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Coca-Cola Co. 2Q profit drops 23 percent
Coca-Cola Co. said Thursday its second-quarter profit fell 23 percent as it took a one-time charge related to its bottler.
HBOS shares fail to hit 4bn rights issue price
HBOS shares failed to clamber back above the price of its 4bn rights issue yesterday, potentially leaving its underwriters - Morgan Stanley and Dresdner Kleinwort - with more than 1bn worth of the high street ...
Securities and Exchange Commission moves to curb Fannie and Freddie short-sellers
America's leading financial regulator is to put in place emergency measures to stop short-sellers from using "naked shorting" to target mortgage companies Fannie Mae and Freddie Mac as well as investment banks ...
Ubs Raises Adviser Pay to Keep Its Talent
Swiss bank UBS AG is taking steps to save its crown jewel, the wealth management business, by boosting compensation for its financial advisers, who have been defecting in droves to competing firms.
Chipotle Mexican Grill: Beware of Value Trap
Shares of Chipotle Mexican Grill, Inc. continue to trade lower as prospects for the overall economy become dim.
Bank earnings and stock prices expected to fall
In the next couple of weeks, banks will report their financial performance in April, May and June.
HK charges ex-Morgan banker with insider dealing
A former Morgan Stanley managing director has been arrested and charged in Hong Kong with insider dealing linked to trades in CITIC Resources Holdings Ltd , the territory's financial regulatory body said.
The Curious Case of Herman Arbizu, Part III
Just a quick note to point out that on Independence Day the NYT finally picked up the Hernan Arbizu story .
Confidence drops in Sky's 10m target
Analysts are losing confidence in Sky's ability to reach its target of 10m subscribers by the end of 2010.
China Medical Technologies: Volatility and Profits
China Medical Technologies, Inc. and its often cited cousin Mindray Medical International Limited have both had more than their share of volatility this year.
News Corp announces plans to privatise set top box maker NDS
Media moghul Rupert Murdoch-owned News Corp has announced plans to privatise its pay TV encryption technology company, NDS Group.
Familiar Themes on a Different Scale
Testimonials "The only English daily in Russia for 15 years! That stands for itself.
Fidelity names former Morgan exec CIO
Fidelity Investments of Boston today named Daniel Petrozzo chief information officer.
Goldman benefits from 'flight to quality' in prime brokerage biz
The credit crunch and near-collapse of Bear Stearns has triggered a "flight to quality" in the prime brokerage business as hedge funds shift assets to the largest, most financially stable investment and ...
Firms warned of auction-rate market's failure
At least five Wall Street firms warned Massachusetts officials -- but not most individual investors -- before February's collapse in the market for a type of bond that many had viewed as safe investments, The ...
The credit crisis has caused Wachovia no end of grief. As Warren Buffett would say, this commercial banking stalwart was one of the many companies left swimming naked when the tide went out.
Lehman up after Morgan Stanley's overweight rating
Morgan Stanley recommended investors buy Lehman Brothers shares, setting a price target of $31, after the beleaguered investment banking firm's stock fell nearly 11 percent on Monday, owing to rumors that it ...
Ladenburg Thalmann on Monday cut its 2008 and 2009 profit estimates for Morgan Stanley on worries that management turmoil and a dip in equity markets will affect the bank's bottom line.
The Curious Case of Herman Arbizu, Cont'd
I've now seen various complaints that JP Morgan filed against rogue private banker Hernan Arbizu in the Southern District of New York, which between them clear up a few of the many questions in this case.
You Read It Hear First...... Reuniting Commercial & Investment Banks
A collection of often sceptical, always candid observations and insights on the US economy, politics and large-cap equity markets by the Chief Investment Officer of Performance Research Associates, LLC.