Fox Lake Towing and Recovery

Reuters has divulged some details about the IPO plan. The most depressing among these is that the deal will price well below the level that would get U.S. taxpayers back the money that they have put into the No. 1 automaker.

Continue reading GM's IPO Pricing: Too Low to Repay Taxpayers?

GM's IPO Pricing: Too Low to Repay Taxpayers? originally appeared on DailyFinance on Sun, 05 Sep 2010 12:40:00.

Filed Under: Company News, Goldman Sachs

Corporate profits are booming again, but President Obama's popularity is sinking fast, even among his former supporters on Wall Street and in big business. As the crucial fall elections loom, the shift in sentiment could have an impact on the markets.

Continue reading Wall Street to Obama: The Love Affair Is Over

Wall Street to Obama: The Love Affair Is Over originally appeared on DailyFinance on Thu, 02 Sep 2010 17:30:00.

Filed Under: Economy, People, Investing, General Electric , Goldman Sachs , Intel

U.S. regulators used "flawed information" when they decided not to extend the kind of aid to Lehman Brothers that later went to other financial institutions, according to prepared remarks that the bank's former CEO Richard Fuld will deliver before the Congressional Financial Crisis Inquiry Commission Wednesday.

Lehman filed for the nation's largest-ever bankruptcy in September 2008, a move that...

Continue reading Fuld: Regulators Had 'Flawed Information' in Lehman Bankruptcy

Fuld: Regulators Had 'Flawed Information' in Lehman Bankruptcy originally appeared on DailyFinance on Wed, 01 Sep 2010 06:57:00.

Filed Under: Economy, People, Goldman Sachs , Morgan Stanley , American International Group, General Motors, Taxes, Insurance, Credit

Axa (AXAHY), the largest investor in Goldman Sachs (GS), cut its stake by more than 50% in the second quarter as the bank dealt with civil fraud charges and flagging business.

Axa, a French insurance and wealth management company, reduced its stake in Goldman from about 5% at the start of April to 2.1% at the end of June, the Financial Times reported. That's a sell-off of more than 16 million...

Continue reading Axa Slashed Goldman Stake in the Second Quarter

Axa Slashed Goldman Stake in the Second Quarter originally appeared on DailyFinance on Mon, 30 Aug 2010 09:03:00.

Filed Under: Company News, Investing, Goldman Sachs , Stock Picks, Stocks in the News

Home sales are way down, unemployment is still high, and investors are waiting for the Federal Reserve to take action. Passions run high about what the Fed should do next, but its ability to move the needle on GDP growth or unemployment may be more limited than most assume.

Continue reading What Can Bernanke Do? Fed Has Few Options Left to Boost Job Growth

What Can Bernanke Do? Fed Has Few Options Left to Boost Job Growth originally appeared on DailyFinance on Wed, 25 Aug 2010 06:30:00.

Filed Under: Economy, Credit