Morgan Stanley Looks to Sell China Investment Bank Stake
November 9, 2009 by AJ · Leave a Comment
Morgan Stanley is seeking a buyer for its 34 percent stake in investment bank China International Capital Corp, Wei Sun Christianson, the U.S. bank’s China chief executive, said on Monday. Check out the story below.
http://www.cnbc.com/id/33713113
Are you still waiting on your Refunds Check?
November 6, 2009 by MoneyElement · Leave a Comment
IRS has combined $123.5 Million from 107,831 refund checks, which have been returned by the Postal Services due to invalid mailing address. Chances are if you have been waiting on your refund check your mailing address must a mismatch with IRS’s records. Taxpayers only have to go to “Where’s My Refund?” tool on IRS.gov or [...]
Strong Cisco Earnings
November 4, 2009 by MoneyElement · Leave a Comment
The company reported strong earnings this afternoon. Earnings per share were $0.36 above the expected $0.31. Cisco also announced today that its board of directors is authorizing up to $10 billion in additional repurchases of its common stock.
Q1 Net Sales: $9.0 billion (decrease of 13% year over year)
Q1 Net Income: $1.8 billion GAAP; $2.1 billion [...]
Berkshire’s Family keeps growing
November 3, 2009 by Magnifico · Leave a Comment
Burlington Northern (BN) announced few min ago that it agreed to be purchased for $100/share by Warren Buffett -total transaction comes to about $4 billion and it will be finalized by Q1 2010…and who said deals were dead?
Market Update
October 29, 2009 by Magnifico · Leave a Comment
Market is still going strong:
DOW 159.61 (+1.63%)
NASDAQ 32.47 (+1.58%)
S&P 500 18.74 (+1.8%)
Market Update
October 29, 2009 by Magnifico · Leave a Comment
GDP helps markets to rally:
DOW 111.09 (+1.14%)
NASDAQ 30.4 (+1.49%)
S&P 500 14.98 (+1.44%)
Market Update
October 29, 2009 by Magnifico · Leave a Comment
After contracting 0.7% in the April-June period, third-quarter GDP increased by 3.5%. Also, Jobless Claims move lower to 530,000
Economic Calendar 10/29/2009
October 29, 2009 by Magnifico · Leave a Comment
8:30 Advance Q3 GDP
8:30 Initial Jobless Claims
9:30 Hearing: Systemic Regulation
10:00 Q3 Housing Vacancies
10:00 Hearing: Impact of the Recovery Act on Economic Growth
10:30 EIA Natural Gas Inventory
12:15 PM Lawrence Summers speaks
1:00 PM Results of $31B, 7-Year Note Auction
4:30 PM Money Supply
8:40 PM Geithner Q&A
2 U.S. economists win Nobel Prize
October 12, 2009 by Anthony · Leave a Comment
Oliver Williamson and Elinor Ostrom, who is the first women ever… …read more…
Following the steps of Madoff
October 9, 2009 by MoneyElement · Leave a Comment
William Del Biaggio, known as a young investment representative, co-founder of San Jose’s Heritage Bank, with bright future, now better known for forging documents to get $100 Million in Loans. This September it has been reported that Mr. Biaggio is going to be spending some quality time in the big house; eight years to be [...]
