Wall Street Folly

• JP Morgan’s Dimon Regrets Using FDIC Guarantee Program
• Fed Opens the Books on Bear, AIG Toxic Assets
• Jobless Rate Will Stay ‘Unacceptably’ High: Geithner
• Ivy Asset Draws Probe Over Roles With Madoff
• Seven Charged in Inside-Trade Ring at Banks’ Printers
• General Growth Files $6.55 Billion Plan to Exit Bankruptcy
• Amazon Gives Way On E-Book Pricing Read the rest of this entry »

Tags: AIG, Amazon, Andrew Cuomo, Apple, Bear Stearns, Bernie Madoff, FDIC, Insider Trading, iPad, Jamie Dimon, JP Morgan, Kindle, NY Fed, Tim Geithner, Toxic assets, U.S.. Treasury, unemployment

• Morgan Stanley’s Roach Sees ‘False Alarm’ on China
• Greece to Press U.S. to Crack Down on ‘Speculators’
• Lehman Bankers’ Lock-Ins to Expire at Nomura
• Madoff victims may appeal directly to 2nd Circuit
• Employers still skittish on hiring
• Amazon cuts off Colo. affiliates because of tax Read the rest of this entry »

Tags: Amazon, Barack Obama, Bernie Madoff, Bubbles, China, Greece, Lehman Brothers, Morgan Stanley, Nomura, Politics, Taxes

Tags: Amazon, Autos, Barack Obama, Bonuses, Citigroup, Compensation, Davos, Goldman Sachs, Jim Gorman, Lloyd Blankfein, Morgan Stanley, Neil Barofsky, Politics, TARP, Toyota, U.S. Budget, Vikram Pandit

• Wall Street Reacts With Skepticism, Anger on Moves to Cut Pay
• Pay Master Navigated Some Conflicting Demands
• Fed Hits Banks With Sweeping Pay Limits
• Citigroup Taxpayer Ownership Doesn’t Prevent Lobbying
• CIT and Goldman Strike a Deal on Debt
• Apollo Pulls Off a Turnaround With Funds
• After a Decade-Plus Together, Calpers Reviews Apollo Ties Read the rest of this entry »

Tags: Amazon, Apollo, Apple, Autos, Bonuses, Calpers, CIT, Citigroup, Compensation, Fed, GM, Goldman Sachs, Lobbyists, Nokia, Revolving Door

• Dodd Says U.S. Shouldn’t Rule Out Helping CIT Avoid Bankruptcy
• Traders Profit With Computers Set at High Speed
• JPMorgan Said to Increase Some Banker Salaries Starting in 2010
• Buffett’s Goldman Stake Pays Richly
• Jersey Mayors Stung in Graft Probe
• Citigroup asks Fannie Mae director to join board Read the rest of this entry »

Tags: Amaranth, Amazon, Bankruptcy, CIT, Citigroup, Crime, Goldman Sachs, JP Morgan, Legal, Microsoft, Politics, Warren Buffett

• Obama Indicates He’s Willing to Consider Risk Fee for Banks
• Pelosi Says She Has Votes to Pass House Health Plan
• Berkshire Hathaway reduces stake in Moody’s
• AIG Held Off Bonuses Planned for Last Week
• Goldman Relents, but Not Chase
• Credit Suisse Profit Rises 29% on Gains From Trading Read the rest of this entry »

Tags: AIG, Amazon, Autos, Barack Obama, Berkshire Hathaway, CIT, Credit Suisse, Ford, Fraudsters, Goldman Sachs, Health Care, Politics, SEC, Warren Buffett

• The Fed’s Exit Strategy
• Big Estimate, Worth Little, on Bailout
• Obama hits out at unrepentant Wall Street banks
• Deutsche Bank Fires Two in Spying Probe
• Morgan Stanley Picks DiMaio for Interest-Rate Unit Read the rest of this entry »

Tags: AIG, Allen Stanford, Amazon, bailout, Barack Obama, Ben Bernanke, Citigroup, Credit Suisse, Deutsche Bank, Fed, Morgan Stanley, TARP

• After California: Which States Are in the Most Peril?
• Ex-Morgan Stanley Staffer to Plead Guilty in $2.5 Million Theft
• SEC’s Richards Leaving After Unit Missed Madoff Fraud
• AIG Will Pursue Greenberg State Suit Over Stock
• AIG Looting Case Against Starr Was ‘Weak,’ Jury Forewoman Says
• AIG May Have No Value After Rescue, Citigroup Says
• Amazon Cuts Kindle Price by $60 Read the rest of this entry »

Tags: AIG, Amazon, California, Hank Greenberg, Kindle, Morgan Stanley, SEC

• Paulson to testify July 16 to House panel
• Ruling Adds Teeth to State Oversight of Banks
• AIG Discloses New Risk on Derivatives Sold to European Banks
• Pimco’s El-Erian Says Federal Reserve Unlikely to Raise Rates
• Supreme Court overturns ruling by Sotomayor Read the rest of this entry »

Tags: AIG, Amazon, Autos, Endowments, GM, Headline Roundup, Henry Paulson, SCOTUS

Amazon.com's Jeff Bezos talks to Charlie Rose, mostly about the new Kindle.

Tags: Amazon

Amazon.com, one of our favorite shopping sites, is about to become a purveyor of U.S. wines…. 

Amazon, the world’s largest online
  retailer, is to start selling wine in the US, entering a business fraught with
  regulatory complexities and littered with the wreckage of previous failures.
 
  Amazon is looking to recruit a senior wine buyer, whom it says will be
  responsible for “the acquisition of a massive new product selection” for
  its site. The wine sales will augment a rapidly expanding non-perishable
  groceries business that Amazon launched two years ago.

Amazon to enter US wine market – Financial Times

Tags: Amazon

Read the rest of this entry »

Tags: Amazon, Charts

Amazon reported impressive 3rd quarter numbers and raised guidance for the full year, but not as much as some analysts expected.  As a result, the stock, which closed the regular trading session at $100.82 dumped all the way down to $90 when extended trading ended.  The chart above shows the regular trading and after hours action…..

Read the rest of this entry »

Tags: Amazon, Charts

Why is Amazon CEO Jeff Bezos smiling?  Because after unexpectedly stellar earnings last night that pretty much blew everyone away, AMZN soared today, closing at $86.18, up $16.93.

Tags: Amazon, Earnings