UBS (NYSE: UBS) Swings To Q1 Profit, Tops Estimates

Posted by mitch on May 4th, 2010

UBS AG announced Tuesday that it swung back to a profit in the first quarter as strong results from its investment banking unit helped boost the bottom line. The Swiss bank said it earned 2.2 billion Swiss francs ($2.02 billion)... More »

Lending Club Fees and Prosper.com Fees: Which Peer to Peer Lending Site Has the Lowest Fees for Investors?

Posted by ABMN Staff on May 4th, 2010

Prosper.com and Lending Club are two companies which operate peer-to-peer lending marketplaces which allow their members to serve as lenders and provide loans to other members of the site. As with any investment, fees matter. Investors... More »

BP (NYSE:BP), Halliburton (NYSE:HAL), Transocean (NYSE: RIG) and the Cost of Deepwater Horizon

Posted by Gary on May 3rd, 2010

BP (NYSE:BP), Halliburton (NYSE:HAL) and Transocean (NYSE:RIG) all stand to lose into the billions of dollars in the explosion on the Deepwater Horizon oil rig which resulted in the oil spill stretching across the Gulf of Mexico. The... More »

Towers Watson And Co (NYSE: TW) Upgraded to Buy from Citigroup (NYSE:C)

Posted by Gary on May 3rd, 2010

Citigroup (NYSE:C) upgraded Towers Watson and Co (NYSE:TW) from “Hold” to “Buy,” and have raised their target price from $52 to $60, citing their handling of the merger with Towers Perrin particularly well. At... More »

Traders Sending Mixed Signals on Treasury Sale of Citigroup (NYSE:C) Stock

Posted by Gary on May 3rd, 2010

It was thought once the Treasury Department starting the process of selling shares in Citigroup (NYSE:C) it had a good chance of surging past the $5 mark on a sustainable basis, as the beginning of the removal of government control... More »

New York Judge Rules that Bank of America (NYSE: BAC) Must Defend Fraud Claim Against Countrywide

Posted by ABMN Staff on May 3rd, 2010

A New York state judge ruled that Bank of America Corp (NYSE: BAC) must defend a claim made by a unit of MBIA Inc (NYSE: MBI) against Countrywide Financial, a company which Bank of America purchased in 2008, according to a report from... More »

Bank Of America (NYSE: BAC) Names Robert Arth President Of Business Capital Unit

Posted by mitch on May 3rd, 2010

Bank of America (NYSE: BAC) announced Monday that Robert Arth has been selected as the new president of Bank of America Business Capital, a unit of the bank that provides asset-based lending worldwide. Bank of America Business Capital... More »

Citigroup (NYSE:C) Says Euro Will Rally on Greece Bailout – Are they Serious?

Posted by Gary on May 3rd, 2010

According to Citigroup (NYSE:C) strategist Steven Englander the euro could surge above $1.35 as the possibility of a Greece bailout bringing more stability to Europe could drive up the beleaguered currency. Englander thinks investors... More »

Warren Buffett Strongly Defends Goldman Sachs (NYSE:GS) Over Fraud Charges

Posted by Gary on May 2nd, 2010

At the highly popular annual shareholders meeting of Berkshire Hathaway (NYSE:BRK), Warren Buffett came out strongly in defense of Goldman Sachs (NYSE:GS) over the fraud allegations leveled against them. Buffett told shareholders that... More »

Lending Club’s Fees and Prosper.com’s Fees: Which Peer to Peer Lending Site Has the Lowest Fees for Borrowers?

Posted by ABMN Staff on May 2nd, 2010

Lending Club and Prosper.com are two companies which operate peer-to-peer lending marketplaces which allow borrowers to take out unsecured loans from other members of the site that act as lenders. Both marketplaces operate with slightly... More »

Berkshire Hathaway (NYSE: BRK-B) Reports $3.6 Billion Preliminary Q1 Profit At Annual Meeting

Posted by mitch on May 1st, 2010

Berkshire Hathaway (NYSE: BRK-B) announced over the weekend at its annual shareholder’s meeting, a preliminary first quarter profit of $3.6 billion, returning the firm to profitability for the period after losing $1.53 billion in... More »

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