HCA, the largest hospital operator in the U.S., has many strengths, and its IPO would be the largest private-equity-backed offering since the start of the financial crisis. But will the market's recent volatility make things challenging for the IPO?
Continue reading Amid Market Turmoil, HCA Files for a $4.6 Billion IPO
Amid Market Turmoil, HCA Files for a $4.6 Billion IPO originally appeared on DailyFinance on Fri, 07 May 2010 12:55:00.
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Health Care
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In order to enforce net neutrality rules, the FCC is reclassifying Internet service providers into the same regulatory "box" as phone companies. The move gives the FCC the authority to drastically improve broadband competition -- but the FCC has decided it won't use that power.
Continue reading Legal Briefing: Net Neutrality, Yes; Broadband Competition, Not Really
Legal Briefing: Net Neutrality, Yes; Broadband Competition, Not Really originally appeared on DailyFinance on Fri, 07 May 2010 11:49:00.
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Technology,
Media,
Goldman Sachs ,
American International Group,
AT&T,
Bank of America,
Verizon,
Comcast,
Citigroup
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The Dow suffered its single worst intraday drop on Thursday. But were legitimate concerns about Europe exacerbated by human error at Citigroup? And worse, did computerized trading send it into overdrive?
Continue reading Did a Citigroup Trader's Error Worsen the Market Collapse?
Did a Citigroup Trader's Error Worsen the Market Collapse? originally appeared on DailyFinance on Thu, 06 May 2010 18:36:00.
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Investing,
Apple,
Citigroup,
Procter & Gamble
Banks make a tidy profit off ATM fees, ranging from $1 to $7, but a proposed amendment to the financial reform bill would cap fees at 50 cents per transaction. Instead of helping consumers, it may end up hurting them if banks end up closing less-profitable ATMs, limiting access to cash.
Continue reading Senators Push for a Cap of 50 Cents on ATM Fees
Senators Push for a Cap of 50 Cents on ATM Fees originally appeared on DailyFinance on Thu, 06 May 2010 14:45:00.
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JP Morgan Chase,
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Wells Fargo & Co
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Questions about whether Goldman Sachs Group chairman and CEO Lloyd Blankfein can stay in his job are mounting. Could Buffett step in?
Continue reading Could Warren Buffett Save Goldman as He Did With Salomon?
Could Warren Buffett Save Goldman as He Did With Salomon? originally appeared on DailyFinance on Wed, 05 May 2010 05:10:00.
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Goldman Sachs ,
Berkshire Hathaway,
Bank of America,
Citigroup
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The bank's shares were hammered on Friday as Wall Street finally woke up to its enormous reputational damage. This follows reports that a criminal investigation is being considered.
Continue reading Goldman Shares Tumble as Image Takes Another Hit
Goldman Shares Tumble as Image Takes Another Hit originally appeared on DailyFinance on Fri, 30 Apr 2010 19:00:00.
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Investing,
Goldman Sachs ,
Citigroup
The following is a round-up of news likely to affect stock prices today:
Caterpillar (
CAT) just reported a first-quarter net income ex-items of 50 cents per share, beating estimates for a profit of 39 cents per share. The heavy machinery company also raised its 2010 earnings and revenue outlook far above Wall Street's forecasts, as it is seeing strong order activity related to mining and energy....
Continue reading Stocks in the News: Caterpillar, BlackRock, Hertz
Stocks in the News: Caterpillar, BlackRock, Hertz originally appeared on DailyFinance on Mon, 26 Apr 2010 07:39:00.
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Investing,
Oracle,
Research In Motion,
Citigroup,
Whirlpool
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Morgan Stanley racked up a first-quarter profit of $1.4 billion to easily top Wall Street estimates, thanks to a big jump in revenue and a rebound in asset management. It's the latest big bank to eclipse analysts' estimates this quarter.
Continue reading Morgan Stanley Earnings Swing Investment Bank Back to Profit
Morgan Stanley Earnings Swing Investment Bank Back to Profit originally appeared on DailyFinance on Wed, 21 Apr 2010 10:00:00.
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Italy's Banca Carige and two insurance units allege that the investment bank misrepresented the risks associated with a fund-linked "total return swap." The bank is seeking $47 million in damages.
Continue reading An Italian Bank Files a $47 Million Fraud Suit Against Citigroup
An Italian Bank Files a $47 Million Fraud Suit Against Citigroup originally appeared on DailyFinance on Tue, 20 Apr 2010 15:00:00.
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Goldman Sachs ,
Citigroup
Following last week's revelations of civil fraud charges from the Securities and Exchange Commission, Goldman Sachs Group now confronts a public relations headache that many experts say may get only worse.
Continue reading Lush Earnings Alone Won't Restore Goldman Sachs's Reputation
Lush Earnings Alone Won't Restore Goldman Sachs's Reputation originally appeared on DailyFinance on Tue, 20 Apr 2010 09:40:00.
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Economy,
Goldman Sachs ,
Citigroup