KBO Tax and Accounting Services is a Tax & Accounting firm that provides income tax preparations, bookkeeping and accounting services (nationwide) across America.
Summary Box: Lehman found to use artifice (AP) FALL OF A WALL STREET TITAN: The investment bank Lehman Brothers, saddled with tens of billions of dollars of troubled assets, collapsed into bankruptcy in September 2008. Its fall precipitated the financial meltdown.
Solid economic data give positive backdrop (at Financial Times) 22:30 GMT: A record rise in eurozone industrial production and Wall Street s move on Thursday to fresh 17-month highs made global investors sanguine about the present. But they continue to be unsure of where to turn next.
These Large Bank Stocks Are Poised to Rise: Strategist (at CNBC) Over the week, shares of Citigroup and AIG stocks rose over 15 and 25 percent, respectively. Are there more gains to come in these names? John Brady, senior vice president at MF Global, and Jamie Cox, managing partner at Harris Financial, shared their insights.
U.S. stocks post second straight week of gains (at MarketWatch) U.S. stock indexes on Friday tallied a second week of gains in wrapping up a session stuck nearly at neutral. The market is almost unchanged and reflects today s good news in retail sales and bad news in consumer confidence, said Hugh Johnson, chairman of Johnson Illington Advisors.The Dow Jones Industrial Average rose 12.85 points to 10,624.69, leaving it 0.6% higher from the week-ago close.
Burger King Leads Bull Market s Late Bloomers (at CNBC) With the S&P 500 at a 17-month high investors are buying Burger King and some of the other few stocks that fell or underperformed the index the last 12 months in a bid they will catch-up and fuel the next leg of this bull market.
Potash upgrades put commodity in spotlight (at MarketWatch) Shares of potash stocks soar on Friday after Potash Corp. s raising its earnings outlook. Analysts say demand for the fertilizer ingredient is rising faster than expected this year.