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Are Bank Stocks The Way Forward In 2016?
Wednesday, December 30, 2015 - 10:57am | 509Earlier in December, the U.S. Federal Reserve raised interest rates by a quarter of a percentage point, leading many traders to worry about the state of share markets come 2016. However, with further rate hikes likely in the New Year, many believe financials and bank stocks are poised to profit....
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The 9 Worst M&A Deals In History
Wednesday, November 11, 2015 - 2:48pm | 1551This month, Anheuser Busch Inbev SA (ADR) (NYSE: BUD) formally agreed to buy SABMiller in a $105.5 billion deal, one of the largest in the history of Wall Street. The new company is expected to dwarf competitors in the global market and give Anheuser Busch a favorable position in the beer space. By...
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Market Wrap For February 27: Yellen Talks Pushes Markets Higher
Thursday, February 27, 2014 - 5:47pm | 2887U.S. stocks rose after Federal Reserve boss Janet Yellen appeared in the hot-seat today speaking to the Committee on Financial Services and U.S. House of Representatives. Yellen said that it is too soon to determine the extent of which cold weather played a role in a recent batch of poor economic...
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Angelo Mozilo Settles For $67.5 Million (BAC)
Friday, October 15, 2010 - 2:25pm | 62Angelo Mozilo, the former CEO of Countrywide before it was taken over by Bank of America (NYSE: BAC) has agreed to settle with the SEC for $67.5 million. Mozilo will admit no wrong doing in lieu of settling. Mozilo settle a case in which the SEC accused him of civil fraud and insider trading...