Deals of the Day includes all the major news of the morning related to mergers and acquisitions and financing. Mergers & Acquisitions Altria: Altria Group is reportedly considering a $10 billion bid for UST, the largest...
The US Treasury is close to a deal to prop up the mortgage finance giants Fannie Mae and Freddie Mac, whose crumbling finances have put the US housing market in jeopardy and threatened to turn an economic slowdown into a...
This is a recap of this week's major news on Wall Street. 1. Commodity stocks continued to move sharply lower this week. Traders remain concerned with the potential for a global slowdown and the implications that this...
Deals of the Day includes all the major news of the morning related to mergers and acquisitions and financing. Mergers & Acquisitions Altria: Altria Group is reportedly considering a $10 billion bid for UST, the largest...
with an eye towards the forming storms in the Atlantic? You know, that “long energy, short financial” bet that every hedge fund in the Street seemed to be in? Or is that sector too crowded a bet right now, particularly...
"The end of the current international financial system." That's how Yu Yongding described the result if government-sponsored mortgage giants Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) were to fail. Why should we...
Four years ago we observed that the so-called "Republican philosophy" of small government, sound money, and balanced budgets was illusory in terms of the history and then-current policies of the Republican Party. However,...
Filed under: Goldman Sachs Group (GS), Lehman Br Holdings (LEH)BBC News reports that another hedge fund has closed down thanks to its failure to bail out of the oil speculation trade that boosted oil to a peak of $147 in...
With the summer drawing to an end, we figure it's time to update the three-part series we published in June on how the housing bubble grew and popped. The series, recalls reporter Zachary Goldfarb, examined excesses in...