Matt Egan Archive

BofA Inks $1.7B Mortgage Settlement with MBIA

Published May 06, 2013

BofA will pay MBIA $1.6 billion to to settle a long legal battle over mortgage putbacks. As part of the agreement the banking giant will also glean the ability to buy 4.9% of MBIA. 

#HashCrash Didn't Erode Market Confidence

Published May 06, 2013

Two-thirds of market participants believe last month’s Hash Crash had no impact on market structure confidence. 

PE Firms Reveal $6.9B Buyout of BMC Software

Published May 06, 2013

A group of private-equity firms announced a $6.9 billion buyout of BMC Software in one of the largest take-private deals of the year.

Report: Icahn, Southeastern Eye Board Fight at Dell

Published May 06, 2013

Carl Icahn and Southeastern Asset Management are reportedly planning a proxy fight at Dell.

Berkshire Hathaway 1Q Results Top Street View

Published May 03, 2013

Warren Buffett's Berkshire Hathaway revealed 1Q earnings that easily beat expectations on both the top and bottom lines. 

J.P. Morgan Under Regulatory Fire Over Power Trading

Published May 03, 2013

U.S. government investigators have reportedly found that the banking giant had manipulated trading in the California and Michigan electricity markets.

MSG Scores 3Q EPS Blowout

Published May 03, 2013

MSG's quarterly profits blew away forecasts thanks to strong media growth.

Moody's Logs 1Q EPS Beat, Lifts '13 View

Published May 03, 2013

The ratings firm's earnings rose 8.6% as it continued to benefit from strong corporate-finance results.

AIG Blows Past Forecasts in 1Q

Published May 02, 2013

American International Group posted a first-quarter operating profit of $1.34 a share, zipping past expectations of 87 cents. Shares of the insurance giant advanced close to 2% in extended trading.

Does a Rally Still Count if Led by Defensive Stocks?

Published May 02, 2013

The latest flashpoint in the battle between bulls and bears centers on the surprising sectors that are leading the market higher.

Stocks Soar on ECB Cut, Strong Data  |  Investing in the Travel Industry