John Rogers Jr., chairman of Ariel Investments, bought shares of a provider of aerial transportation services for CNBC Pro's Platinum Portfolio. » Read More
Even in this anemic market, it appears the urge to merge is alive and well.
The trustee overseeing the liquidation of Mr. Madoff’s brokerage firm has asked a federal bankruptcy judge to allow him to cancel leases on six luxury vehicles that the firm had rented, the New York Times reports.
Financial stocks continue to take a beating, but Anton Schutz, portfolio manager of Mendon Capital, sees opportunities in financials with “too much capital.”
The past 14 days have left the financial industry wounded like never before. Who are the new winners on Wall Street?
CNBC has learned that an historic meeting is planned for Thursday evening to discuss the financial and housing crisis. What’s the word on the Street?
Lehman Brothers is in talks with prospective buyers to sell about $30 billion in commercial mortgage assets and other hard-to-value securities, the New York Post reported on its website.
The Dow closed modestly higher on Wednesday after the Federal Reserve held its key interest rate steady. What's the "Word on the Street?"
What are the options trades in Lehman Bros. stock saying about the brokerage's future?
Lehman has slashed its risky debt holdings by as much as 25% and raised $8 billion in capital this year to shore up its balance sheet, according to an internal memo obtained by CNBC
Lehman shares rebounded sharply on news that a big bond fund manager is buying the firm's debt and some positive comments from other Wall Street firms.
The U.S. credit crisis is easing and the risk in housing is dramatically lower now, but economic growth will remain under pressure , the CEO of Merrill Lynch said.
Is it time to jump back into beaten-down financial stocks--or is it still too early? Even the financial giants themselves can't agree.
Goldman Sachs said Tuesday it selectively upgraded shares of some brokers and asset managers, but remains cautious on stocks of regional banks, mortgage and specialty finance companies and real estate investment trusts.
What are your best trades if M&A activity bounces back in 2008?
Lazard posted weaker-than-expected quarterly earnings amid higher costs and little growth in merger and acquisition fees, sending shares of the financial advisory firm down.
TXU said on Monday that it has not received a competing bid to the $32 billion takeover offer from Kohlberg Kravis Roberts and Texas Pacific Group, and its financial advisers do not expect it to receive one.
DaimlerChrysler shares were trading higher Tuesday following several media reports that said private-equity bids for Chrysler could come in as early as this Thursday.