When Is Visa IPO Seeking $18.8 Billion?

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When is Visa IPO seeking $18.8 billion? Visa Inc. is the world’s largest company that processes electronic payments.  They have hopes of setting a record for an IPO.  The $18.8 billion is what they plan to raise from the offering in a time when companies going public has slowed to a halt due to the […]

Popularity: 40% [?]

Fed Rate Cut Announcement Today

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Fed Rate Cut Announcement Today.  The Federal Reserve cut a key interest rate this afternoon by half a percentage point in attempt of fending off a recession.

 
The Fed Rate Cut announcement came this afternoon and the interest rate now sits at 3%.  This is the lowest it has been since 2005 and is the fifth […]

Popularity: 8% [?]

John Thain Merrill Lynch CEO?

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John Thain Merrill Lynch CEO?  That is what news reports are flashing across the country.  John Thain has apparently accepted the job as the new CEO of Merrill Lynch.

John Thain is currently the NYSE Euronext CEO.  The public announcement is expected to come as earlier as Wednesday afternoon.  It seems to be good news for […]

Popularity: 3% [?]

ETrade Bankruptcy

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ETrade Bankruptcy may be on the horizon.  ETrade on Friday announced that the value of its holdings of securities that are backed by mortgages have fallen in a significant manner.  Due to this loss in value the company will have to have write downs in their 4th quarter that will be a lot larger than […]

Popularity: 4% [?]

Meredith Whitney and John Charles Layfield?

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Meredith Whitney is married to John Charles Layfield.  She was recenlty in the headlines yesterday because of a note she wrote stating that Citigroup needed an additional $30 billion to restore its capital cushion. 

Meredith Whitney caused the US Stock market to plummet more than $369 billion in trading on Friday.  Citigroup’s stock plummeted 7% in […]

Popularity: 5% [?]

Richard Parsons and Google?

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Richard Parsons and Google?  The Internet giant has had a small issue with what a search for Parsons was showing in the results. 

Richard Parsons, Time Warner CEO, name could be searched for in Google news and one the search results that has been coming up is a picture of two Rhesus monkeys.  If you clicked on the […]

Popularity: 4% [?]

Fidelity Layoffs

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Fidelity Layoffs are to begin from the mutual funds giant Fidelity Investments.  The layoffs are expected to happen today, this comes from very close to the situation. 

The Fidelity layoffs are projected to include around 200 people.  Now this is not a large number of people considering the total number of people employed by Fidelity.  The company employees […]

Popularity: 5% [?]

Stanley O’neal Steps Down, Alberto Cribiore Leads Search For New Merrill Lynch CEO

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Stanley O’neal has stepped down as CEO of Merrill Lynch.  Director of the board for Merrill Lynch Alberto Cribiore leads the way in the search for a new CEO.

Stanley O’neal comes under fire after Merrill Lynch reported an $8.5 billion write-down last week.  This far exceeded projections Wall Street projections and is the biggest lost Merrill […]

Popularity: 3% [?]

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