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There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.
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What follows is a roundup of corporate earnings reports for Thursday, Feb. 3.
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Here's why you should keep a close eye on these six stocks.
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Businesses will be able to depreciate 100 percent of the cost of capital goods on their 2011 taxes, for equipment bought and placed in service between September 8, 2010 and December 31, 2011. That's up from 50 percent accelerated depreciation in 2010, and applies to property that is depreciated over 20 years or less.
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The $858 billion tax plan approved by Congress in December included a surprise two percent reduction in payroll taxes for 2011, in what amounts to a $120 billion bet that Americans will spend the money and help juice the economy.
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Federal regulators are investigating whether California violated securities laws and failed to provide adequate disclosure about its giant public pension fund, according to a person with knowledge of the investigation. The New York Times reports.
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Stocks ended mixed as the Dow's rally skidded to a halt as retailers reported weaker-than-expected December sales. Verizon and Travelers slid, while Microsoft gained.
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Stocks traded mixed Thursday as technology stocks rose and retailers skidded following weaker-than-expected December sales. Verizon skidded, while Microsoft gained.
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Moody's raised its 2010 outlook, citing strong fourth-quarter bond market issuance benefiting Moody's Investors Service, and accelerated completion of software projects for Moody's Analytics customers.
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The Swiss central bank confirmed it has excluded Irish government debt from a list of assets considered eligible as collateral for its repo deals – operations under which it lends money against collateral.
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When the Stanford business professor Darrell Duffie co-wrote a book on how to overhaul Wall Street regulations, he did not mention that he sits on the board of Moody’s, the credit rating agency, the New York Times reports.
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The Federal Reserve’s $600 billion stimulus program has done little to lower interest rates and or improve unemployment, though it has boosted stock and commodity prices, a CNBC survey says.
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As pressures mount in the euro zone, rating agencies are in an impossible bind, the FT reports. This year many investors have complained that the agencies have been slow to recognize the scale of problems, downgrading periphery debt too late – but when the agencies have actually acted – most notably with Spain this week – they have been accused by politicians of fermenting a new market crisis.
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With markets lower on Monday following a rally last week, which stocks are still undervalued? David Einhorn, president of hedge fund Greenlight Capital, shares some of his picks.
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Wall Street analyst Meredith Whitney plans to set up a credit-rating agency to go head to head with Moody’s Investors Service and Standard & Poor’s. The Financial Times reports.
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Warren Buffett's Berkshire Hathaway was busy in the third quarter. The company's quarterly stock portfolio filing with the SEC shows that during the three months ending September 30, Berkshire added a new stake in Bank of New York Mellon, while eliminating holdings in five companies.
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Governor Brian Schweitzer is a farmer, rancher and soil scientist first. Businessman and politician second. Schweitzer runs his government like a ranch: with careful planning and ample saving.
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The municipal bonds that help finance a major portion of the nation’s water supply may be riskier than investors realize because their credit ratings do not adequately reflect the growing risks of water shortages and legal battles over water supplies, according to a new study.
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Following are moves you might have missed. Find out why shares of Green Mountain Coffee and Metro PCS popped while Moody’s dropped.
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Agencies that assessed risk in mortgage pools dismissed evidence that many loans were dubious, according to testimony given to a panel.
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Japan intervenes to weaken yen. We were assured by currency traders yesterday (Tuesday) that newly re-elected Japanese Prime Minister Noda was NOT in favor of intervention. So what happened?