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CEOWORLD Daily Business Roundup- China, GOOG, ZIP, BAC, MAT, HAS, GPC, KNL, SCHW, JPM, WFC…
Friday, April 15, 2011 - 7:25am | 2050The world's largest electronics retailer by sales Best Buy Co. (BBY) plan to grow its online and mobile businesses while scaling back its “big box” retail space as part of a broader strategy to combat declining sales and rising competition. China's economy grew at a slightly slower rate in the...
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Bank of America CEO Says Dividend To Be Resubmitted "Later This Year" -CNBC (BAC)
Friday, April 15, 2011 - 7:19am | 26On CNBC, Bank of America (NYSE: BAC) CEO Brian Moynihan Says Dividend To Be Resubmitted "Later This Year."
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Assured Guaranty Announces Settlement With Bank of America, Includes $1.1B Payment To Company (AGO, BAC)
Friday, April 15, 2011 - 7:12am | 77Assured Guaranty Ltd. (NYSE: AGO) announced today that it has reached a comprehensive settlement with Bank of America (NYSE: BAC) Corporation and its subsidiaries, including Countrywide Financial Corporation and its subsidiaries, regarding their liabilities with respect to 29 residential mortgage-...
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UPDATE: Bank of America Revenues $26.88B Vs. $26.69 Estimate (BAC)
Friday, April 15, 2011 - 7:10am | 17Bank of America (NYSE: BAC) Revenues $26.88B Vs. $26.69 Estimate.
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BofA Appoints Gary Lynch To Be Global Legal Chief -Bloomberg (BAC)
Friday, April 15, 2011 - 7:08am | 20BofA (NYSE: BAC) appoints Gary Lynch to be the global legal chief.
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UPDATE: Bank of America: EPS $0.17 May Not Be Comparable To $0.27 Est. (BAC)
Friday, April 15, 2011 - 7:02am | 18Bank of America: EPS $0.17 May Not Be Comparable To $0.27 Est. (BAC)
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Why Did Groupon Turn Down Google's $6 Billion? Source Says $15-$20 Billion IPO Coming
Friday, April 15, 2011 - 5:58am | 192Remember when investors were shocked when Google (NASDAQ: GOOG) offered $6 billion to buy online coupon site Groupon? Further, remember the astonishment when Groupon turned Google down? It appears that the rejection had merit: a source familiar with the matter is saying that Groupon is looking at...
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Earnings Scheduled For April 15 (BAC, SCHW, MAT, GPC, KNL, WBS)
Friday, April 15, 2011 - 1:11am | 166Bank of America Corporation (NYSE: BAC) is projected to report its Q1 EPS at $0.27 on revenue of $26.69 billion. Charles Schwab Corporation (NYSE: SCHW) is estimated to post its Q1 earnings at $0.19 per share on revenue of $1.18 billion. Mattel Inc (NASDAQ: MAT) is expected to report its Q1 EPS...
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Stocks To Watch For April 15 (SCHW, BAC, GOOG, GPC, MAT)
Friday, April 15, 2011 - 12:53am | 248Some of the stocks that may grab investor focus today are: Wall Street expects Charles Schwab Corporation (NYSE: SCHW) to report its Q1 earnings at $0.19 per share on revenue of $1.18 billion. SCHW shares gained 0.33% to $18.28 in after-hours trading. Analysts are expecting Bank of America...
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Defense is the Best Offense 04-14-2011
Thursday, April 14, 2011 - 6:35pm | 940Cusick's Corner You have heard the analogy, Defense is the best Offense, but did you think of that when you look at your portfolio. Oil and Metals have been moving this year but have definitely hit some resistance, especially with commodity inflation so prominent and expanding. This has put...
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Banks, Collusion, Investigations, Oh My! (C, BAC, UBS)
Thursday, April 14, 2011 - 4:25pm | 311Did some of the world's biggest banks collude to manipulate a key interest rate before and during the financial crisis? According to the Wall Street Journal, the answer might be yes. Banks in both Europe and the United States may have understated their own borrowing costs, which are used to...
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Madoff Trustee Files Complaint Against JPMorgan Chase -Bloomberg (JPM)
Thursday, April 14, 2011 - 2:56pm | 37Bloomberg reported that Bernard Madoff's previous investment firm filed a revised complaint against JPMorgan Chase (NYSE: JPM) It sites that the bank was “thoroughly complicit” in the Madoff fraud.
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What's Hot On TheStreet
Thursday, April 14, 2011 - 2:18pm | 325Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 5 Reasons to Sell Bank of America Fictional financier Gordon Gekko would probably call Bank of America (NYSE: BAC) a "dog with fleas." Bank of America's stock has fallen 71% since 2006. Final Days of Life Erode...
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Benzinga's Political Roundup (DB, GS, C, WFC)
Thursday, April 14, 2011 - 12:06pm | 150President Barack Obama announced yesterday that he would try to cut $4 trillion from the deficit over the next 12 years. A Senate panel said that Goldman Sachs (NYSE: GS) and Deutsche Bank (NYSE: DB) misled investors about CDO's based on the housing market. The 14 largest U.S. mortgage servicers...
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KBW Reiterates Outperform on JPMorgan Chase (JPM)
Thursday, April 14, 2011 - 8:39am | 105KBW is out with its report today on JPMorgan Chase (NYSE: JPM), reiterating Outperform. In a note to clients, KBW writes, "Although JPM reported very noisy results, including outsized reserve release and elevated mortgage banking expenses, core PTPP earnings modestly exceeded our expectations...