Wall Street Rumors - March 31, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Australian Stock Exchange Regulates Short Selling Procedures
The Australian Stock Exchange Friday proposed short-term measures to regulate covered short selling ahead of a government move to remove legal ambiguity around the practice.
Lehman Brothers Sues Japan Firm
Lehman Brothers Holdings Inc. (NYSE:LEH) has gone to court [...]
Wall Street Rumors - March 28, 2008
Daily Wall Street Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Friday’s edition is rather light. The normally longer editions will return on Monday as usual. Enjoy your weekend!
Bank of America Pays $28 Million to Retain Countrywide President
Bank of America Corp. (NYSE: BAC) has agreed to pay $28 million in cash and [...]
Wall Street Rumors - March 27, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Congra Foods Sells Commodity Trading and Merchandising Operations
ConAgra Foods Inc. (NYSE: CAG) agreed to sell its profitable commodity trading and merchandising operations to hedge fund Ospraie Management for $2.13 billion and posted a 60% jump in fiscal third-quarter net income, largely due to [...]
Wall Street Rumors - March 26, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Motorola to Split into 2 Independent Companies
Motorola Inc. (NYSE: MOT) said it will split the telecommunications-equipment maker into two independent, publicly traded companies, separating its troubled mobile-devices business from its broadband and mobility-solutions businesses.
Clear Communications Deal Likely to Fall Through
The planned $19 billion [...]
Wall Street Rumors - March 25, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
10 Reasons Taxes Are Going Up
Well, folks, the party’s over. Campaign rhetoric won’t hide America’s excesses, denial, incompetence and arrogance much longer. No matter who’s elected, taxes will increase to cover massive debts.
Dow Jones Bottom?
That suggests a stubbornly held bearishness among the editors [...]
Rumors - March 24, 2008
Visit the Investor Trip Forums to discuss these stories and more in detail.
J.P. Morgan Chase & Co., moving to quell a shareholder rebellion over its takeover of Bear Stearns Cos., agreed to quintuple the price it is offering for the ailing investment bank. In return, J.P. Morgan won new terms that will make it more [...]
Tracking the Performance of Jim Cramer’s Jan 2007 Stock Picks
Jim Cramer was quoted as saying:
“What I’m saying is that there are bargains right now, there are stocks right now that if you’re shrewd enough, you will be able to buy them at the opening today and I you’ll make money in a year from now.”
It has been a year since Jim Cramer made his [...]
Asian IPO Funds Dry Up
The worldwide credit cycle has halted Asian IPOs. While money and credit was flowing freely into the Asian markets over the last two years, the pool of money has since dried up. As the markets around the world begin to rescind from highs, money is being drawn away from world markets, particularly the [...]
How to Optimize a Kick Ass Retirement Portfolio
After the market turmoil in the past few weeks, retirement portfolios could have easily become unbalanced. Huge gains in the mining industry offset losses in the financial sector, while technology stayed near flat. Now is the best time to even out your portfolio for the long term, and here are factors to consider:
1. [...]
Chinese Government Dampers Energy Sector
Petrochina (PTR) has long been China’s outstanding energy play. Even Warren Buffett, the king of investing, is known for placing a sizeable sum in China’s number one oil producer. But as oil sets record prices, the strict market controls on Chinese gasoline has kept Petrochina’s growth at a near standstill. Petrochina held [...]
