At $639 billion, Lehman Brothers’ bankruptcy was the biggest in U.S. history. Now a federal judge has released a report saying that rather than working to prevent the collapse, senior Lehman executives, auditor Ernst & Young and other investment banks may actually have hastened it. Continue reading Lehman Brothers Hastened Its Own Bankruptcy: Report Lehman Brothers Hastened Its Own Bankruptcy: Report originally appeared on DailyFinance on Thu, 11 Mar 2010 20:17:00. Filed Under: Company News , JP Morgan Chase , Citigroup Permalink | Tweet this! | Comments

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Lehman Brothers Hastened Its Own Bankruptcy: Report

Would you trust your bank more if you knew your own credit score? The Fair Isaac Corporation, creator of the FICO score, thinks you would, and it’s pushing banks to share that information with their customers. Continue reading FICO Wants Banks to Tell You Your Credit Score FICO Wants Banks to Tell You Your Credit Score originally appeared on DailyFinance on Fri, 05 Mar 2010 10:47:00. Filed Under: Economy , JP Morgan Chase , Credit Permalink | Tweet this! | Comments

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The following is a round-up of news likely to affect stock prices today: Ciena ( CIEN ) shares skidded over 8% in premarket trading after reporting bigger first quarter loss of 12 cents a share than the 6 cents analysts had estimated. Revenue for the quarter also missed view. While the company said it sees strong order flow in the quarter, guideline for the current quarter was conservative. Wal-Mart… Continue reading Stocks in the News: Walmart, Pier 1, Ciena Stocks in the News: Walmart, Pier 1, Ciena originally appeared on DailyFinance on Thu, 04 Mar 2010 08:00:00. Filed Under: Company News , Investing , JP Morgan Chase , Goldman Sachs , Coca-Cola Company , Boeing , Wal-Mart Stores , Citigroup , Walt Disney , PetSmart Permalink | Tweet this! | Comments

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The FDA has issued a warning about ear candling — its latest salvo against the growing industry of “complementary and alternative medicines”: homeopathy, supplements, and amino acids that are ineffective at best and dangerous at worst. Continue reading Alternative Medicine Remains Popular, Legal, and Ineffective (or Worse) Alternative Medicine Remains Popular, Legal, and Ineffective (or Worse) originally appeared on DailyFinance on Tue, 23 Feb 2010 17:03:00. Filed Under: Healthcare Permalink | Tweet this! | Comments

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Alternative Medicine Remains Popular, Legal, and Ineffective (or Worse)

While Main Street struggles, Wall Street uncorks the chompers. Its employees saw their bonuses increase by 17% in 2009, according to new estimates. But there’s a hitch: Bonuses for top executives will come in stock options and other forms of deferred compensation — not cash. Continue reading Wall Street Pays Out 17% More in Bonuses in 2009 Wall Street Pays Out 17% More in Bonuses in 2009 originally appeared on DailyFinance on Tue, 23 Feb 2010 17:45:00. Filed Under: Economy , Investing , JP Morgan Chase , Goldman Sachs , Morgan Stanley Permalink | Tweet this! | Comments

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Wall Street Pays Out 17% More in Bonuses in 2009

If you hate your bank, you aren’t alone. In the wake of bank failures and shotgun marriages resulting from the financial crisis, customers are far less satisfied with the service they’re receiving from the nation’s two biggest banks: Bank of America and JPMorgan Chase. Continue reading Two Biggest U.S. Banks Get Thumbs Down On Customer Service Two Biggest U.S. Banks Get Thumbs Down On Customer Service originally appeared on DailyFinance on Tue, 16 Feb 2010 10:04:00. Filed Under: Company News , JP Morgan Chase , Bank of America , Wells Fargo & Co. Permalink | Tweet this! | Comments

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Two Biggest U.S. Banks Get Thumbs Down On Customer Service

Last week, JPMorgan Chase & Co. ( JPM ) led off the coming parade of earnings from the big banks when it reported better-than-expected fourth-quarter and full-year earnings , though its revenue fell short of estimates. Plenty more earnings from the financial sector are due out this week. Analysts surveyed by Thomson Reuters anticipate fourth-quarter earnings growth from American Express Co. ( AXP ), Bank of New York Mellon Corp. ( BK ), Hudson City Bancorp Inc. ( HCBK ), SLM Corp. ( SLM ) and US Bancorp ( USB ). Read the full post . Continue reading The Week in Preview: Financial Earnings to Dominate The Week in Preview: Financial Earnings to Dominate originally appeared on DailyFinance on Sun, 17 Jan 2010 17:25:00. Filed Under: Earnings , American Express Permalink | Tweet this! | Comments

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The Week in Preview: Financial Earnings to Dominate

Americans are still losing their homes and falling behind on — or simply not paying — their credit card debt. That was the dismal reading investors got from this morning’s JPMorgan Chase ( JPM ) fourth-quarter and full-year results. Sure, JPMorgan’s results for 2009 were remarkable: It earned $11.7 billion on record revenue of $108.6 billion for the year. In the fourth quarter, its net income of $3.3 billion was up dramatically from the $702 million it earned in the same period of 2008. “We are gratified,” says CEO Jamie Dimon. Continue reading Dismay Over JPMorgan, Despite A Record Year Dismay Over JPMorgan, Despite A Record Year originally appeared on DailyFinance on Fri, 15 Jan 2010 12:30:00. Filed Under: Investing , Earnings , JP Morgan Chase Permalink | Tweet this! | Comments

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The following is a round-up of news likely to affect stock prices today: Intel ( INTC ) is scheduled to post results Thursday after the closing bell. As one of several technology bellwether stocks, investors eagerly await the company’s numbers and an indication of the health of the sector. Intel is expected to report quarterly earnings of 30 cents a share on revenue of $10.2 billion, according to Thomson Reuters. These expected results would be an improvement over last year’s results when Intel posted earnings of 4 cents a share on revenue of $8.2 billion. Shares climbed about 1% ahead of the bell. Continue reading Stocks in the News: Intel, Rio Tinto, Google Stocks in the News: Intel, Rio Tinto, Google originally appeared on DailyFinance on Thu, 14 Jan 2010 07:45:00. Filed Under: JP Morgan Chase , IBM , Google , Intel , Kraft Foods , Apple , Hershey , Walt Disney Permalink | Tweet this! | Comments

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Stocks in the News: Intel, Rio Tinto, Google

These days, as book publishers resort to cheering themselves up with homilies like “flat is the new up,” here’s yet another sign that pay-to-publish firms are booming : Lulu.com, a publishing company in Raleigh, N.C., that lets authors publish their own books and sell them directly to their audiences, is set to launch an initial public offering. The IPO is planned for Canada and is worth approximately $48.25 million. Helping take Lulu public are underwriters Genuity Capital Markets and CIBC World Markets, Dow Jones Newswire has reported . Continue reading U.S. Book Publisher Considers an IPO in Canada U.S. Book Publisher Considers an IPO in Canada originally appeared on DailyFinance on Mon, 11 Jan 2010 16:15:00. Filed Under: Company News , Investing , Media Permalink | Tweet this! | Comments

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U.S. Book Publisher Considers an IPO in Canada