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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...]

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...]

Bank of America (BAC) Hopes To Lure Top Shelf Talent By Paying Back TARP Loans

Thu, 03 Dec 2009 20:31:33 GMT

Bank of America Corp. (NYSE: BAC), the nation’s biggest lender, reached an agreement to repay $45 billion of Troubled Asset Relief Program (TARP) bailout funds, removing government imposed restrictions on executive pay that have hindered its search for a new CEO.[More...]

Treasury Sells Capital One Warrants

Wed, 02 Dec 2009 15:01:36 GMT

The U.S. Treasury Department said on Tuesday that it will auction 12.7 million warrants to buy common stock of Capital One Financial (COF) on Thursday. This is the latest government effort under the Troubled Asset Relief Program (TARP) set up during the height of the financial crisis last year to shore up the financial system.[More...]

Banks Are Not Lending? So What

Tue, 01 Dec 2009 20:26:05 GMT

Much has been made about the fact that economy-wide bank lending is down considerably despite the fact that the stock market and other economic indicators have begun to improve. Even after the unprecedented cash made available by the Federal Reserve and direct bailouts from the Federal government, some estimates state that bank lending is still down some $600 billion from this time a year ago. This has created widespread frustrations which became apparent in an interview with real estate mogul Donald Trump this morning on CNBC. In that interview, Trump argued that the economy cannot heal until we have a fully functioning credit market and even suggested that perhaps the government should force banks to lend more.[More...]

On The Sovereign Debt Crisis And The Debt Servicing Cost Mentality

Tue, 01 Dec 2009 17:32:31 GMT

Given the spate of articles in the business press about this country or that country facing a potential debt crisis, I wanted to write a bit about sovereign debt crises. In my view, economic stimulus has been warranted in order stabilize the financial system and prevent economic collapse.[More...]

New Citigroup Maven Buiter Warns Of Sovereign Debt Delusion

Mon, 30 Nov 2009 18:30:53 GMT

The news of Willem Buiter’s role as Chief Economist at Citigroup comes via DealBook at the New York Times: Citigroup said on Monday that it has hired Willem Buiter, a professor at the London School of Economics, as its chief economist, effective January 2010.[More...]

Chinese official raps foreign banks on derivatives

Fri, 04 Dec 2009 09:46:00 GMT

BEIJING - A senior Chinese official criticized foreign banks for selling derivatives with "fraudulent characteristics" that led to heavy losses for state-owned airlines and other companies.
"Some international investment banks are the biggest villains," said Li Wei, deputy chairman of the agency that oversees China's biggest state companies, in a newspaper published by the school of the Communist Party's Central Committee.
The commentary in this week's edition of the Study Times was the Chinese government's most pointed public criticism yet of foreign financial institutions.

: iStockAnalyst.com Symbols Feed

The Comcast And NBC Universal Mega-Deal

Reaching For Yield In The Post-TARP Era

Citi Issues Notes

Biggest European IPO In Two Years Cancelled After Major Valuation Disconnect

Revealed: How The System Favors The Wealthy

Bank of America (BAC) Hopes To Lure Top Shelf Talent By Paying Back TARP Loans

Treasury Sells Capital One Warrants

Banks Are Not Lending? So What

On The Sovereign Debt Crisis And The Debt Servicing Cost Mentality

New Citigroup Maven Buiter Warns Of Sovereign Debt Delusion

Chinese official raps foreign banks on derivatives

Chinese official raps foreign banks on derivatives

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

Defendants exit suit by Enron investors

Roundly differing views on cyclical stocks

Bank of America to repay government in full

Judge ends Enron suit filed by shareholders

CEO candidates recommend changes at BofA

Chicago Tribune Gail MarksJarvis column: Roundly differing views on cyclical stocks

UPI NewsTrack Business

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

Citi Private Bank Announces Key Hires

SanDisk's Modular Solid State Drive Selected by ASUS for Its Unique Computer with Rotating Touchscreen Display

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

Citi Awarded Contract Renewal and Extension of Fund Services to Victory

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

FBR Capital Markets Adds Senior Analysts to Its Research Platform; Veteran Analysts Alex Potter, Eric Tracy, Marc de Croisset and Chris Wetherbee Join the Firm

Nuance Announces Fiscal Fourth Quarter and Fiscal Year 2009 Results

Form 4 SANDISK CORP For: Dec 02 Filed by: HARARI ELIYAHOU ET AL (10K)

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 SANDISK CORP For: Nov 03 Filed by: HARARI ELIYAHOU ET AL (10K)

Form 4 THOMPSON WILLIAM S For: Oct 01 (10K)

Form 4 TAYLOR DIANA L For: Oct 01 (10K)

Form 4 SANTOMERO ANTHONY M For: Oct 01 (10K)

Form 4 ONEILL MICHAEL E For: Oct 01 (10K)

Form 4 JOSS ROBERT L For: Oct 01 (10K)