Zings Of The Day

The SEC is being accused of destroying thousands of documents. That's okay. When you got rid of the uptick rule, you destroyed thousands of lives, so I guess that's fair. The Justice Department is investigating whether Standard & Poor's, improperly rated dozens of mortgage securities. Talk...

SABMiller took its $10 billion bid for Foster's Group direct to shareholders today, as it goes hostile with its bid. Foster's. Australian for get over here. China promised to let foreign investors buy mainland shares and bonds. Tell your kids to start learning Chinese now. Don't ask questions...

The planned purchase by Google (NASDAQ: GOOG) of Motorola Mobility (NYSE: MMI) is making allegiances of some companies involved murkier and intensifying the playing field even more. Yea, because it wasn't already an Apple (NASDAQ: AAPL)-Android war before. THIS, and only this, will muddy things...

Japan's economy shrank less than expected in the second quarter, despite the affect effects of the March earthquake. I blame Godzilla for not making it shrink worse. A new study finds that nice people tend to earn less than nasty workers, especially for men. Being mean apparently pays. Glad my...

AT&T (NYSE: T) has hired bankers to advise it on selling assets, to try to win over government approval for its planned purchase of T-Mobile USA. How about getting rid of those annoying T-Mobile commercials? That might be a good way to start. France's economy came to a halt in the second...

Deere & Co. (NYSE: DE) is being probed by the SEC for potentially violating the foreign bribery law. Kinda hard to NOT notice someone handing you a tractor. French president Nicolas Sarkozy has given his finance and budget ministers one week to come up with new measures to cut France's debt....

The U.S. Treasury pointed out a $2 trillion mistake that S&P made in assessing the U.S. credit, and ultimately downgrading it to AA+. Glad to see none of these guys passed basic arithmetic and they are rating government debt. 45,000 workers at Verizon Communications (NYSE: VZ) went on strike...

Priceline.com Inc. (NASDAQ: PCLN) soared today after the travel-website reported better than expected earnings. William Shatner somewhere is smiling. He still can't act, but nonetheless, smiling. Some Goldman Sachs Group Inc (NYSE: GS) prime brokerage clients were unable to access information...

Dendreon (NASDAQ: DNDN) reported weaker than expected earnings yesterday, and removed its guidance for its prostate cancer drug Provenge. Shares fell nearly 70% today, amidst a broader market sell off. Just a little bit of a correction, ya think? Kraft (NYSE: KFT) announced this morning that it...

Research In Motion (NASDAQ: RIMM) announced plans to launch 5 new phones based on the BlackBerry® 7 Operating System (OS). In other news, no one cared. The United States had its AAA rating confirmed by Moody's and Fitch yesterday. This is like that famous line in Tommy Boy. "A guaranteed piece...

Samsung Electronics said it would not sell its Galaxy Tablet in Australia after reaching an agreement with Apple (NASDAQ: AAPL). This is what is known as the iSue. Italian authorities are meeting today to discuss growing market turmoil. Now that's a spicy meat-uh-ball.

Bernie Madoff victims scored a victory, reaching a settlement of more than $1 billion with Tremont Group Holdings Inc. Madoff, the guy who keeps on stealing. The House postponed a vote last night to try to pass Speaker John Boehner's (R-OH) plan to raise the federal borrowing limit and cut the...

Jefferson County, Alabama could potentially be the largest municipal bankruptcy in U.S. history, which was caused by a very ambitious sewer project. I'm not there, but this stinks. Literally. Sprint Nextel (NYSE: S) and LightSquared today confirmed a deal that will last 15 years and see Sprint...

Goldman Sachs Group Inc. (NYSE: GS) won a case that accused it of hoodwinking investors on mortgage securities that were sold during the buildup to the financial crisis. Government Sachs strikes again. Fitch Ratings said today it put a "restricted default" on Greece as a part of its bailout...

Nokia (NYSE: NOK) shares rose today, despite reporting an earnings drop. In other news, no one cared. The Federal Reserve is actively preparing for the possibility of a United States default. Yea, it's called "Helicopter Ben."