Private antitrust litigation pitting some five million retailers against several large banks has slipped under the radar of many analysts and investors who follow those companies, but the case may deliver a multibillion-dollar shock to bank bulls in the coming months, TheStreet.com reports. Read More
For homebuilders, any further drop in inventories may mean it's time to get busy and start ramping up construction activity. Rising animal spirits in the housing sector, which have been long anticipated, may soon be at hand. And that PHLX Housing Sector Index may finally start to march upward. Read More
Some financial companies may see softness in their shares in the coming weeks, as Republican presidential candidates step up their anti-bank rhetoric. Read More
Where's Mario? ECB head Mario Draghi did not show up for a planned news conference in Frankfurt. Meantime, Draghi's successful 3-year lending facility has not just eased funding difficulties for European banks—it's ignited a 3-day rally in European and U.S. banks. Read More
In a rare break from Wall Street protocol, a Sterne Agee analyst has placed a sell rating on social network game maker Zynga before its stock even begins trading. Read More
Bank of America is threatening to edge out JPMorgan Chase as the top investment bank in terms of revenue in the fourth quarter, according to a research report published Tuesday. Read More
A question that is becoming more pertinent in these straightened economic times is whether it is possible to measure charitable initiatives the way businesses measure their profits. Read More