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The recession continues to weigh heavily on banks as U.S. regulators on Friday shuttered three more banks in Michigan, Minnesota and Colorado. This takes the total number of failed federally insured banks this year to 98, compared to 25 in 2008 and 3 in 2007. The failed banks were Warren, MI-based Warren Bank with about $538 [...]

(HBAN) U.S. Bank Failure Tally Reaches 98

Stocks end up nearly 1% after a late-day charge returned the major averages to near session highs. Stocks also picked up the pace earlier in the day when two new economic reports added to the opening gains linked to mergers and acquisitions activity. Monday's performance snapped a four-day streak of declines seen on less-than- robust economic news.[More...]

The recession continues to weigh heavily on banks as U.S. regulators on Friday shuttered three more banks in Michigan, Minnesota and Colorado. This takes the total number of failed federally insured banks this year to 98, compared to 25 in 2008 and 3 in 2007. The failed banks were Warren, MI-based Warren ...

BloggingStocks: Analyst upgrades: Kaufman Bros. upgraded American Superconductor (NASDAQ: AMSC) to Buy from Hold as it believes the follow-on contract from Sinovel has positive implications. The firm has a $36 price target on shares. Goldman upgraded Nike ... Read more

Last Friday Huntington Bancshares Incorporated (HBAN) has commenced a public offering of $400 million worth of common shares to strengthen its common equity position. The company has priced 95.2 million shares of its common stock at $4.20 per share. Additionally the underwriters will have a 30-day option to purchase up to an additional 14.3 million shares [...]

(HBAN) Huntington Bancshares Offers $400 Million Public Offering

Schaeffer's analyst Morgan Searcy takes a look at news on the Street before the market open.

Schaeffer's analyst Colleen S. King takes a look back at the major news of the day on Wall Street.