Google is one step closer to becoming an even more powerful player in the online advertising business. The FTC last week ruled in favor of the search giant’s acquisition of DoubleClick, the biggest display advertiser in the business, valued at roughly $800 million. Google still has to wait for EU approval, but with the FTC […]
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SLM Corp., better known to most as Sallie Mae, is in the process of attempting to raise $2.5 billion through a new stock offering. The company plans on using the money generated to buy back 44 million in old shares. The company has a deal in place with Citigroup to purchase the old […]
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The week started off the same way the last one ended–with lots of selling. Asian equities were especially hit hard in the sell off, with index funds FXI (China) and INP (India) taking the brunt. INP, the ETN which tracks the Indian index, had risen dramatically in recent weeks, shooting up to about 20% higher […]
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The markets have been extremely choppy recently, and investors were looking to Tuesday’s Fed meeting for a rate cut to boost liquidity in the markets, and boost stocks. A .25% cut was expected, but more was hoped for. Unfortunately for investors–at least in the short term–the markets were less than thrilled with the results, and […]
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The government has stepped in with a plan to freeze certain ARMs for 5 years. The DOW responded with a gain of 175 points and the gains were felt across the market. The decision of the government to step in is a big one, and especially strange for a Republican president to take. As far […]
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Treasury Secretary Henry Paulson has announced that a plan is in the works to relieve homeowners who are trapped in the subprime fallout and who are in jeopardy of losing their homes to foreclosure. Each month, roughly 100,000 people’s interest rates on their subprime loans reset from the initial rate to a much higher one, […]
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Sometimes you wish the Federal Reserve Chairmen and members would either make up their minds or just be quiet. A couple of weeks ago, Bernanke and other chairmen insinuated that more rate cuts wouldn’t be coming at the end of the year meeting in December, and the market responded by tumbling sharply with several days […]
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