Financial crises are typically marked by consolidation and regulatory actions intended to alleviate the severity of the economic contraction; needless to say, these forces produce massive changes in the industry’s dynamics and shape the competitive landscape in a post-bust world. Read More

Cash Cow Enterprise Products Partners (NYSE: EPD) announced an increase to its quarterly cash distribution rate; unitholders as of October 31 will receive 52.25 cents per unit on November 12. The partnership has now raised its quarterly cash distribution in 17 consecutive quarters. Read More

A coordinated interest rate cut by the Federal Reserve and a coterie of central banks around the world failed to prevent the three major US stock indexes, which staged several rallies throughout the day, from sinking into the red by the closing bell. Read More

The three major US stock indexes continued their freefall, as news that the Federal Reserve will purchase commercial paper failed to buoy investor sentiment and arrest the plunge. Read More

It doesn’t matter what happened on Capitol Hill this week. What does matter is having a plan to get for getting past not just the next several days of ups and downs in the market but the coming year as well. Read More

US stocks endured a dramatic selloff today, plumbing historic lows in intraday trading before recovering somewhat. Extreme pessimism ruled the day, reflecting elevated concern about the severity and duration of the global credit crunch and attendant economic slowdown. Additional commentary on the day’s events follows the Market Update text. Read More

Despite an early rally and the approval of a bailout bill, US stocks once again finished the day in the red. Read More

US stocks further retreated into the red, as rising unemployment numbers and a worsening economy undercut the prospects that the House of Representatives might approve a bailout bill. Read More

Income Portfolio holding Flaherty & Crumrine Preferred Income Fund (NYSE: PFD, CUSIP: 338480205) announced that management is delaying the payment of its September dividend. Read More

The three major US stock indexes finished the day in the red, as numbers indicated that manufacturers cut back production at a faster pace than many economists had expected. Read More