Stock Investment Blog|Journal of Stock Investments|Portfolio

Lehman, Merrill shut the door
Commentary: Job cuts, smaller bonuses and scorn on tap until yearend
By MarketWatch
Last Update: 8/28/2008 3:15:00 PM
NEW YORK (MarketWatch) — If America has any pity left for the Wall Street
banker, it was directed Thursday at the bankers of Lehman Brothers Holdings Inc.
Reports said the battered Lehman (LEH) is planning to cut 1,500 [...]

Goldman sees more pain for banks, brokers
Analysts cut profit estimates and warn of more write-downs, asset sales
By John Spence, MarketWatch
Last Update: 8/20/2008 3:13:00 PM
BOSTON (MarketWatch) — Goldman Sachs analysts became the latest to chop their
profit estimates on bank and brokerage stocks on the expectation of more ugly
write-downs triggered by the ongoing tumult in credit markets.
“We [...]

Surviving at a cost
Commentary: Merrill and Lehman will survive but lose key parts
By MarketWatch
Last Update: 8/19/2008 8:52:00 AM
NEW YORK (MarketWatch) - Dick Fuld, Lehman Brothers Holdings Inc.’s chief
executive, has decided to sell off one of the company’s most prized assets to
survive.
Lehman (MER) is reportedly shopping Neuberger Berman, the asset management firm
it bought for $2.6 billion [...]

By Matthias Rieker
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–In banking circles, convergence talk is back.
Mergers between investment banks and commercial banks had become rare until
JPMorgan Chase & Co. (JPM) bought Bear Stearns, but falling profits and tougher
funding have hurt Lehman Brothers Holdings Inc. (LEH), Morgan Stanley (MS),
Merrill Lynch & [...]

US HOT STOCKS: WellCare Health, Xinhua Finance Media, Saks
Last Update: 8/19/2008 10:09:21 AM
Among the companies whose shares are actively trading in Tuesday’s session are
WellCare Health Plans Inc. (WCG), Xinhua Finance Media Ltd. (XFML) and Saks Inc.
(SKS).
Two of WellCare’s (WCG, $44.08, $5.84, 15.26%) subsidiaries agreed to pay at
least $24.5 million to state and federal regulators in [...]