Goldman fends off charge of exploiting home bubble

Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients "shi**y" deals and made billions off the market's collapse, in a high stakes Senate hearing.

Pacific Commerce Bank (PFCI.OB) Reports Q1 2010 Financial Results

Los Angeles-based Pacific Commerce Bank today posted its financial results for the first quarter of 2010. The bank reported net income for the quarter at $204,000 compared to $75,000 for the same quarter a year ago, an increase of $129,000. This bank attributes the increase primarily to decreases in interest expense and provision for loan [.

Blue River Bancshares, Inc. (BRBI) Reports Net Loss Due to Higher Loan Loss Provision

Blue River Bancshares, Inc. reported a net loss of $140,000, or ($0.05) per diluted share, in the first quarter of 2010. The bank earned net income of $37,000, or $0.01 per diluted share, in the same quarter of 2009. Blue River Bancshares, Inc. said that the loss for the quarter was due to an increase [.

Natural Resource Partners L.P (NRP) Closes On Three Aggregates Purchases

Natural Resource Partners L.P announced the closing of three acquisitions of aggregates properties in the United States. The company paid $31 million for the three properties, with $21 million paid at closing and $10 million due later in 2010. The management of Natural Resource Partners L.P indicated that it is still looking for further purchases [.

S&P 500 below 1,200 on Greek debt downgrade

The S&P 500 Index dropped below 1,200 and the Dow Jones Industrial Average ended below 11,000 as Standard & Poor's, the rating agency, downgraded the sovereign debt of Greece and Portugal.

BP profits soar, but investors eye oil spill

BP Plc failed to reassure investors with a more than doubling of first-quarter net profits on Tuesday, as the oil major's shares fell on growing fears about the impact of a worsening oil spill in the Gulf of Mexico.

Nasty, Tricky Day

Despite losing money today and being slapped around, I am encouraged to see a market which seems to have a human pulse.  An hour ago, the S&P 500 broke the 20 day moving average again (I bought some SPY puts just as a downside hedge).

Greece woes, Goldman case sink Wall Street

U.S. stocks sank on Tuesday as downgrades of Greek and Portuguese debt fueled concerns about economic stability in the euro zone, while a grilling of Goldman Sachs on Capitol Hill heightened the possibility of financial reform.

Confidence up, home prices rise on annual basis

U.S. consumer confidence firmed to a 1-1/2-year high in April, while house prices rose in February on an annual basis for the first time in more than three years, in fresh signs of a strengthening economy.

Coke deal to buy into Russia's Nidan may be postponed

A Russian law on bacteria used in food processing may postpone Coca-Cola Co's acquisition of juicemaker Nidan Soki, as it places the deal in the strategic investment territory, a Russian regulator told Reuters on Tuesday.

Senate faces fresh vote on bank rule reform

A sweeping overhaul of banking rules appeared to be headed toward another roadblock in the U.S. Senate on Tuesday, although an influential Republican predicted it ultimately will pass the chamber.

Wall Street sinks on Greece, Goldman

U.S. stocks slid further on Tuesday, driving the Dow below 11,000 and pushing the benchmark S&P 500 down more than 2 percent, as downgrades of Greek and Portuguese debt fueled fears of contagion, while a grilling of Goldman Sachs on Capitol Hill heightened the likelihood of tough financial reform.