Wall Street Watch Friday: AMD Doesn't Chip In
The chip maker that was a thorn in Intel's side during the PC glory years announced preliminary quarterly results after Thursday's market close, and it wasn't pretty.
JP Morgan Chase
The Scariest Part of Soaring Oil Prices: Investors' Fears
Recent market sell-offs may have been more about paranoia than about real risk. JPMorgan calculations indicate that the potential impact of rising oil prices on the economy may be less than most investors think. But the fear factor itself also can't be overlooked.
Late to the Party? JPMorgan May Buy 10% of Twitter
A little late to the social media party, JPMorgan plans to invest $450 million in Twitter to buy a 10% stake of the social media company.
Bank Stocks Lead Market to a Seventh Winning Week
Stocks ended the week on a positive note despite economic reports that fell short of expectations. But Cort Gwon of FBN Securities says there was lots to cheer about as fears over the debt crisis in Europe lessened and U.S. companies announced stellar earnings.
Is Robo-Signing Just the Tip of the Iceberg?
In a Senate panel hearing Monday, the Iowa attorney general said the problems in the home-loan industry extend well beyond just "robo-signing." A system-wide overhaul is needed, he said. But banks say any mistakes were merely procedural. Were homeowners wrongly forced out of their homes?
JPMorgan Earnings Beat Estimates on Lower Loss Provisions
The nation's second-largest bank by assets said third-quarter income rose 23% to $4.4 billion, or $1.01 a share. While investment and retail banking revenue slipped, JPMorgan was able to set aside less money to cover bad loans, which accounted for the better-than-expected earnings in the quarter.
GMAC Will Review Foreclosures in All 50 States
GMAC, which is a unit of Ally Bank, has hired a number of accounting and legal firms to go over its foreclosure procedures.
Foreclosure Bill, Blasted by Critics, Vetoed by Obama
Putting the brakes on the bill, which the House of Representatives passed in April and the Senate approved last month, signals caution at a time when allegations of flawed foreclosure documents are popping up across the nation.
Bankruptcy Plan for Tribune Collapses
So much for the hope of a relatively quick and painless exit from bankruptcy for Tribune Co. A reorganization plan that would have turned over control of the Chicago-based media conglomerate to lenders has reportedly fallen apart.
Populist Protester Lights the Fuse of Homeowner Rage
The Neighborhood Assistance Corporation of America took its case to the Capitol last week, where members disrupted a congressional committee hearing, surprised a bank CEO, and dramatized the problems faced by "underwater" homeowners.
Will JP Morgan Fall Short?
After posting three straight banner quarters, JP Morgan Chase is feeling the pressure to end the year on a rising note. But after what may have been a slower fourth quarter, some Wall Street analysts have dialed down their earnings expectations for the bank.
Five Media Changes to Watch for in 2010
What media-industry developments and market forces will make headlines in the year to come? Pay-to-read online content, tablet computers, mom-and-pop newsrooms and, oh yes -- banks taking over the magazine and newspaper game.
