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AIG may actually be able to repay the government afterall?

AIG may actually be able to repay the government afterall?

According to Moody’s Investors Service, AIG may actually be able to pay back its loans from the government. The company posted its second straight quarterly profit last week thanks to a recovery in the value of investments.
Moody’s said that as long as the operations of …

Advanta has filed for bankruptcy

Advanta has filed for bankruptcy

Advanta Corp is a company that offers small businesses credit cards in the United States. Yesterday the lender filed for bankruptcy protection. The company, in its filing with the U.S. Bankruptcy Court for the Deleware District, listed assets of $363 million and debts totaling $331 …

“Flash Trading” could be no more, thankfully.

“Flash Trading” could be no more, thankfully.

Flash orders give some traders an edge in the purchase or sale of their stocks. The advantage is only a split second advantage, but it is enough to get the attention of the SEC.
For the next 60 days, the change will be up for public …

Citigroup: Sell Palm, RIM and buy Motorola

Citigroup: Sell Palm, RIM and buy Motorola

An analyst at Citigroup is calling for the company to buy into Motorola as well as sell stocks in Palm and RIM (the makers of Blackberry devices).
Jim Suva says that the release of Motorola’s Droid on the Verizon network will end up spelling trouble for …

Sprint lost nearly half a billion dollars in the third quarter

Sprint lost nearly half a billion dollars in the third quarter

Sprint can’t keep itself from hemorrhaging money as well as customers. The nation’s third largest retailer announced their third quarter earnings and they obviously weren’t too great.
As subscribers dropped the carrier, it found itself losing $478 million, 17 cents per share. This is a greater …