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The New York Times is reporting that Morgan Stanley (MS) has been approached by Wachovia (WB) about a buyout. According…
Morgan Stanley (MS) tumbles on fears it will be the next victim of credit crisis. Shares falls to $16.08 from…
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for…
By all accounts, Morgan Stanley (MS) was supposed to have a mediocre quarter. Wall St. was concerned it could be…
According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive. Reuters report…
This week seems to be unprecedented for the financial powerhouses and bulge bracket brokerage firms. While Merrill Lynch had to…
AIG (AIG) plans to sell its auto insurance unit, annuity operations, and aircraft leasing division. It sounds a lot like…
Covering financial stocks this morning looks a bit like an assassination happening live on television. Futures are being pulled sharply…
According to Reuters, Lehman (LEH) will seek Chapter 11 protection. Reuters reports that Bank of America (BAC) will buy Merrill…
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me…
Several media reports say that large financial firms are trying to reduce their risk to deals that they have with…
Lehman (LEH) may or may not open for trading on Monday morning. A number of experts believe that the broker’s…
According to Reuters, oil fell another $1 to $109. Reuters writes that Coca-Cola (KO) will pay $2.5 billion for Chinese…
Lehman (LEH) will lay off about 6% of its work force according to The New York Times. That is about…
The AP announced its list of the top 10 paid CEOs for 2007. The figures were based on "AP’s compensation…
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