Coverage: Wall Street bonus season
It’s that time of year again where everyone starts talking about Wall Street bonuses. The picture is mixed for many on the street with M&A and private-equity bankers looking to pull in the numbers while those at hedge funds are expecting less. Justin Baer had this story for the The Wall Street Journal: Many of […]
Coverage: Getting a mortgage may be easier
Fannie Mae and Freddie Mac reported earnings on Thursday, and there was a lot to digest. Profit dropped at both mortgage-finance companies, they’re returning billions to the U.S Treasury, and they said it might be easier for consumers to get loans. The Wall Street Journal story by Joe Light had all the details at the […]
Coverage: The rise of Alex from Target
The Internet was buzzing with a photo of a teenage Target worker named Alex. It was one of those moments when you stopped to wonder if the company had orchestrated the whole thing or if the photo had actually gone viral. Leslie Kaufman wrote for The New York Times that many are confused about whether Alex’s […]
Coverage: Pimco’s flagship loses record amount
It looks like Bill Gross is a huge draw, and investors are voting with their dollars. Pimco’s main fund saw record withdrawals The Wall Street Journal story by Kirsten Grind pointed out that the month’s withdrawals were larger than what was seen at competitors: Investors yanked an industry record $27.5 billion from Pacific Investment Management Co.’s […]
Coverage: Kia, Hyundai fined by U.S.
Kia and Hyundai will be paying up after misstating car emissions. The fine is a record for those paid under the Clean Air Act and could signal a change in how carmakers are held accountable for reporting. The Washington Post story by Joby Warrick and Steven Mufson had these details: The Obama administration Monday announced a […]
Coverage: Jose Cuervo, you are a friend of mine
Nearly two years later, Diageo is finally in talks to acquire the remaining stake in Don Julio that it doesn’t already own. In exchange, the company is going to give up Bushmills whiskey. The Wall Street Journal story by Dana Mattioli, Dana Cimilluca and Shayndi Raice had these details: Diageo PLC is nearing an asset-swap deal […]
Coverage: Let the holiday wars begin
The holiday wars are on, and it looks like Wal-Mart is fighting online rivals. The company is experimenting with matching prices, a move that could cut profit during a critical earning season. The Wall Street Journal had this story by Shelly Banjo: Wal-Mart Stores Inc. is testing a program to match online prices from rivals such […]
Coverage: Fed ends bond buying stimulus
While it’s been coming for some time, the Federal Reserve’s decision to end its historic bond buying stimulus program is one to note. It’s the end of an era left over from the financial crisis. Binyamin Applebaum had this story for The New York Times: An upbeat Federal Reserve said on Wednesday that the economic recovery was […]
Coverage: Facebook drops after warning on costs
Facebook reported third quarter earnings Tuesday after the market closed, but that didn’t keep investors from selling after hours after hearing the company’s projections for the rest of the year. Bloomberg had these details in a story by Sarah Frier: Facebook Inc. (FB) projected fourth-quarter sales that fell short of the highest analysts’ predictions, triggering a […]
Coverage: Bank of America settlement in jeopardy
The Securities and Exchange Commission could derail Bank of America’s mortgage settlement. The internal political battle could affect the way the bank does business including how it sells shares to wealthy investors. The Wall Street Journal story by Andrew Ackerman and Christina Rexrode had these details: An internal disagreement within the Securities and Exchange Commission […]
