| Stocks indecisive ahead of resultsCNN - 1 hour agoNEW YORK (CNNMoney.com) -- Techs dipped and the broader market struggled near midday Monday as investors mulled a report showing a jump in Chinese exports, considered a weaker dollar and geared up for the start of the quarterly reporting period. The Dow Jones industrial average () was barely changed nearly 2-1/2 hours into the session. Stocks zigzag ahead of Alcoa earnings report Chicago Tribune White House Considers Bank FeesWall Street Journal - 1 hour agoWASHINGTON -- The Obama administration is considering levying a fee on banks to recoup more of the taxpayer funds spent to rescue the financial system, according to an administration official. The proposal is still subject to discussion and no final decision has been made as to what form it might take. Obama Weighs Bank Fee to Help Cut the Federal Deficit New York Times | |
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Venture Defaults on Stuyvesant TownWall Street Journal - 2 days agoTishman Speyer and Inc. said Friday that they wouldn't make a full scheduled debt payment to senior lenders on Stuyvesant Town and Peter Cooper Village, triggering default and leaving one of New York's largest apartment complexes in limbo. The joint venture "has been engaged in discussions with CWCapital, the special servicer acting on behalf of the lenders, and hopes to continue good-faith negotiations toward a potential restructuring of the debt," the venture said in a statement. NYC Stuyvesant Town complex misses payment Reuters |
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Stocks stage late advanceCNN - 2 days agoNEW YORK (CNNMoney.com) -- A tech rally propelled the Nasdaq and helped the broader market erase losses Friday, as investors took in stride a surprisingly weak jobs report amid other recent signs that the economy appears to be stabilizing. The Dow Jones industrial average () added 8 points, or 0.7%, according to early tallies. Job Loss Numbers Push Down Stocks at Open (Market Update) SmartMoney Analyst Sees Weakness in Fixed IncomeTheStreet.com - 2 days agoNEW YORK () -- Citigroup () analyst Keith Horowitz offered a bearish outlook for fixed income trading on Friday, and subsequently ratcheted down earnings estimates for four of the big banks. Fixed income trading was a bright spot for the financials in 2009, but Horowitz believes the gravy train ground to a halt in the fourth quarter and cut his view on Bank of America () , Goldman Sachs () , Morgan Stanley () and JPMorgan Chase () . Financial Stocks: Citi cuts estimates, sees fixed-income slowdown MarketWatch |
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G.M. Hires AlixPartners to Wind Down SaabNew York Times - 3 days agotook another step toward winding down its brand by hiring the consulting firm AlixPartners to supervise the process, even as bidders are emerging for the Swedish marque. G.M. said that it is asking the Swedish government to approve the appointment, which will not be affected by the company’s evaluation of bids from the likes of Dutch car maker Spyker Cars and British buyout firm Genii Capital . Ecclestone makes last ditch bid for Saab CNN Cadbury to focus on value in final Kraft defenseReuters - 3 days agoLONDON (Reuters) - British bid target Cadbury ( CBRY.L ) will paint an upbeat picture for 2010 and upgrade 2009 forecasts next week in a final attempt to fight off a hostile bid from Kraft Foods ( KFT.N ), analysts said on Friday. But a small rise in Kraft's hostile 10.5 billion pound ($16.8 billion) bid will be enough to win over Cadbury shareholders, most analysts and investors believe, even if good Christmas trading and cost cutting allow the confectioner to beat its guidance for underlying 2009 sales growth and margin. Five Dumbest Things on Wall Street: Jan. 8 TheStreet.com |
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