Yesterday’s market swerve: fat fingers, glitch, or cyber-warfare?

Posted by & filed under Governments & Regulators.

Description: Theories about yesterday’s stock market swoon, where within a matter of 20 minutes, the stock market plunged by 1,000 points and then nearly completely recovered, are abounding. Fortune asked Rishi Narang, founder of the hedge fund Telesis Capital and author of Inside the Black Box, to share the theories he’s heard and handicap them… Read more »

U.S. Banks in Four States Closed, Failure Count Climbs to 68

Posted by & filed under Economic Analysis.

Description:  U.S. regulators closed four banks holding less than $740 million in total assets as this year’s failures climbed to 68. Lenders in Arizona, California, Minnesota and Florida were closed by regulators and the Federal Deposit Insurance Corp. was named receiver, according to statements on the agency’s website. The failures cost the FDIC’s deposit insurance… Read more »

Berkshire Says Burlington Northern, NetJets Helped Boost Profit

Posted by & filed under Company Analysis.

Description: Warren Buffett’s Berkshire Hathaway Inc., which reported a $3.6 billion first-quarter profit last week, said gains at private flight company NetJets Inc. and railroad Burlington Northern Santa Fe bolstered results. Source:   Date: 05/08/2010 Link: Questions for discussion: Do you believe that the financial results for Berkshire are indicative of general economic… Read more »

Buffett’s stance on derivatives

Posted by & filed under Company Analysis, Governments & Regulators, Management Issues.

Description:  Fortune’s Andy Serwer talks about how the Senate’s proposed financial reforms will affect Berkshire Hathaway’s derivatives holdings. Source: – video report   Date: 04/29/2010 Link:  Questions for discussion: How much influence do you think Buffett can have in the current debate about derivatives? Would Buffett joining the management of Goldman be a… Read more »

Boost in U.S. Consumer Spending Broadens, Sustains Expansion

Posted by & filed under Economic Analysis.

Description:  Consumer spending grew at the fastest pace in three years during the first quarter, a sign that the largest part of the economy is gaining speed while becoming less dependent on government stimulus. Source:   Date: 05/01/2010 Link:  Questions for discussion: Given the recent economic improvements, what changes should financial managers consider… Read more »

Goldman Sachs Loses Room to Maneuver After Public Testimony

Posted by & filed under Governments & Regulators, Industry Analysis.

Description: Goldman Sachs Group Inc. may have backed itself into a corner by speaking out quickly to counter fraud claims by the U.S. Securities and Exchange Commission. Source:   Date: 05/01/2010 Link: Questions for discussion: In terms of public opinion, McCormick said, Goldman Sachs has “already been condemned, the question is the price.”… Read more »

Did Goldman Do Anything Wrong?

Posted by & filed under Governments & Regulators, Industry Analysis.

Description:  When it comes to laying the blame on Goldman Sachs, Wealth Adviser columnist James Altucher says, “not so fast.” Nevertheless, he tells investors to stay away from buying the stock until the flames cool down. Source: – video report   Date: 04/23/2010 Link: Questions for discussion: So, in your opinion, did Goldman… Read more »

How credit watchdogs fueled the financial crisis

Posted by & filed under Governments & Regulators, Industry Analysis.

Description: A slew of internal e-mails from the leading credit rating agencies show employees at those firms knew of the dangers in subprime mortgages, but gave them the seal of approval anyway. Source: Date: 04/24/2010 Link:   Questions for discussion: Do you agree with the analysis presented? What actions should be taken by… Read more »

Apple earnings soar on strong iPhone, Mac sales

Posted by & filed under Company Analysis, Growth & Valuation.

Description:  Apple Inc said Tuesday that profit rose 90% in its fiscal second quarter as it sold almost 9 million iPhones, easily topping analyst estimates in both profit and sales amid a surge in demand in international markets. Source:   Date: 04/20/2010 Link: Questions for discussion: As an investor with a one year… Read more »

Competition, lack of data drove flawed credit ratings

Posted by & filed under Governments & Regulators, Industry Analysis.

Description:  During the buildup to the financial crisis, major rating agencies Moody’s Corp. and Standard & Poor’s Inc. were understaffed, didn’t have enough data about the mortgage securities they were rating and were pressured by each other and investment bankers to issue overly rosy ratings, a lawmaker said Friday. Source:   Date: 04/23/2010 Link:… Read more »