As lawmakers on Capitol Hill stand in front of brightly colored placards, touting their 'Save the Subprimer’ proposals (witness Sen. Charles Schumer today), and banks get together with community groups in aggressive campaigns to seek out those in danger of default and save them from ultimate foreclosure (witness EMC's "Mortgage Mod Squad"), I fear something is getting lost. We're not in the thick of the crisis; we're right at the start.
An investor in ABN Amro has filed a class action suit against the bank in an effort to scrap an $88 billion takeover by Barclays and the sale of U.S. unit LaSalle, saying directors failed in their duties.
Dennis Block, co-chair of the corporate M&A practice at Cadwalader, Wickersham & Taft, told CNBC’s “Closing Bell” that activist shareholders are unlikely to break up Citigroup. “It’s a wakeup call,” Block said Friday. “(Citigroup) has a very competent CEO who understands the need to get out there and explain why the business makes sense and how he’s going to grow it and how share price is going to be reflected by his activities.”
ABN Amro Holding has been called to a hearing at the Enterprise Chamber of the Amsterdam Court of Appeal tomorrow in a case brought by the Dutch shareholders' association VEB, which is demanding an investigation into the policy making process at the bank, which is the Netherlands' largest.
World Bank President Paul Wolfowitz will be fighting to keep his job when he addresses questions about his handling of a promotion and pay package for his girlfriend.
The National Chamber of Commerce has named California as the worst state in the nation in terms of legal troubles for business. Apparently, the gold in the Golden State is going to lawyers. The Chamber claims many lawyers are flocking to California as other states tighten up requirements to go after companies in court. The state motto, "Eureka! I've found it!", is one attorneys are taking to heart!
The Securities and Exchange Commission filed charges against two former Apple officers in its stock options backdating case, but questions remain about whether CEO Steve Jobs will emerge unscathed amid new accusations.
Siemens Chief Executive Klaus Kleinfeld will leave the scandal-hit group when his contract expires at the end of September, the company said on Wednesday, deepening its leadership crisis.
Apple's former finance chief said on Tuesday he relied on Chief Executive Steve Jobs in the handling of backdated stock options, putting the spotlight on the company's co-founder inthe scandal.
Microsoft has responded to European Union allegations that it is overcharging rivals for information that would make their products work better with Windows. The software maker also repeated its request for more guidance on what regulators consider to be an acceptable price.
Demand for a free vaccine against cervical cancer is outstripping supply in New Hampshire, which was the first state in the country to approve free distribution of the vaccine, which protects girls against four strains of a sexually transmitted infection called human papillomavirus, or HPV.
The World Bank's board on Friday ordered an ad hoc group to discuss the fate of President Paul Wolfowitz, whose leadership has been thrown into turmoil by revelations that he helped his girlfriend get a high-paying job.
Rep. Barney Frank, D-Mass. and chairman of the House Financial Services Committee, told CNBC’s “Squawk Box” that a bill requiring companies to hold advisory votes on executive pay is a “moderate” piece of legislation and would cause no harm.
Back on April 2, the Supreme Court handed down a decision that is the basis for Cramer’s weeklong “Green Day” series, in which the Court effectively made it profitable to start investing in companies that help cut back on pollution and clean up the environment. Today he's talking water.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The big week in Internet earnings reaches a crescendo this afternoon when Google reports earnings. These numbers come at a fascinating time in the company's history.Google has become a kind of financial underdog, compared to other big names in the sector, including Yahoo, which is still licking its wounds, and eBay, which is enjoying its second beat-and-raise quarter in a row. A strange position to be in for a company trading at nearly $500 a share.
If you went to bed and woke up this morning thinking the world was quiet and that today was going to be a light day at the office, you may want to call in, instead of relying on your BlackBerry. Research in Motion confirms a massive, system wide blackout affecting all its 8 million subscribers that began around 8 p.m. ET Tuesday, and while service is being restored, it is still sporadic and may take much of the day to get back on line completely.
Cramer is finally getting behind "green" companies - all because of a little Supreme Court decision handed down two weeks ago. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Google's acquisition of DoubleClick wasn't much of a surprise since blogs and news coverage over the past few weeks have indicated that the company was in play and had several suitors, including Microsoft, Google, Yahoo and various others.But the big surprise happened over the weekend when we found out that Microsoft was building a coalition of companies to come out against the deal, and that the anti-trust poster-company was now playing the part of victim. Needless to say, this pot-calling-the-kettle-black legal strategy is raising some eyebrows.
Britain's Tate & Lyle said on Tuesday it had filed a case in the United States against three Chinese firms alleging infringement of its patents covering the manufacture of zero-calorie sweetener sucralose.
Virgin Media will argue rival BSkyB has abused a dominant position when their cable versus satellite row over Sky channels reaches court but competition lawyers believe it will be difficult to prove.