Opening Bell News: NWSA, JPM, VE, BAC, BBVA

 Every morning we put out a report with the latest news on global stock markets, company news, and economic news. In focus today, NWSA, JPM, GS, MS, VE, BAC, BBVA Morning Market Update  Market Levels US:  Dow Futures: 12470.00 (-0.66%), S&P 500 Futures: 1318.60 (-0.52%), NASDAQ Futures: 2547.75 (-0.39%) Europe: CAC: 3048.27 (-0.49%), DAX:...

Post-Market News: In Focus; BCS, GOOG, BLK, WSDT, KKR, BX

  Every afternoon we provide an update on global market levels, company news, economic news, and hedge fund news. Stocks in focus today include BCS, GOOG, BLK, WSDT, KKR, BX. Post Market Update Market Levels   US:  Dow: 12627.00 (0.74%), S&P 500: 1331.85 (0.90%), NASDAQ: 2875.32 (0.74%) Europe: CAC: 3063.12 (1.65%), DAX: 6228.99 (1.48%), FTSE: 5523.92...

T-Mobile CEO Resigns, Will Join Deutsche Telekom

T-Mobile announced Wednesday that Phillip Humm, chief executive officer has put in his resignation, effective immediately. His place will be taken temporarily by chief operations officer Jim Alling until a new CEO is appointed by the company. The company offered no comment on Humm’s abrupt departure, saying only that he...

Mervyn King: Britain is Not Even Half-Way Through the Crisis

  Sir Mervyn King, the governor at Bank of England, shrouded Britain with despair in a Treasury Select Committee hearing. He openly displayed his pessimistic outlook with regard to Britain’s progress in the ongoing financial crisis citing that it could take Britons another five years, at the least, before they...

Germany is Being Increasingly Pressured Ahead of EU Summit

German Chancellor Angela Merkel stands increasingly alone within the E.U. as she resists calls for the issue of joint euro-area bonds and junks what she calls the “principle of collectivization.” Tomorrow’s European summit is being watched globally for likely solutions to the long-festering debt crisis. Spain, the latest European nation...

Barclays Reportedly Manipulated Libor Since 2005

U.S. and British regulators investigating an alleged fixing of the London Interbank Offer Rate (LIBOR) tasted first blood today when British bank Barclays PLC (NYSE:BCS) (LON:BARC) agreed to pay at least $450 million to settle charges emanating from the probe, according to a report by Alexandra Alper and Kirstin Ridley of Reuters. The Libor is...

Apple sold 250M iPhones, and Made $150B in Revenue [REPORT]

  Strategy Analytics has released a report this morning revealing that Apple Inc. (NASDAQ:AAPL) has sold more than 250 million iPhones since the device was first released almost five years ago. The news will come as little surprise to any following the stellar success of the mobile device. As all heads...

Microsoft is Building Smartphone Without Nokia

Nokia Corporation (ADR) and Microsoft Corporation (NASDAQ:MSFT), in separate interactions with the press, have put rest to rumors that  the latter is gearing up to manufacture its own smartphone. Speculation on Microsoft building its own phone started swirling around after a note to investors from Nomura analyst Rick Sherlund, citing industry sources,...

Facebook Gets Bullish Recommendations from Underwriters

Facebook Inc (NASDAQ:FB) has earned itself a buy recommendation from some of the world's leading investment banks (which also under-wrote the ipo); but some are still recommending a cautious position on the stock, Wall Street Journal notes. The investment banks issued their reports over the controversial stock, for the first...

Morning Market News: Updates on FB, LEN, GIS, AAPL, GOOG, MSFT, BA, GG

Market Levels     US:  Dow Futures: 12485.00 (-0.01%), S&P 500 Futures: 1316.00 (0.04%), NASDAQ Futures: 2548.25 (0.00%) Europe: CAC: 3024.24 (0.38%), DAX: 6151.14 (0.24%), FTSE: 5478.56 (0.58%). Asia-Pacific: Australia: 4043.20 (0.75%), China: 2216.93 (-0.23%), Hong Kong: 19176.95 (1.02%), India: 5141.90 (0.41%), Japan: 8730.49 (0.76%). Metals: Gold: 1570.50 (-0.28%), Silver: 26.88 (-0.57%), Copper:...

Closing Bell Company and Hedge Fund News: BLK, JPM, BBY, DAL

Every afternoon we provide an update on global market levels, company news, economic news, and hedge fund news. BLK, JPM, BBY, DAL are all in focus today. Post Market Update Market Levels US:  Dow: 12534.70 (0.26%), S&P 500: 1319.99 (0.48%), NASDAQ: 2854.06 (0.63%) Europe: CAC: 3012.71 (-0.30%), DAX: 6136.69 (0.07%), FTSE: 5446.96 (-0.07%). Asia-Pacific: Australia: 4013.30...

Philip Falcone to be Sued by US Regulators

According to a report by Bloomberg, the Securities and Exchange Commission has voted in favor of filing a lawsuit against Philip Falcone, billionaire founder of hedge fund Harbinger Group Inc (NYSE:HRG)  for inappropriately using client funds to pay his own taxes, and for giving unduly preferential treatment to Goldman Sachs Group,...

Facebook Faces a Key Test on Wednesday

  Facebook Inc (NASDAQ:FB) will face another milestone in the period after its initial public offering on Wednesday, when the quiet period barring analysts from banks that underwrote the offering are finally allowed to speak publicly of their research on the firm. There is a forty day quiet period following offerings...

Zynga Unveils New Figures and Features at Event Today

Here are some takeaways from Zynga’s Inc (NASDAQ:ZNGA) “Unleashed” event being held at its San Francisco headquarters. The company announced its new “Zynga API” – so that people can enjoy and create beautiful games. The company claims backend services do not require backend servers, hence it is opening up the service to...

Groupon Waits As Firms Line Up To Kill

Groupon Inc (NASDAQ:GRPN) has faced its share of problems since its initial public offering last year. Most of those problems, however, have not been external. Groupon's issues have almost all come from the inside. Now businesses are lining up to attack the tech company, hitting at its most visible...

BMO Ranked Best Canadian Trade Bank for Third Year in a Row

P eter Grills, the managing director and head of trade finance at Bank of Montreal (NYSE:BMO) (TSX: BMO) Capital Markets, is a happy man today. For the third year in a row, BMO Capital Markets has been noted for its instrumental role in steering the Canadian trade sector to greater heights. "Trade...

Chinese Government Sells Cars in Sign of Total Economic Meltdown

With their fortunes going out the window, Chinese local governments have been compelled to auction official luxury cars, according to the Financial Times. This move, though unorthodox, is geared towards improving revenues that have since hit rock bottom amid the unending slowdown. Auctions have begun taking place far and wide...

Nokia and RIM Trading at 16 and 9 Year Lows Respectively

Here’s a look at a couple of the really beaten down players in the mobile phone market: Research In Motion Limited (TSE:RIM) (NASDAQ:RIMM) and Nokia Corporation (NYSE:NOK) (BIT:NOK1V). RIM is trading today at $9.02, one of the lowest prices since 2004. Nokia Corporation (NYSE:NOK) is at $2.15, below its Feb 1996...

Facebook Quickly Drops Find Friends Nearby App

The social networking site, Facebook Inc (NASDAQ:FB) has announced that they will no longer offer the Find Friends Nearby app after only one day.  The application uses GPS to find other people around you that are logged into Facebook Inc (NASDAQ:FB) who live or work near your location.  Facebook has...

Coke and IKEA to Invest $5B in India in a Sign of Certitude

The Coca-Cola Company (NYSE:KO) recently announced that they would be investing an additional $3 billion in India over the next eight years as Coke looks to continue its domination over rivals such as PepsiCo, Inc. (NYSE:PEP), reports Reuters. Coke had just announced that they, along with its bottlers were going...

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