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Bank of New York Mellon Corp

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  • Big Financiers Start Lobbying for Wider Aid Monday, 22 Sep 2008 | 9:55 AM ET

    Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it, reports the New York Times.

  • For the historic week ending Friday, September 19, 2008,  the major U.S. Indices managed to close mixed and almost flat after one of the most volatile trading weeks ever, driven by the collapse of investment bank, Lehman Brothers, enormous government actions around the globe, and billion dollar deal making.  In one week, the government bailed out AIG, pumped funds into money markets, and banned short selling of financials - all while keeping the Fed Funds target unchanged and taking unprecedented actions to halt the liquidity crisis.  The CBOE Volatility Index (VIX) surpassed the benchmark level of 30, hitting an intraday high of 42.16 on Thursday, its highest level since 10/2002.    The major indices were all up and down +/- 3% for 4 of the past 5 days.  The Dow posted a 2 day point move of more than 778 points as of Friday’s close, after plummeting 811 between Monday and Wednesday and hitting 10,609.66, its lowest level since 11/9/2005.  On Friday, The Nasdaq Composite recorded a 2-day point move of greater than 175 points after it closed down 109.05 points on Wednesday, its first triple digit decline for one day since it began trading after the 9/11 attacks.  The S&P 500 flirted with record territory closing up 98.7 over the last two days, marking its biggest 2-day point move since 3/16/2000, the largest 2-day point move ever.

  • Stocks Surge on Paulson Plan For Banks Thursday, 18 Sep 2008 | 4:02 PM ET

    Stocks whipsawed back into positive territory after regulators in the US and Europe took aim at short sellers and progress continued toward resurrecting the Resolution Trust Corporation to dispose of bad bank assets.

  • Are Wall Street’s Boom Times Over? Tuesday, 16 Sep 2008 | 10:47 AM ET

    Lehman falls, Merrill is sold, and more fallout is likely ahead. Wall Street has likely changed forever, says the New York Times.

  • Throwing Out The Playbook Wednesday, 3 Sep 2008 | 6:28 PM ET

    Attention Starbucks shoppers, there’s an early bird special over by the pastry counter. But only for the next 15 minutes, so better hurry! Sound far-fetched? Maybe not.

  • Week Ahead: Volatile Stocks, Oil Watch, Fed on Hold Monday, 4 Aug 2008 | 11:12 AM ET

    Oil prices will be the trigger for stocks in the week ahead. The Fed meets Tuesday and as usual, traders will watch for nuances in the Fed's post-meeting statement.

  • Pops & Drops: Harley-Davidson, Yum! Thursday, 17 Jul 2008 | 6:38 PM ET

    Following are the day’s biggest winners and losers. Find out why shares of Harley-Davidson and Capital One popped while eBay and Yum! dropped.

  • Buy Commodities, Sell Financials May Finally Be Over? Wednesday, 16 Jul 2008 | 4:17 PM ET

    The two factors moving the market today were 1) the drop in oil, now down almost 10 percent in two days, and 2) the rally in financials.

  • Homebuilders Bottom Before Banks Monday, 14 Jul 2008 | 3:19 PM ET

    But the housing sector needs a merger before that happens, Cramer says.

  • Lightning Round: Stay Out of Financials Monday, 7 Jul 2008 | 9:06 PM ET

    Cramer makes the call on viewers' favorite stocks.

  • Worst First Half Since '02 Monday, 30 Jun 2008 | 5:44 PM ET

    After hours Morgan Stanley recommended investors buy Lehman Brothers stock and set a price target of $31. What's the "Word on the Street?"

  • Herb On The Street: Overstock Outrage Wednesday, 25 Jun 2008 | 10:51 PM ET

    Overstock.com and its outspoken leader are going after some big fish on Wall Street. Overstock Chief Executive Patrick Byrne has filed a $3.4 billion lawsuit against brokerage firms alleging a “massive, illegal stock market manipulation scheme.”  The suit has left some power players fit to be tied, including Marketwatch.com columnist Herb Greenberg. As fate would have it, our cameras were rolling on Greenberg's fit.

  • Banks Lead Market Fall Monday, 2 Jun 2008 | 6:19 PM ET

    The Dow fell sharply on Monday after S&P jolted three leading U.S. banks with downgrades and Wachovia ousted CEO Ken Thompson. What's the "Word on the Street?"

  • Trading The Financials Monday, 2 Jun 2008 | 3:48 PM ET

    Financials came under pressure Monday after Wachovia ousted CEO Ken Thompson. Which other banks could also go lower?

  • Baby Boomer Portfolios: Retirement Stocks Wednesday, 14 May 2008 | 11:11 AM ET

    Joe Keating, CIO of private asset management at RBC Bank, picked stocks for graying Boomers. Plus: Web-Exclusive picks -- not on TV!

  • Russia Judge Demands Swifter Bank of NY Mellon Suit Tuesday, 13 May 2008 | 7:51 AM ET

    The judge presiding over Russia's $22.5 billion lawsuit against the Bank of New York Mellon insisted on Tuesday the case move toward a quick conclusion after more than a year of procedural delays.

  • Stocks End Flat Amid Fed Jitters Monday, 28 Apr 2008 | 4:58 PM ET

    Stocks finished flat Monday as concerns about the Federal Reserve's rate decision in a couple of days kept a lid on activity generated by merger buzz.

  • Fed Jitters Keep a Lid on Index Gains Monday, 28 Apr 2008 | 3:28 PM ET

    Stocks ticked higher Monday amid merger buzz but index gains were modest as the market awaits the Federal Reserve's rate decision later this week.

  • Morgan Stanley: "Sell the Rally" in Financial Stocks Monday, 28 Apr 2008 | 11:53 AM ET

    Morgan Stanley analysts Monday told clients to "sell the rally" in financial stocks, slashing forecasts for big bank earnings and warning that the current credit crunch is only just beginning.

  • Small-Cap Stocks: Your Best Rebound Bet Thursday, 17 Apr 2008 | 3:50 PM ET

    Want to position your portfolio for the recovery? Then fly in the face of the crowd calling for big-cap equities. So says William Greiner, chief investment officer of UMB Asset Management. He told CNBC he believes the U.S. is already in a recession -- and says the best thing to do is buy small-cap stocks.