BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Ancestry.com explores an IPO]]>http://www.bloggingstocks.com/2009/11/05/ancestry-com-explores-an-ipo/http://www.bloggingstocks.com/2009/11/05/ancestry-com-explores-an-ipo/http://www.bloggingstocks.com/2009/11/05/ancestry-com-explores-an-ipo/#commentsFiled under: , , ,

When it comes to the Internet, few consumers are willing to pay for services -- especially during the current economic hard times. Yet, there are still some websites that are able to get people to fork over their hard-earned money. One example is Ancestry.com (NASDAQ: ACOM), which provides extensive data and tools to research family histories.

In fact, this week the company hit another milestone: an IPO. Ancestry.com issued 7.4 million shares at $13.50 each. The expected price range was $12.50 to $14.50.

Continue reading Ancestry.com explores an IPO

Ancestry.com explores an IPO originally appeared on BloggingStocks on Thu, 05 Nov 2009 10:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>acomancestryinitial public offeringInitialPublicOfferinginthenewsipoThu, 05 Nov 2009 10:50:00 EST<![CDATA[Bank of America delays CEO announcement]]>http://www.bloggingstocks.com/2009/11/02/bank-of-america-delays-ceo-announcement/http://www.bloggingstocks.com/2009/11/02/bank-of-america-delays-ceo-announcement/http://www.bloggingstocks.com/2009/11/02/bank-of-america-delays-ceo-announcement/#commentsFiled under:

After taking way too long to send CEO Ken Lewis packing, Bank of America (NYSE: BAC) is now taking way too long to find a successor.

Charlie Gasparino reports that "The board of directors of Bank of America is likely to delay a much-anticipated announcement of a replacement for CEO Ken Lewis until next week, an effort people close to the bank say, to conduct a wide-ranging search for the bank's next leader and appease some investors and analysts who want an experienced outsider to replace Lewis."

The problem is that Bank of America is having trouble finding qualified outside candidates -- because few sane people have a desire to walk into the mess that the current regime at the company has created.

Continue reading Bank of America delays CEO announcement

Bank of America delays CEO announcement originally appeared on BloggingStocks on Mon, 02 Nov 2009 15:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BACBank of AmericaBankOfAmericaMon, 02 Nov 2009 15:40:00 EST<![CDATA[UBS snags Merrill vet to save its wealth management business]]>http://www.bloggingstocks.com/2009/10/27/ubs-snags-merrill-vet-to-save-its-wealth-management-business/http://www.bloggingstocks.com/2009/10/27/ubs-snags-merrill-vet-to-save-its-wealth-management-business/http://www.bloggingstocks.com/2009/10/27/ubs-snags-merrill-vet-to-save-its-wealth-management-business/#commentsFiled under: ,

In wealth management circles, Robert McCann is a pro. After all, he ran Merrill Lynch's financial advisory business -- known as the "thundering herd" -- which is now part of Bank of America (NYSE: BAC).

However, he left in January and wanted another opportunity. But there was a problem: he had a noncompete. So, with the help of skillful attorneys, he was able to reach some type of settlement.

Continue reading UBS snags Merrill vet to save its wealth management business

UBS snags Merrill vet to save its wealth management business originally appeared on BloggingStocks on Tue, 27 Oct 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACBank of AmericainthenewsMorgan StanleyMSRobert McCannUBSwealth managementTue, 27 Oct 2009 12:00:00 EST<![CDATA[Housing market to dip again next year; Goldman says by 10%]]>http://www.bloggingstocks.com/2009/10/27/housing-market-to-dip-again-next-year-goldman-says-10/http://www.bloggingstocks.com/2009/10/27/housing-market-to-dip-again-next-year-goldman-says-10/http://www.bloggingstocks.com/2009/10/27/housing-market-to-dip-again-next-year-goldman-says-10/#commentsFiled under: , , ,

If you've become comfortable with the current state of the housing market ... don't. Economists at Goldman Sachs (NYSE: GS) and Bank of America's Merrill Lynch (NYSE: BAC) say there's still plenty of risk in the housing market.

Alec Phillips, the head of Goldman's Washington office, said, "The risk of renewed home price declines remains significant." His "working assumption" is a drop of between 5% and 10% by the middle of next year.

Continue reading Housing market to dip again next year; Goldman says by 10%

Housing market to dip again next year; Goldman says by 10% originally appeared on BloggingStocks on Tue, 27 Oct 2009 10:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bacbank of americaBankOfAmericafeaturedforeclosuresgoldman sachsGoldmanSachsgshome pricesHomePriceshousing marketHousingMarketmerrill lynchMerrillLynchmortgage backed securitiesMortgageBackedSecuritiesmortgagesTue, 27 Oct 2009 10:20:00 EST<![CDATA[Bank profits come directly out of your pocket]]>http://www.bloggingstocks.com/2009/10/26/bank-profits-come-directly-out-of-your-pocket/http://www.bloggingstocks.com/2009/10/26/bank-profits-come-directly-out-of-your-pocket/http://www.bloggingstocks.com/2009/10/26/bank-profits-come-directly-out-of-your-pocket/#commentsFiled under: , ,

The rally in the stock market and the return to profitability for some of the top banks has been hailed as a sign of a turnaround -- and proof that the interventionist financial policies of the past year worked.

But not so fast. In reality, a huge chunk of the profits banks are earnings can be directly attributed to their ability to borrow money at artificially low interest rates.

According to a report from the Center for Economic and Policy Research found that below market interest rates offered by The Federal Reserve accounted for 41% of JPMorgan's profits. At Bank of America, the number was 47%.

Continue reading Bank profits come directly out of your pocket

Bank profits come directly out of your pocket originally appeared on BloggingStocks on Mon, 26 Oct 2009 15:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BACbonusesCEPRfeaturedJPMMon, 26 Oct 2009 15:40:00 EST<![CDATA[BofA unloads First Republic for $1 billion]]>http://www.bloggingstocks.com/2009/10/21/bofa-unloads-first-republic-for-1-billion/http://www.bloggingstocks.com/2009/10/21/bofa-unloads-first-republic-for-1-billion/http://www.bloggingstocks.com/2009/10/21/bofa-unloads-first-republic-for-1-billion/#commentsFiled under:

There was no secret that Bank of America Corp. (NYSE: BAC) wanted to sell First Republic.

And so today the deal was announced: BofA got more than $1 billion from a consortium of private equity operators. They include General Atlantic LLC and Colony Capital.

Continue reading BofA unloads First Republic for $1 billion

BofA unloads First Republic for $1 billion originally appeared on BloggingStocks on Wed, 21 Oct 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>first republicFirstRepublicjames herbert IIJamesHerbertIimerrill lynchMerrillLynchWed, 21 Oct 2009 17:00:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: AMZN, BA, BAC, F, LUV, LYG T, WEN ...]]>http://www.bloggingstocks.com/2009/10/20/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/10/20/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/10/20/analyst-upgrades-downgrades-and-initiations/#commentsFiled under: , , , , , ,

Analyst upgrades:

  • RBC Capital upgraded Bank of America (NYSE: BAC) to Outperform from Sector Perform and said the company has attractive franchise value and earnings power, and is nearing the start of a credit driven earnings recovery. The firm raised its target to $22 from $19.
  • Oppenheimer assumed coverage of Amazon.com (NASDAQ: AMZN) and upgraded shares to Outperform from Perform. The firm expects Amazon's revenue growth to re-accelerate over the next several quarters, making consensus estimates too conservative. Opco set a $130 price target on the stock.
  • Barclays upgraded Ford (NYSE: F) to Equal Weight from Underweight and believes the company will report Q3 results above the Street. The firm raised its Q3 EPS estimate to 7 cents from 16 cents, vs. consensus of 21 cents, and its price target to $8 from $7.
  • Charles River Labs (NYSE: CRL) was upgraded to Neutral from Sell at Goldman.
  • Briggs & Stratton (NYSE: BGG) was upgraded to Outperform from Neutral at Baird.
  • Sealed Air (NYSE: SEE) was upgraded to Equal Weight from Underweight at Barclays.

Continue reading Analyst upgrades, downgrades and initiations: AMZN, BA, BAC, F, LUV, LYG T, WEN ...

Analyst upgrades, downgrades and initiations: AMZN, BA, BAC, F, LUV, LYG T, WEN ... originally appeared on BloggingStocks on Tue, 20 Oct 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAUKAmazon.comAMZNanalyst upgradesAT and TBABACBank of AmericaBGGBoeingBSXCRLDFdowngradesFordGMEinitiationsinthenewsJBLULEAPLUVLYGOSGPCLNPCSSEEWENTue, 20 Oct 2009 11:40:00 EST<![CDATA[Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ...]]>http://www.bloggingstocks.com/2009/10/17/earnings-highlights-c-ge-goog-hog-intc-ibm-jnj-jpm-mat/http://www.bloggingstocks.com/2009/10/17/earnings-highlights-c-ge-goog-hog-intc-ibm-jnj-jpm-mat/http://www.bloggingstocks.com/2009/10/17/earnings-highlights-c-ge-goog-hog-intc-ibm-jnj-jpm-mat/#commentsFiled under: , , , , , , , , , , , , , , , ,

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ...

Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ... originally appeared on BloggingStocks on Sat, 17 Oct 2009 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AbbottABTAMDATIBACBank of AmericaCitigroupCSXDominos PizzaDPZearningsFASTFastenalGEGeneral ElectricGoldman SachsGOOGGoogleGSHarley-DavidsonHOGIBMINTCIntelJNJJohnson and JohnsonJPMJPMorganLabsMATMattelNOKNokiaNTRINutrisystemWGOWinnebagoXilinxXLNXSat, 17 Oct 2009 14:40:00 EST<![CDATA[Bank of America loses a lot of money in Q3 ]]>http://www.bloggingstocks.com/2009/10/17/bank-of-america-loses-a-lot-of-money-in-q3/http://www.bloggingstocks.com/2009/10/17/bank-of-america-loses-a-lot-of-money-in-q3/http://www.bloggingstocks.com/2009/10/17/bank-of-america-loses-a-lot-of-money-in-q3/#commentsFiled under: , , , , ,

I don't think anyone could have had a positive reaction to Bank of America's (NYSE: BAC) third-quarter report, which was released on Friday. According to Bloomberg, management lost $1 billion in the past three months. Big ouch on that one. The financial institution bled 26 cents per diluted share. No earnings beat here, either. Wall Street sent shares down 4.6% by the end of yesterday's trading session.

The year-ago period was a happier time. Back then, Bank of America was rolling in the dough, posting a profit of 15 cents per share. What a difference 12 months makes. Looking at the nine-month record perhaps gives a small amount of comfort to shareholders. The company made 39 cents per diluted share. Of course, that doesn't sit too well next to the $1.09 per diluted share booked in the comparable period. But at least it's not a loss, know what I mean?

Continue reading Bank of America loses a lot of money in Q3

Bank of America loses a lot of money in Q3 originally appeared on BloggingStocks on Sat, 17 Oct 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACbank of americabanksCcitigroupfinancial stocksgoldman sachsGSinthenewsJPMjpmorgan chaseSat, 17 Oct 2009 11:40:00 EST<![CDATA[Closing Bell: Not all earnings created equal (GOOG, BAC, GE, AMD, PMTI, JNJ)]]>http://www.bloggingstocks.com/2009/10/16/closing-bell-not-all-earnings-created-equal-goog-bac-ge-amd/http://www.bloggingstocks.com/2009/10/16/closing-bell-not-all-earnings-created-equal-goog-bac-ge-amd/http://www.bloggingstocks.com/2009/10/16/closing-bell-not-all-earnings-created-equal-goog-bac-ge-amd/#commentsFiled under: , , , ,

Today's earnings were deemed a disappointment despite some bottom-line comfort here. A weaker University of Michigan Consumer Survey report kept the DJIA muted, and whether we'd close above or under the 10,000 mark was something that wasn't known until the final hour of trading.

Here were today's unofficial closing bell levels:

Dow 9,996.21 -66.73 (-0.66%)
S&P 500 1,087.71 -8.85 (-0.81%)
Nasdaq 2,156.80 -16.49 (-0.76%)

Top 10 Analyst Calls
Top Day Trader Alerts
Today's Top Rumors

Continue reading Closing Bell: Not all earnings created equal (GOOG, BAC, GE, AMD, PMTI, JNJ)

Closing Bell: Not all earnings created equal (GOOG, BAC, GE, AMD, PMTI, JNJ) originally appeared on BloggingStocks on Fri, 16 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>feautredlaser treatmentsLaserTreatmentspalomar medicalPalomarMedicalPMTIUniversity of michiganUniversityOfMichiganFri, 16 Oct 2009 16:00:00 EST<![CDATA[Before the bell: Stock futures lower after GE beats, BofA reports loss]]>http://www.bloggingstocks.com/2009/10/16/before-the-bell-stock-futures-steady-after-ge-beats-bofa-repor/http://www.bloggingstocks.com/2009/10/16/before-the-bell-stock-futures-steady-after-ge-beats-bofa-repor/http://www.bloggingstocks.com/2009/10/16/before-the-bell-stock-futures-steady-after-ge-beats-bofa-repor/#commentsFiled under: , , , , , , , ,

U.S. stock futures were mixed and barely moved Friday morning after Google (NASDAQ: GOOG) and International Business Machines (NYSE: IBM) beat analyst estimates late Thursday and as results came in this morning from General Electric (NYSE: GE) and Bank of America (NYSE: BAC), with the first also surpassing Wall Street expectations. [Update 8:45 a.m.: Futures turned negative after the large Dow companies didn't perform quite as well.]

The Dow Jones Industrial Average managed to close above the 10,000 mark Thursday, for the second day in a row, despite earlier weakness following some financial sector results. But a jump in oil prices helped oil stocks move higher and the Dow maintain that important psychological mark.

Continue reading Before the bell: Stock futures lower after GE beats, BofA reports loss

Before the bell: Stock futures lower after GE beats, BofA reports loss originally appeared on BloggingStocks on Fri, 16 Oct 2009 07:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredFri, 16 Oct 2009 07:35:00 EST<![CDATA[Cramer on BloggingStocks: Investors not given proper credit ]]>http://www.bloggingstocks.com/2009/10/15/cramer-on-bloggingstocks-investors-not-given-proper-credit/http://www.bloggingstocks.com/2009/10/15/cramer-on-bloggingstocks-investors-not-given-proper-credit/http://www.bloggingstocks.com/2009/10/15/cramer-on-bloggingstocks-investors-not-given-proper-credit/#commentsFiled under: , , , , , , , , , , ,

The Street.com's Jim Cramer says that reasonable people who believe the market is a reasonable place to make money are getting back in.

People are getting back to even. In the last 72 hours I have spoken to about 500 investors -- or at least 500 book buyers! -- many of whom have told me they recently either got back to even, having dodged the big decline or gotten in near the bottom, or are actually up nicely because they saw the opportunity in March and rode it back up.

I always figure when you meet people it is strictly anecdotal. But when you meet 500 of them it crosses over into empirical. Here's what I saw of this particular cross-section.

Continue reading Cramer on BloggingStocks: Investors not given proper credit

Cramer on BloggingStocks: Investors not given proper credit originally appeared on BloggingStocks on Thu, 15 Oct 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredjim cramerJimCramerThu, 15 Oct 2009 09:30:00 EST<![CDATA[JPMorgan Chase crushes third-quarter earnings forecast]]>http://www.bloggingstocks.com/2009/10/14/jpmorgan-chase-crushes-third-quarter-earnings-forecast/http://www.bloggingstocks.com/2009/10/14/jpmorgan-chase-crushes-third-quarter-earnings-forecast/http://www.bloggingstocks.com/2009/10/14/jpmorgan-chase-crushes-third-quarter-earnings-forecast/#commentsFiled under: , , ,

Tuesday morning greeted us with earnings from banking behemoth JPMorgan Chase (NYSE: JPM). The company said it earned $3.59 billion and that it nearly doubled the amount of money it saved for loan losses in the third quarter.

Breaking the results down into per-share earnings, JPM trounced the consensus estimate. The bank earned 82 cents per share, nearly double the expected 49 cents per share. Quarterly revenue increased to $26.62 billion from last year's same-quarter revenue of $14.74 billion.

Continue reading JPMorgan Chase crushes third-quarter earnings forecast

JPMorgan Chase crushes third-quarter earnings forecast originally appeared on BloggingStocks on Wed, 14 Oct 2009 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bacBank of AmericaBankOfAmericacCitigroupfinancial sectorfinancial stocksFinancialSectorFinancialStocksinthenewsjpmJPMorgan ChaseJpmorganChaseWed, 14 Oct 2009 08:30:00 EST<![CDATA[Week in preview: Goldman Sachs, JPMorgan, Google, IBM and more earnings]]>http://www.bloggingstocks.com/2009/10/11/week-in-preview-goldman-sachs-jpmorgan-google-ibm-and-more/http://www.bloggingstocks.com/2009/10/11/week-in-preview-goldman-sachs-jpmorgan-google-ibm-and-more/http://www.bloggingstocks.com/2009/10/11/week-in-preview-goldman-sachs-jpmorgan-google-ibm-and-more/#commentsFiled under: , , , , , , ,

Goldman Sachs upgraded the banking sector last week, and this coming week we'll get a chance to see whether Goldman and other big banks reporting third quarter results will live up to the expectations of analysts surveyed by Thomson Reuters.

New York-based Goldman Sachs Group Inc. (NYSE: GS) looks set to be this week's earnings game winner. Analysts expect this dividend-paying company to report a third-quarter profit of $4.24 per share, which is 57.3% higher than in the same period of last year. Revenue for the period that ended in September is expected to be $11.0 billion. So far, the full-year forecast is for $17.74 per share on $44.6 billion.

Continue reading Week in preview: Goldman Sachs, JPMorgan, Google, IBM and more earnings

Week in preview: Goldman Sachs, JPMorgan, Google, IBM and more earnings originally appeared on BloggingStocks on Sun, 11 Oct 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Abbott LabsABTAMDBACBank of AmericaCitigroupearningsfeaturedFHNFirst HorizonGoldman SachsGOOGGoogleGSIBMINTCIntelJPMJPMorganMerckMicrosoftMorgan StanleyMRKMSMSFTYahooYHOOSun, 11 Oct 2009 12:30:00 EST<![CDATA[Technical trade #4: Bank of America (BAC)]]>http://www.bloggingstocks.com/2009/10/11/technical-trade-4-bank-of-america-bac/http://www.bloggingstocks.com/2009/10/11/technical-trade-4-bank-of-america-bac/http://www.bloggingstocks.com/2009/10/11/technical-trade-4-bank-of-america-bac/#commentsFiled under: , ,

bank of america technical analysisBank of America (NYSE: BAC) traded above $50 a share in December 2006, but the international financial crisis drove the sector to extreme lows, and BAC fell to below $3 in March.

With the crisis abated and recent management changes to take effect at the end of this year, BAC has picked up positive research opinions from many analysts.

Technically the stock has made a solid advance along its bullish support line and the 50-day moving average.

Continue reading Technical trade #4: Bank of America (BAC)

Technical trade #4: Bank of America (BAC) originally appeared on BloggingStocks on Sun, 11 Oct 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bacbank of americasam collinsstocks to buytechnical analysistechnical tradesSun, 11 Oct 2009 10:00:00 EST<![CDATA[Six technical trades targeted for big profits]]>http://www.bloggingstocks.com/2009/10/10/six-technical-trades-targeted-for-big-profits/http://www.bloggingstocks.com/2009/10/10/six-technical-trades-targeted-for-big-profits/http://www.bloggingstocks.com/2009/10/10/six-technical-trades-targeted-for-big-profits/#commentsFiled under: , , ,

technical tradesWhen selecting which stocks to buy, ratings from agencies like Standard & Poor's can be useful in creating a balanced portfolio.

But did you know technical analysis is the most accurate way to predict where a stock -- or the market for that matter -- is going?

Technical analysis is more of an art than a science, but when used correctly it can boost your profits to new heights. I took a look at stocks that S&P has a four- or five-star rating on and analyzed their charts to come up with six great technical trades for you.

Continue reading Six technical trades targeted for big profits

Six technical trades targeted for big profits originally appeared on BloggingStocks on Sat, 10 Oct 2009 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>apaapacheattavnetavtbacbank of americadltrdollar treefeaturedsam collinsspdr homebuilders etfstocks to buytechnical analysistechnical tradesxhbSat, 10 Oct 2009 09:00:00 EST<![CDATA[Bank of America shareholders oppose an insider as CEO]]>http://www.bloggingstocks.com/2009/10/08/bank-of-america-shareholders-oppose-an-insider-as-ceo/http://www.bloggingstocks.com/2009/10/08/bank-of-america-shareholders-oppose-an-insider-as-ceo/http://www.bloggingstocks.com/2009/10/08/bank-of-america-shareholders-oppose-an-insider-as-ceo/#commentsFiled under: , ,

The Finger Family, based in Houston, owns more than 1 million shares of Bank of America (NYSE: BAC) and has risen to express its opinion about who should be the company's new CEO: someone from outside the company.

In a letter to the company's shareholders filed with the SEC, the Finger family raised a number of fantastic points about why promoting from within is a horrible, horrible idea. In a way, it's so obviously not the way to go that it's a tribute to the board's incompetence that this discussion even has to be had. But here are a few of the Finger family's points:

Continue reading Bank of America shareholders oppose an insider as CEO

Bank of America shareholders oppose an insider as CEO originally appeared on BloggingStocks on Thu, 08 Oct 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACBank of AmericaFinger FamilyThu, 08 Oct 2009 11:00:00 EST<![CDATA[Investors double-down on Verisk IPO]]>http://www.bloggingstocks.com/2009/10/07/investors-double-down-on-verisk-ipo/http://www.bloggingstocks.com/2009/10/07/investors-double-down-on-verisk-ipo/http://www.bloggingstocks.com/2009/10/07/investors-double-down-on-verisk-ipo/#commentsFiled under: , ,

Verisk Analytics isn't a catchy name but it has caught the interest of investors. The data analytics company was able to issue 85.25 million shares at $22 each for its IPO, raising a cool $1.9 billion. So far in today's trading, the shares of the company are up 30% to $28.59.

Basically, Verisk helps businesses deal with risk, with the main focus on property & casualty exposures. For example, the company's models can help predict the loss of a building due to a fire.

Continue reading Investors double-down on Verisk IPO

Investors double-down on Verisk IPO originally appeared on BloggingStocks on Wed, 07 Oct 2009 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>IPOVerisk AnalyticsVeriskAnalyticsWed, 07 Oct 2009 13:40:00 EST<![CDATA[What a deal! Office rents drop as demand slows ]]>http://www.bloggingstocks.com/2009/10/07/what-a-deal-office-rents-drop-as-demand-slows/http://www.bloggingstocks.com/2009/10/07/what-a-deal-office-rents-drop-as-demand-slows/http://www.bloggingstocks.com/2009/10/07/what-a-deal-office-rents-drop-as-demand-slows/#commentsFiled under: , , , ,

Starting your own business? Need some extra space for your needlepoint habit? You're in luck ... office space comes cheap these days. In fact, rent for office space is sliding lower at the fastest rate since 1995. In the third quarter, office rents dropped 8.5% on a year-over-year basis.

Falling prices typically go hand in hand with falling demand and in fact, vacancies are on the rise as layoffs increase. New York-based real-estate research firm Reis says the office vacancy rate has hit a five-year high of 16.5%. Last quarter, tenants returned 19.6 million square feet of commercial rental space to their landlords.

Continue reading What a deal! Office rents drop as demand slows

What a deal! Office rents drop as demand slows originally appeared on BloggingStocks on Wed, 07 Oct 2009 12:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bacbank of americaBankOfAmericabanksccommerical real estateCommericalRealEstateregional banksRegionalBanksrentalswfcWed, 07 Oct 2009 12:40:00 EST<![CDATA[Cramer on BloggingStocks: The future for BofA is with Moynihan ]]>http://www.bloggingstocks.com/2009/10/07/cramer-on-bloggingstocks-the-future-for-bofa-is-with-moynihan/http://www.bloggingstocks.com/2009/10/07/cramer-on-bloggingstocks-the-future-for-bofa-is-with-moynihan/http://www.bloggingstocks.com/2009/10/07/cramer-on-bloggingstocks-the-future-for-bofa-is-with-moynihan/#commentsFiled under: , , , , , ,

TheStreet.com's Jim Cramer says the faction supporting Greg Curl as new CEO doesn't realize he would be a step backward for the bank.

From day one my money's been on Brian Moynihan to run Bank of America (NYSE: BAC) (Cramer's Take). But the drumbeat grows louder from Charlotte, N.C., that Greg Curl's the man.

Why?

I think the reasoning is simple. Bank of America is like the Balkans. It's got all of these little countries within it and they all want hegemony. Nation's Bank. Bank of America. Fleet Bank. Ken Lewis always reminded me of Josip Broz Tito, holding together Yugoslavia as long as he was alive, although knowing Tito the way I did, he would never have overpaid for so many painful acquisitions.

Continue reading Cramer on BloggingStocks: The future for BofA is with Moynihan

Cramer on BloggingStocks: The future for BofA is with Moynihan originally appeared on BloggingStocks on Wed, 07 Oct 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredjim cramerJimCramerWed, 07 Oct 2009 10:00:00 EST