Coleman Research Group’s Business and Financial Services Group facilitates consultations between our clients (institutional investors) and leading business and financial services professionals on a wide variety of topics including consumer credit trends, banking and investment services, insurance, residential and commercial real estate, student lending, and regulatory issues.
Our Business & Financial network includes an elite assembly of current and former CFOs and senior executives, accountants, former regulatory officials, academics, and top-level industry consultants.
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US banking chairman is voted out
April 30, 2009
Bank of America shareholders have voted to oust Kenneth Lewis as the firm's chairman, following months of criticism over his running of the company.
The bank said the result of the vote at its annual general meeting had been narrow, and that Mr Lewis will continue in the chief executive position.
However, analysts said it was now the beginning of the end for Mr Lewis, 62.
He has been criticised for buying Merrill Lynch last year, and the bank's need to accept emergency state loans.
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Stocks Waffle On Banking And Flu Worries
April 30, 2009
Banking fears and international flu worries sent the Dow into the red Tuesday.
The Dow lost eight points, the Nasdaq dropped seven points and the S&P 500 fell two points.
Yahoo! BuzzShares of Bank of America ( BAC - news - people ) dropped by 8%, and Citigroup ( C - news - people ) closed down more than 6%.
According to The Wall Street Journal, U.S. regulators told Bank of America and Citigroup they may need to raise more capital.
IBM ( IBM - news - people ) was a bright spot. The company stock got a boost after its board approved a 10% dividend and a stock buyback. Shares rose nearly 2%.
Chrysler and Washington worked out a deal with banks and private equity firms to swap $6.9 billion in Chrysler's secured debt for $2 billion in cash and a small equity stake. While Chrysler is nearing a tie-up with Fiat ( FIA - news - people ), bankruptcy remains a possibility. Shares of competitor General Motors ( GM - news - people ) lost more than 11% after announcing Tuesday it will force more than 1,000 dealers to close as it attempts to stave off bankruptcy.
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To learn more about Coleman Research Group please visit the Coleman Research Group website or at any of the links below:
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Thursday, April 30, 2009
Wednesday, April 29, 2009
Coleman Research Group’s Technology, Media & Telecom department highlights technology financial results and Amazon's Kindle sales surge
Coleman Research Group’s Technology, Media & Telecom Group facilitates consultations between our clients (institutional investors) and leading technology professionals on a wide variety of topics including semiconductors, data storage and security, computer hardware and software, satellite system operators, telecom equipment, cable and wireless providers, and advertising spending.
Our TMT network spans technology industries across the globe and includes CTOs, CIOs, marketing and business development executives, engineers, buyers, and resellers.
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Tech: Down, but definitely not out
March 29, 2009
NEW YORK (CNNMoney.com) -- Big tech firms from IBM to Microsoft reported less-than-stellar financial results this week -- but there were pockets of optimism and most companies expect the end of 2009 to look much brighter.
The quarterly numbers were expected to be rotten, especially coming in the midst of a deep recession, and they were. Microsoft's sales fell for the first time in the company's history as a public company, Apple's Mac sales fell for the first time in five years, and Yahoo announced it would cut 5% of its workforce. IBM (IBM, Fortune 500) reported a decline in its quarterly revenue and profit on the same day that rival Oracle scooped up once-coveted Sun Microsystems for $7.4 billion.
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Amazon sales surge as Kindle takes off
March 29, 2009
SAN FRANCISCO (Reuters) -- Amazon.com on Thursday beat Wall Street expectations for first-quarter earnings and sales as it drew more customers online and its Kindle electronic reader gained momentum.
Its shares rose 2% in after-hours trading.
The global online retailer, which sells everything from books to auto parts on the Internet, increased revenue an unexpectedly strong 18% in a sluggish global economy, which some analysts attributed to successful promotions.
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To learn more about Coleman Research Group please visit the Coleman Research Group website or at any of the links below:
About Coleman Research Group
Coleman Research Group Testimonials
Coleman Research Group on LinkedIn
Coleman Research Group on Facebook
Coleman Research Group on Flickr
Coleman Research Group on Squidoo
Coleman Research Group on Namyz
Coleman Research Group on Twitter
Coleman Research Group on Review-Inc
Coleman Research Group Contact Us
Coleman Research Group on 800 Review
Coleman Research Group on Blogspot
Coleman Research Group on Jobster
Coleman Research Group's Knowledge Broker
Our TMT network spans technology industries across the globe and includes CTOs, CIOs, marketing and business development executives, engineers, buyers, and resellers.
********************************
Tech: Down, but definitely not out
March 29, 2009
NEW YORK (CNNMoney.com) -- Big tech firms from IBM to Microsoft reported less-than-stellar financial results this week -- but there were pockets of optimism and most companies expect the end of 2009 to look much brighter.
The quarterly numbers were expected to be rotten, especially coming in the midst of a deep recession, and they were. Microsoft's sales fell for the first time in the company's history as a public company, Apple's Mac sales fell for the first time in five years, and Yahoo announced it would cut 5% of its workforce. IBM (IBM, Fortune 500) reported a decline in its quarterly revenue and profit on the same day that rival Oracle scooped up once-coveted Sun Microsystems for $7.4 billion.
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Amazon sales surge as Kindle takes off
March 29, 2009
SAN FRANCISCO (Reuters) -- Amazon.com on Thursday beat Wall Street expectations for first-quarter earnings and sales as it drew more customers online and its Kindle electronic reader gained momentum.
Its shares rose 2% in after-hours trading.
The global online retailer, which sells everything from books to auto parts on the Internet, increased revenue an unexpectedly strong 18% in a sluggish global economy, which some analysts attributed to successful promotions.
********************************
To learn more about Coleman Research Group please visit the Coleman Research Group website or at any of the links below:
About Coleman Research Group
Coleman Research Group Testimonials
Coleman Research Group on LinkedIn
Coleman Research Group on Facebook
Coleman Research Group on Flickr
Coleman Research Group on Squidoo
Coleman Research Group on Namyz
Coleman Research Group on Twitter
Coleman Research Group on Review-Inc
Coleman Research Group Contact Us
Coleman Research Group on 800 Review
Coleman Research Group on Blogspot
Coleman Research Group on Jobster
Coleman Research Group's Knowledge Broker
Monday, April 27, 2009
Coleman Research Group’s Business and Financial Services Group highlights Fed releases stress-test methodology and Credit Suisse
Coleman Research Group’s Business and Financial Services Group facilitates consultations between our clients (institutional investors) and leading business and financial services professionals on a wide variety of topics including consumer credit trends, banking and investment services, insurance, residential and commercial real estate, student lending, and regulatory issues.
Our Business & Financial network includes an elite assembly of current and former CFOs and senior executives, accountants, former regulatory officials, academics, and top-level industry consultants.
********************************
Fed releases stress-test methodology
April 27, 2009
The Federal Reserve has pulled back the curtain on its banking stress tests when it released the methodology behind government-mandated analyses recently completed at the nation’s 19 largest banks.
Charlotte-based Bank of America Corp. (NYSE: BAC) and the former Wachovia Corp., now part of Wells Fargo & Co. (NYSE: WFC), both participated in the tests, officially called the Supervisory Capital Assessment Program (SCAP). The tests were designed to determine the capital needs of the major banks that control the majority of the lending activity in the country.
The information released Friday explained how the tests were conducted, but didn’t provide specific information on the participating banks or the overall health of the industry. That information is expected to be released, at least in part, in early May. In the meantime, the participating banks will have time to review the results and challenge the findings.
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Credit Suisse Chmn Backs Integrated Banking Model To Hldrs
April 27, 2009
ZURICH (Dow Jones)--Credit Suisse Group's (CS) outgoing chairman Friday backed the Swiss bank's integrated business model at a Friday shareholder meeting, according to prepared remarks.
"There is no question about the fact that the integrated bank is an effective response to the needs of our clients," bank Chairman Walter Kielholz said.
Credit Suisse runs private banking, or financial services for wealthy individuals, alongside an investment bank, and argues the two disparate units can be closely linked to parlay more revenue out of each.
Kielholz steps down Friday because he has been elected chairman of Swiss Reinsurance Co. (RUKN.VX). Hans-Ulrich Doerig, who is the bank's vice-chairman, is expected to be approved by shareholders to replace Kielholz as Credit Suisse chairman at Friday's meeting.
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To learn more about Coleman Research Group please visit the Coleman Research Group website or at any of the links below:
About Coleman Research Group
Coleman Research Group Testimonials
Coleman Research Group on LinkedIn
Coleman Research Group on Facebook
Coleman Research Group on Flickr
Coleman Research Group on Squidoo
Coleman Research Group on Namyz
Coleman Research Group on Twitter
Coleman Research Group on Review-Inc
Coleman Research Group Contact Us
Coleman Research Group on 800
Coleman Research Group on Blogspot
Coleman Research Group on Jobster
Coleman Research Group's Knowledge Broker
Our Business & Financial network includes an elite assembly of current and former CFOs and senior executives, accountants, former regulatory officials, academics, and top-level industry consultants.
********************************
Fed releases stress-test methodology
April 27, 2009
The Federal Reserve has pulled back the curtain on its banking stress tests when it released the methodology behind government-mandated analyses recently completed at the nation’s 19 largest banks.
Charlotte-based Bank of America Corp. (NYSE: BAC) and the former Wachovia Corp., now part of Wells Fargo & Co. (NYSE: WFC), both participated in the tests, officially called the Supervisory Capital Assessment Program (SCAP). The tests were designed to determine the capital needs of the major banks that control the majority of the lending activity in the country.
The information released Friday explained how the tests were conducted, but didn’t provide specific information on the participating banks or the overall health of the industry. That information is expected to be released, at least in part, in early May. In the meantime, the participating banks will have time to review the results and challenge the findings.
********************************
Credit Suisse Chmn Backs Integrated Banking Model To Hldrs
April 27, 2009
ZURICH (Dow Jones)--Credit Suisse Group's (CS) outgoing chairman Friday backed the Swiss bank's integrated business model at a Friday shareholder meeting, according to prepared remarks.
"There is no question about the fact that the integrated bank is an effective response to the needs of our clients," bank Chairman Walter Kielholz said.
Credit Suisse runs private banking, or financial services for wealthy individuals, alongside an investment bank, and argues the two disparate units can be closely linked to parlay more revenue out of each.
Kielholz steps down Friday because he has been elected chairman of Swiss Reinsurance Co. (RUKN.VX). Hans-Ulrich Doerig, who is the bank's vice-chairman, is expected to be approved by shareholders to replace Kielholz as Credit Suisse chairman at Friday's meeting.
********************************
To learn more about Coleman Research Group please visit the Coleman Research Group website or at any of the links below:
About Coleman Research Group
Coleman Research Group Testimonials
Coleman Research Group on LinkedIn
Coleman Research Group on Facebook
Coleman Research Group on Flickr
Coleman Research Group on Squidoo
Coleman Research Group on Namyz
Coleman Research Group on Twitter
Coleman Research Group on Review-Inc
Coleman Research Group Contact Us
Coleman Research Group on 800
Coleman Research Group on Blogspot
Coleman Research Group on Jobster
Coleman Research Group's Knowledge Broker
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