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The Comcast And NBC Universal Mega-Deal

Sat, 05 Dec 2009 14:31:06 GMT

Welcome to the Wealth Daily Weekend Edition — our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. Another dizzying week of ups and downs was capped with good news yesterday...[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...]

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...]

Revealed: How The System Favors The Wealthy

Thu, 03 Dec 2009 21:07:08 GMT

"The U.S. tax code is the most political law in the world." -- Jonathan Blattmacher, tax lawyer to the super-wealthy "Taxes are what we pay for civilized society." -- Oliver Wendell Holmes[More...]

Real estate expert sees good and bad going forward

Sat, 05 Dec 2009 18:49:00 GMT

Dec. 5--If you're shopping for a home under $500,000 in Southern California, "now is the time to buy."
Real-estate consultant Al Gobar's confidence in the housing market is surrounded by a cloud of uneasiness over the economy because of the federal government's massive intervention to prop things up -- namely the hundreds of millions of dollars injected into Fannie Mae and Freddie Mac.
The owner of Anaheim-based Alfred Gobar Associates, a real-estate and economics consulting firm, sees Southern California real-estate prices flattening between now and the end of 2010, or possibly into 2011, before starting a very slow rise.

: iStockAnalyst.com Symbols Feed

The Comcast And NBC Universal Mega-Deal

Reaching For Yield In The Post-TARP Era

Citi Issues Notes

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

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

Revealed: How The System Favors The Wealthy

Real estate expert sees good and bad going forward

Obama's mortgage approach doubted

Chinese official raps foreign banks on derivatives

Chinese official raps foreign banks on derivatives

Treasury prices drop on oversupply concerns

Business Highlights

Treasury prices drop on oversupply concerns

BofA to pay off bailout: Repayment of $45 billion loan from taxpayers will free bank from extra regulations

Defendants exit suit by Enron investors

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

Citi Private Bank Announces Key Hires

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

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

Citi Awarded Contract Renewal and Extension of Fund Services to Victory

Frontier State Bank Selects Kroll Factual Data to Provide Independent Verifications

PicksThatMove.com Announces Investment Opinion on Citigroup Inc., Berens Energy Inc., Somaxon Pharmaceuticals Inc., Gran Tierra Energy Inc. and NeoMedia Technologies Inc.

NYSE Euronext Completes Acquisition of NYFIX

Notice to All Investors of CIT InterNotes From the Securities Law Firm of Klayman & Toskes

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

Form 4 HALL TERENCE E For: Nov 09 (10K)

Form 4 FRAZIER MEREDITH D MELL For: Nov 05 (10K)

Form 4 MEREDITH CORP For: Nov 05 Filed by: TALLETT ELIZEBETH E (10K)

Form 4 MEREDITH CORP For: Nov 05 Filed by: MARINEAU PHILIP A (10K)

Form 4 JOHNSON JOEL W For: Nov 05 (10K)

Form 4 MEREDITH CORP For: Nov 05 Filed by: HENRY FREDERICK B (10K)