Despite being engaged in a war in Afghanistan, what President Obama has termed the “central front” in our war on terror (or our hissy fit on terror as it is shaping up with this administration), the administration is pressing ahead with cuts in the defense budget. It is clear that the de...

General Electric Co. (NYSE: GE) is finally cutting its dividend.  We predicted this over and over, and it has finally come to fruition.  We said that a cut in half could save $5 billion per year, but the cut is much larger and will save approximately $9 billion per year per reports. Starting in th...

RIO DE JANEIRO -- When Deutsche Bank determined that strategist Rod Manalo was, in the merciless language of hard times, "redundant," it was an abrupt and humbling end to a seven-year career in finance....

RIO DE JANEIRO -- When Deutsche Bank determined that strategist Rod Manalo was, in the merciless language of hard times, "redundant," it was an abrupt and humbling end to a seven-year career in finance....

RIO DE JANEIRO -- When Deutsche Bank determined that strategist Rod Manalo was, in the merciless language of hard times, "redundant," it was an abrupt and humbling end to a seven-year career in finance....

Filed under: Competitive strategy, Citigroup Inc. (C), Wells Fargo (WFC) While most banks are slashing dividends and looking to raise capital, Wells Fargo (NYSE: WFC) actually raised its dividend in the third quarter of 2008. That's been a boon to the company's stock price. Sure, it's trading at les...

About time: “J.P. Morgan Chase & Co. slashed its quarterly dividend late Monday to save $5 billion a year and said that its first-quarter has been “solidly profitable” so far. Shares of the giant bank climbed 4.7% to $20.42 during after-hours trading. The stock closed down 2% a...

To hear the management at JPMorgan (JPM) talk, the bank does not have to cut its dividend, but it would be nice to keep the extra money each quarter, just in case things do not go as planned. The reasoning is a little thin, but that does not mean that the bank is being sinister. In a statement relea...

I knew it would happen to some of my stock picks this year -- but ouch! -- Anglo American (NASDAQ: AAUK) has reported that it is handing out 19,000 pink slips world wide, oh, by the way, you can forget about the dividend -- that's gone too. The stock closed yesterday at $8.75 and is trading down at ...

We're coming to the conclusion that a lot of people have the wrong idea about chaos. For example, if you ask someone if the stock market is a pretty chaotic place these days, they'll say it is and what's more, we'll agree with them. If then you ask them if that's a good thing or a bad thing, they'll...