Investors Retain Right to Retain Independent Counsel and Opt Out of Any Class Action Settlement

Small Business Owners Earn More Points with Every Purchase with Ink

JPMorgan Chase has agreed to remove arbitration clauses from credit-card contracts.

By Jessica HallPHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.Hershey has lined...

PHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc CBRY in an effort to outstrip a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.Hershey, which is still considering...

Government regulators and financial professionals appear to be coming to a realization a possible way to save struggling banks is turn to private equity firms, who  have the financial knowledge, but more importantly have the cash, to head into the distressed sector.

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Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRK-A)/(BRK-B), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would acquire the rest for a ...

After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The [...]

(JPM) Treasury to Auction TARP Warrants

Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRKA)/(BRKB), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would acquire the rest for a total value of $34 [...]

(BRKA) Berkshire Hathaway Borrows for Burlington Northern Santa Fe Acquisition

Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRK.A)/(BRK.B), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would acquire the rest for a total value of $34 billion. Buffet agreed to pay $100 a share in cash and stock to buy the rest of the company.[More...]

After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The government is taking this step to free the lenders from the federal bailout program. 

The three banks, whose warrants will be sold via auctions over the next month, are JPMorgan Chase (JPM), Capital One Financial (COF) and TCF Financial Corporation (TCB). These three banks, that received a total of $28.9 billion from the TARP, have fully repurchased Treasury's preferred stock investment. The current move to sell their warrants will completely free these banks from government intervention. 

The government still holds warrants of 261 banks, out of which only 15 have paid back the bailout money but not repurchased their warrants yet. Many other financial institutions that have already repaid bailout money include American Express (AXP), Goldman Sachs (GS), Morgan Stanley (MS), BB&T Corporation (BBT) and US Bancorp (USB). Also, banks like Bank of America (BAC), Wells Fargo (WFC) and Citigroup (C) are expected to exit TARP over the next 12 to 18 months. 

Treasury will sell the warrants through a modified Dutch auction. According to the format, the three banks will be able to bid for the warrants themselves. However, the price at which banks could buy back the warrants became a contentious issue as banks started repaying their bailouts. 

We think that the repayment of government money and repurchase of warrants can be viewed as a sign of recovery of the institutions as well as the economy. Also, the full repayment of government money by the bailed-out firms will help protect their executive compensation packages.
Read the full analyst report on "JPM"
Read the full analyst report on "COF"
Read the full analyst report on "TCB"
Read the full analyst report on "AXP"
Read the full analyst report on "GS"
Read the full analyst report on "MS"
Read the full analyst report on "BBT"
Read the full analyst report on "USB"
Read the full analyst report on "BAC"
Read the full analyst report on "WFC"
Read the full analyst report on "C"
Zacks Investment Research

Companies featured in this segment: Valero Energy (NYSE:VLO), Marathon Oil (NYSE:MRO), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Jacobs Engineering Group (NYSE:JEC), Fluor Corporation (NYSE:FLR), Areva SA (EPA:CEI), El Paso Corporation (NYSE:EP), Rio Tinto plc (NYSE:RTP), BHP Billiton Limited (NYSE:BHP), Baoshan Iron and Steel Company (SHA:600019), ArcelorMittal (NYSE:MT), ABB Limited (NYSE:ABB), Abengoa Solar SA (MCX:ABG), Deutsche Bank AG (NYSE:DB), E.ON AG (OTC:EONGY), Munich Re (BIT:MUV2), RWE AG (OTC:RWEOY), Siemens AG (NYSE:SI), Wisconsin Energy Corporation (NYSE:WEC), Iberdrola SA (OTC:IBDRY), BHP Billiton Limited (NYSE:BHP), China Shenhua Energy Company Limited (SHA:601088), Peabody Energy Corporation (NYSE:BTU), Vale SA (NYSE:VALE), Gazprom OAO (OTC:OGZPY), Deutsche Bank AG (NYSE:DB), JPMorgan Chase & Company (NYSE:JPM), Rio Tinto plc (NYSE:RTP), Severstal’ OAO (MCX:CHMF), Itochu Corporation (OTC:ITOCY)

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

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

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

Companies featured in this segment: Southern Company (NYSE:SO), Foster Wheeler (NASDAQ:FWLT), American Electric Power (NYSE:AEP), GlaxoSmithKline plc (NYSE:GSK), Diageo plc (NYSE:DEO), JPMorgan Chase & Company (NYSE:JPM), Northern Foods plc (LSE:NFDS)