"Last updated November 17, 2010: 4:15 PM ET --- The major U.S. equity indices closed mixed Wednesday, following a Federal Reserve announcement that banks will have to undergo new stress tests to prove they can hold strong during a recession or major borrower default.
The Fed's examiners will look at 19 previously tested banks. The firms under the looking glass include Citigroup (NYSE:C), JP Morgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co. (NYSE:WFC). All called upon banks must file for the stress tests by January 7, 2011.
In corporate news, BJ's Wholesale Club, Inc. (NYSE:BJ) reported a year-over-year boost of 8.6% to its Q3 net sales.. coming in at $7.84 billion. The firm's quarterly net income posted at $23.0 million, or $0.43 per share, up from $17.4 million, or $0.32 per share, in the year-ago period.
Target Corp. (NYSE:TGT) also reported Q3 earnings. The store posted EPS of $0.74, a 28.5% increase from $0.58 in the year-ago period. Net earnings for the quarter rose from $436 million in 2009, to $535 million. Sales rose 3% year-over-year to $15.2 billion and gross margin declined from 30.8% in the year-ago period to 30.6%.
Taking a look at the major U.S. indices...The Dow Jones Industrial Average (DJI) closed 0.14% lower at 11,007.88, the S&P500 (INX) closed 0.02% higher at 1,178.59, and the Nasdaq Composite (IXIC) closed 0.25% higher at 2,476.01."
Wednesday, November 17, 2010
Investigating fraudclosure - Dylan Ratigan Show
Dylan Ratigan Show—Nov. 16, 2010--Dylan Ratigan and guests discuss investigating fraudclosure and Senate banking committee hearings.
The Everyday Cash Heist
The Everyday Cash Heist from Conspiracy of the Rich on Vimeo.
From Chapter 12, Robert gives a more detailed explanation on how your wealth is stolen, and why people struggle financially, in "the everyday cash heist".
Subscribe to:
Comments (Atom)
