Active Trading

Biogen Idec (Nasdaq: BIIB) said it earned $143 million in the second quarter, or 49 cents a share, down -31% from last year, when the company earned 70 cents a share. The results reflect a $110 million expenditure on Fampridine, a new drug to treat multiple sclerosis. Excluding the purchase,… Read More

Goldman Sachs (NYSE: GS) earned a record $3.4 billion in the second quarter, setting a record and handily exceeding even the most optimistic forecasts. The results were +64.5% higher than a year ago, illustrating how quickly the investment bank has recovered from the… Read More

When will the recovery come? Has it already begun? These are questions experts can answer only in hindsight. But just because no one knows exactly when the recovery will arrive doesn’t mean it’s not coming. It always has, so one can say with a fair degree of certainty that it… Read More

The American Bankers Association said consumer-credit delinquencies rose to 3.23% of all accounts in the first quarter of 2009. Delinquencies on bank-card accounts rose to 4.75%. The percentage of consumers at least 30 days late making a payment is the highest since the group began keeping records in 1974:… Read More

Legendary pop star Michael Jackson spent exuberantly and accumulated a lot of debt during his lifetime, but one shrewd business decision might save his estate. Jackson paid $47.5 million for the rights to some of the world’s most famous musicians’ work, including the Beatles… Read More