAGEMENT INC For: Dec 01 Filed by: TREVATHAN JAMES E JR (10K)

Form 4 AMERICAN INTERNATIONAL For: Nov 25 Filed by: BENMOSCHE ROBERT H (10K)

Form 4 WASTE MANAGEMENT INC For: Nov 27 Filed by: Aardsma David A (10K)

Form 4 WASTE MANAGEMENT INC For: Nov 20 Filed by: Harris Jeff M (10K)

Form 3 FEDERAL NATIONAL MORTGAG For: Nov 17 Filed by: Plutzik Jonathan (10K)

Form 4 J P MORGAN CHASE & For: Oct 23 Filed by: Bisignano Frank (10K)

Form 4 J P MORGAN CHASE & For: Nov 16 Filed by: MILLER HEIDI (10K)