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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...]

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...]

GM’s Search For CEO Won't Likely Be Part Of The 'Old Guard'

Thu, 03 Dec 2009 19:02:28 GMT

The circumstances surrounding the resignation of General Motors (NYSE: GRM) Chief Executive Officer Fritz Henderson are still unclear. But it’s likely that whoever succeeds Henderson will no doubt have a turnaround plan more compatible with that of the company’s board, and will likely come from outside of GM’s ranks.[More...]

New money infuses new life into Xata stock

Sat, 05 Dec 2009 02:48:00 GMT

Dec. 5--The stock of Xata Corp. rose nearly 12 percent Friday, to $2.80 per share, on news that it has secured $30 million in new equity capital, is planning a $20 million acquisition and has achieved improved performance in fiscal 2009.
In an interview, Xata CEO Jay Coughlan said Technology Crossover Ventures and Trident Capital, an existing investor, have invested $30 million to acquire more than a third of the company in a private deal at $3 per share.
The investment will fuel Xata's $20 million cash-and-stock acquisition of Canada-based Turnpike Global Technologies, a fleet-management system that Coughlan said will allow Xata to work with fleets of 100 or fewer trucks.

: 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

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

GM’s Search For CEO Won't Likely Be Part Of The 'Old Guard'

New money infuses new life into Xata stock

NL County home sales stall in October: Uncertainty over jobs at casinos and Pfizer defy statewide trend

Chinese official raps foreign banks on derivatives

OPINION: Eminent Domain: These Grinches Aren't Bringing Christmas Back

These Grinches Aren't Bringing Christmas Back

Chinese official raps foreign banks on derivatives

Bing, CEOs invited to jobs forum: 6 from Michigan expected in Washington for Obama talks on jump-starting hiring

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

Mintz Levin Intellectual Property Practice Represents Protalix in $60 Million Licensing Agreement with Pfizer Inc.

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

PicksThatMove.com Announces Investment Opinion on Qwest Communications International Inc., Cisco Systems Inc., AT&T Inc., Petaquilla Minerals Ltd. and Ecometals Limited

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

Integrity Media: a Revenue Bellwether

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 4 AT&T INC. For: Nov 30 Filed by: WILKINS RAYFORD JR (10K)

Form 4 AT&T INC. For: Nov 30 Filed by: WATTS DONALD W (10K)

Form 4 AT&T INC. For: Nov 30 Filed by: MILLER FORREST E (10K)

Form 4 AT&T INC. For: Nov 30 Filed by: STANKEY JOHN T (10K)

Form 4 AT&T INC. For: Nov 30 Filed by: METZ MARY S (10K)

Form 4 AT&T INC. For: Nov 30 Filed by: STEPHENSON RANDALL L (10K)

Form 4 AT&T INC. For: Nov 30 Filed by: SPEARS RONALD (10K)