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Daily Archives: November 3, 2007

Open Letter to Citigroup Board of Directors

Posted: November 3, 2007 at 6:46 pm

Dear Board of Directors at Citigroup,24/7 Wall St. has made no secret since early December 2006 that Chuck Prince needs to go.  Mr. Prince is not incompetent and he is ...
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AIG (AIG): Methusela Pays A Visit

Posted: November 3, 2007 at 2:34 pm

AIG's (AIG) ancient former CEO Hank Greenberg is not happy with how the place is run. He shouldn't be, but neither should any of the company's shareholders. The stock is ...
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Ford (F) Gets Its UAW Deal, Workers Save The Company

Posted: November 3, 2007 at 7:52 am

The UAW negotiations with Ford (F) went fast. The template was already in place from the deals with GM (GM) and Chrysler. There will be a fund set up so ...
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This Week on Stockhouse October 29 to November 2

Posted: November 3, 2007 at 7:40 am

The U.S. Federal Reserve elected to again cut interest rates on its benchmark overnight lending rate, to increase liquidity and moderate the pain of the subprime mortgage lending crisis. While ...
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The Week’s Top Issues

Posted: November 3, 2007 at 7:37 am

Next week we have earnings out of John Chambers & Co., here is the preliminary preview.  There were some major developments this last week ended November 2, 2007:FINANCIALS: Citigroup's (C) ...
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Berkshire Hathaway Earnings Winner On No Hurricanes (BRK-A)

Posted: November 3, 2007 at 5:34 am

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK-A) posted reults after Friday's close that are probably going to be hard to complain about, and not just because very few analysts make projections ...
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Hank Greenberg & AIG, Up A Rope & In The Wind (AIG)

Posted: November 3, 2007 at 5:02 am

Former head and oustered Maurice "Hank" Greenberg according to an SEC filing is leading a campaign to do a total makeover at his AIG (NYSE:AIG).  There is a problem besides ...
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