The speculation has been brewing all week (longer actually, but let’s move on) where Citigroup, Inc. (NYSE: C) was going. Many believed an ‘AIG-esque’ package was coming, and many believed a quasi-filing protection was…
The finances of OPEC companies are being badly undermined by the drop of crude from $147 during the summer to under $60 recently. Several news reports have indicated that the national budgets in both…
There had been speculation for almost a week that the government has been trying to broker a marriage between Goldman Sachs (GS) and Citigroup (C). Goldman has apparently been cool toward taking on Citi’s…
It has come to this. Will the federal government allow the shares of Citigroup (C) to open for trading on Monday morning without a plan in place to support the bank or a buyer…
The GM (GM) board is looking at a Chapter 11 as a way to get the car company out of its mess. Even if Congress approves funds for the car company, it might insist…
The FDIC seized three more banks and sold their assets: Downey Savings and Loan, PFF Bank & Trust, and Community Bank of Loganville. The agency now has 117 banks on its list of endangered…
It would make sense that Citigroup (C) has been talking to the Fed, FDIC, and Treasury over the last few days. Even if Vikram Pandit wanted to dodge those talks, the feds would knock…
Foot Locker (FL) Cuts earnings outlook. Falls to $3.65 from 52-week high of $18.19. Citgroup (C) Still concerns about whether government will have to step in to stop bleeding. Down to $3.05 from 52-week…
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) will be appearing on Fox Business News around the close of the market today, and we have been provided some of the information being discussed. Mr.…
Everyone knows about the old $1.00 stock limit for a regular NASDAQ listing. This $1.00 listing requirment rule has been under a moratorium until after the first of the year so that NASDAQ would…
At last Citigroup (C) has decided to do something to save itself beyond having town hall meetings and firing tens of thousand of people. Shares of the big bank fell to a low of…
After bad news from its larger rival Intel (INTC), AMD (AMD) backed its own forecasts. AMD has its new Opteron processors. According to the company, the product has up to 20% faster performance with…
Is retailer Gap (GPS) back from the dead? At least two analysts think so following the company’s solid third quarter results and guidance after the close. This morning, Gap’s stock is trading 10% higher.…
If you have read us for very long, you will know how critical we have been of Gap, Inc. (NYSE: GPS). The company just couldn’t get it right. This was a fairly tale growth…
USG Corporation (NYSE: USG) shares are surging this morning. The sheet rock and building products company has reported that it has entered into an agreement to sell a total of $400 million of 10…