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With Two New Deals, This "Double-Your-Money Stock" Could Go Vertical

I was on the phone trading “war stories” with author and veteran journalist Alecia Swasy – a longtime friend – the other night. And we found ourselves talking about my days with Gannett Co. (NYSE: GCI) newspapers on the Eastman Kodak Co. (NYSE: KODK) beat – when I got to chronicle the early death throes of a once-iconic American company.

My time on the beat began in the summer of 1993, when the company fired CEO Kay R. Whitmore, a chemical engineer and career Kodaker who’d risen through the ranks to take the top spot at the film giant…

  • Featured Story

    The Real Villain is the One Behind the Curtain in the Libor Scandal

    There's nothing like pulling back the curtain on the fraud that's center stage in the Libor manipulation scandal and finding the levers are really being pulled by central banks.

    It's not about the banks doing what they did. The revelation is this: Central banks are the biggest impediment to free markets and the reason capital markets have become casinos.

    And until the tyranny of their grip is broken, the majority of public investors are going to rightfully sit on the sidelines and long-term economic growth will be impossible.

    The Libor scandal is just a sideshow. There's nothing new there.

    Banks manipulated Libor (the London Interbank Offered Rate), the benchmark for over 800 trillion dollars in interest rate-sensitive loans and financial instruments, to jack up profits on trading positions they held.

    Bankers scheming, lying and cheating for bigger bonuses at the expense of anyone in their way...that's news?

    No, but here's the real inside scoop...

    To continue reading, please click here...


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  • Libor manipulation

  • Libor Manipulation Scandal Stings Barclays and Parliament Barclays Plc (NYSE ADR: BCS) was dealt another blow Thursday to its already tarnished reputation, as the ripple effects continue from its Libor manipulation scandal.

    Moody's and Standard & Poor's, while maintaining their ratings on the bank, slashed their outlook from "stable" to "negative," a precursor to an actual ratings downgrade.

    Fitch was a bit more lenient, and left its view unchanged.

    All... Read More...