Daily Digest- Things You Need To Know November 18, 2011 Morning
The sovereign debt situations europe, especially in Spain, Greece and Italy have not been improved, nations has a new government and new austerity programs. It looks like in Greece may be there is no one to collect the Greek Tax Money. Funny!
Citigroup (NYSE: C)- a global diversified financial services holding company, Bank of America (NYSE: BAC)- a financial institution, serving individual consumers, small and middle market businesses, corporations and governments and Morgan Stanley (NYSE: MS)- provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals, could be affected when S&P updates its credit ratings on the world’s 30 largest banks.
Shortly after group buying company Groupon Inc. and Angie’s List Inc., San Francisco-based Yelp! has filed with the U.S. Securities and Exchange Commission for an 2012 initial public offering (IPO) of up to US$100 million.
UBS (NYSE: UBS) a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services will fire thousands at its investment bank.
Pressure on Alcatel-Lucent’s (NYSE: ALU) engaged in mobile, fixed, Internet Protocol (IP) and optics technologies, applications and services CEO increases due to poor performance.
Shares of Liberty Starz (NASDAQ: LSTZA), formerly Liberty CapStarz, Inc., owns interest in a range of media, communications and entertainment businesses, and Liberty Capital (NASDAQ: LCAPA) wich owns interest in a range of media, communications and entertainment businesses, will be combined.
Data shows that Amazon.com’s (NASDAQ: AMZN), a customer-centric company for three primary customer sets: consumers, sellers and enterprises, Kindle Fire has low margins.
Hewlett-Packard Co. (HPQ), is adding activist shareholder Ralph Whitworth to its board to help shore up investor confidence shaken by strategy shifts and slashed sales forecasts. Gamestop (NYSE: GME) cuts its forecasts. Silver Lake Partners is closer to a deal to buy Yahoo! (NASDAQ: YHOO).
Italy’s new prime minister offers a package to turn around the nation’s finances. Organized crime may be involved in the losses at Olympus. Spain’s borrowing costs soar. NYSE Euronext (NYSE: NYX) and Deutsche Boerse will make some concessions to complete their marriage. Home prices in many Chinese cities fall.
Proxy votes for Microsoft (NASDAQ: MSFT), engaged in developing, licensing and supporting a range of software products and services, CEO Steve Ballmer decline and Eastman Kodak (NYSE: EK), engaged in the sale of imaging products, technology, solutions and services to consumers, businesses and professionals, puts its online gallery up for sale.