Warren Buffett Investing Billions in Goldman Sachs
The Goldman Sachs Group (GS), which yesterday relinquished its investment bank status and adopted a bank-holding co. structure - announced today that it has reached... >>>
Paulson, Bernanke Call For Immediate Action on Credit Turmoil
Fed Chair Ben Bernanke and Treasury Secretary Henry Paulson, testified today before the Senate Banking Committee on turmoil in U.S. credit markets. Once again in... >>>
Bristol-Myers Squibb Increases ImClone’s Tender Offer to $62 per Share
In a letter send Monday to Carl Icahn, the Chairman of ImClone Systems (IMCL), Bristol-Myers Squibb (BMY) announced that after consulting with external financial... >>>
Microsoft, Hewlett-Packard Increase Stock Buybacks
Microsoft (MSFT), in an effort to revive the share price of its stock after a nearly 30% slump this year - has authorized its board of directors to repurchase $40... >>>
Japan’s Largest Bank to Invest Billions in Morgan Stanley
Japan’s largest bank - Mitsubishi UFJ Financial Group [MUFG] has reached an agreement to invest up to 900 billion yen ($8.4 billion) for a stake of up to 20%,... >>>
Top Tier U.S. Firms Relinquish Investment Bank Status
The Federal Reserve in light of exigent circumstances affecting the financial markets has approved the applications of Goldman Sachs (GS) and Morgan Stanley (MS)... >>>
World Financial Markets Impose Short-Selling Ban
The Australian Government in a move aimed at offering its markets some protection from unprecedented turmoil in the financial markets worldwide, imposed on Sunday... >>>
Paulson Urges Congress in Getting the Bailout Plan Approved
US Treasury Secretary Henry Paulson made the rounds of the television talk shows on Sunday. He stressed the fact that the nation’s credit markets are “very... >>>
Treasury Sends Congress Unprecedented $700 billion Bailout Plan
According to Saturday’s news reports, the federal government is asking Congress for $700 billion to buy up bad debt from U.S. financial institutions in efforts... >>>
The Best Way to Cope With a Wild Market
It’s a bear market…bordering on panic…and most investors have been paralyzed. They feel there is nothing they can do. But that‘s not necessarily the case. Yesterday... >>>
