Weak Earnings Results Drive Slight Decline on Wall Street
Disappointing earnings results weighed on the stock market in morning trading on Thursday, following two steep drops this week.
Morgan Stanley
Morgan Stanley Profit Falls, But Beats Wall Street Expectations
Morgan Stanley says profit and revenue dropped in the first quarter, though the results beat Wall Street expectations.
Bullishness from 2 Investment Banks; Lululemon Recall
Goldman Sachs expects the S&P index to hit 1625 this year, and Morgan Stanley (MS) raised its target to 1600. Both had been pretty bearish on the market. The S&P closed yesterday at 1552.
Is Goldman Sachs Riskier Than It Wants to Admit?
The Federal Reserve will release the final results of its bank stress tests after Thursday's market close. But preliminary results suggest Goldman could lose $25 billion from bad trades in another financial crisis, more than any other bank tested by the Fed.
From Wall Street to NYC Cabbie: What I Learned on the Way Down
Jack Alvo explains how he went from earning $200,000-plus a year on Wall Street to driving a New York City cab, and how it gave him a second chance.
Why It's Really Time to Break Up the Too Big to Fail Banks
When the financial crisis hit, Washington chose to rescue America's biggest banks, lest their failure crush the economy. Now, "too big to fail" has morphed into "too big to jail," and letting them remain that way isn't good for the economy -- or the banking industry.
Morgan Stanley Shares Climb After Bank Swings Back to Profitability
Investment bank Morgan Stanley says it swung to a profit in the fourth quarter. Shares jumped in pre-market trading. The bank earned $867 million after stripping out an accounting charge. That's up from a loss of $374 million in the same period a year ago.
Goldman Sachs, Morgan Stanley Pay $557 Million in Mortgage Case
The agreements announced Wednesday with the Federal Reserve were similar to deals struck earlier this month with 10 other major banks and mortgage lenders, relating to wrongful foreclosures. Combined, the 12 firms will pay more than $9 billion.
Stock Futures Mixed After S&P Closes at 5-Year High
Stock futures are mixed in light volume with markets awaiting the next rush of earnings reports DJIA and S&P 500 futures are down a hair, while Nasdaq futures are up a point. Traders appear to be holding their positions a day after the Standard & Poor's 500 Index ended at a five-year peak.
Top 10 Business Stories of 2012
This would be the year when the global economy finally regained its vigor. At least that's what many had hoped. It didn't happen. So what were the top ten business stories of 2012?
Major Banks Cutting 160,000 Jobs Worldwide -- With More to Come
Major banks have announced some 160,000 job cuts worldwide since early last year, more layoffs are coming as the industry restructures. The numbers are much higher in Europe than in Asia or the United States -- and those loses will be a particularly heavy blow to Britain.
Stock Upgrades: Sherwin-Williams Set to Paint the Town Red
If the fifth lightest trading volume of 2012 was like watching paint dry, you won't find Sherwin-Williams complaining. The stock climbed 5.84% in its best showing for 14 months, and scored an analyst upgrade this morning.
2012 Election: Which Industries Won When Obama Did
The election is over, and now, the many investors who were keeping a close eye on the polls know what they're getting (somewhat) in terms of the federal government for the next few years. Here's a look at 21 economic sectors, and what a second Obama term will mean for each of them.