This weekend, Barron’s wrote an article noting that shares of Berkshire Hathaway Inc. (NYSE: BRK-A) were finally cheap. After closing at $90,000 on Friday and seeing a low of $74,100 last week, the publication…
The Paulson/Bernanke bailout is now spreading across the financial system like a prairie fire in a stiff wind. AIG (AIG) got one deal. A number of banks got a piece of another deal, the…
These are some of the top pre-market analyst upgrades, downgrades, and initiations we are seeing early this Monday morning with more than two hours until the open: John Bean Technologies (JBT) Started as Buy…
It looks as though not quite all the mergers are dead on the medical tech and biotechnology front. Johnson & Johnson (NYSE: JNJ) announced that it is acquiring Omrix Biopharmaceuticals, Inc. (NASDAQ: OMRI). The…
Synaptics Inc. (NASDAQ: SYNA) filed late on Friday to sell up to $250 million in a mixed securities shelf. The company will be able to sell any combination of Common Stock, Preferred Stock, Debt…
After the close of trading on Friday, General Electric Co. (NYSE: GE) filed an open shelf registration with the SEC which would allow it from time to time to sell securities. No size or…
Hundreds of junior employees from Treasury may be asked to don cheap suits and take up residence at car dealers all over America. They can put "sale" signs on windshields and run streamers across…
Most executives spend their careers trying to get noticed, both as a way to achieve promotion and to bolster their reputations which they hope will be remembered long after they retire. Mention Herb Kelleher,…
One size does not fit all. Citigroup (C) will get a bailout which does not look anything like the deal the government has made with other large banks under the $700 billion Paulson program.…
According to Reuters, the US government gave Citigroup (C) a bailout worth over $300 billion. Reuters reports that the rescue of Citi failed to dispel concerns about the financial market as some indexes around…
Most markets in Asia were lower. The Nikkei was closed for a holiday. The Hang Seng was down 1.4% to 12,484. The Shanghai Composite was down 3.7% to 1,897. In Europe, the FTSE opened…
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.…