The bankers at Goldman Sachs (GS) must be selected from Mensa. When Wall St. bets the wrong way, Goldman takes the other side of the trade and makes billion. The firm is the only…
For Boston Scientific (BSX) the news gets worse every day. The FDA says it will set up new guidelines for testing stents, which is one of BSX’s largest businesses. According to The Wall Street…
Markets in Europe were mixed at 6.20 AM New York time. The FTSE was off .2% to 6,353. Northern Rock was up 9.3% to 94. BHP Billiton (BHP) was down 1.7% to 1543. The…
Shares in Citigroup (C) fell to close to $1 during the Latin American loan crisis in the 1970s. During the market difficulties beginning in 1987, the stock fell from $4.50 to $1.40 in 1990.…
ACA Capital Holdings, Inc. (NYSE: ACA) has been notified by the NYSE that it had fallen outside of the NYSE’s continued listing standards and is now "below criteria" and will have a ".BC"status on…
According to Reuters, Citigroup (C) will take $49 billion of SIVs onto its balance sheet. Reuters writes that Nissan and Chrysler may begin to partner in building new cars Reuters reports that Acer is…
Markets in Asia were narrowly mixed. The Nikkei fell .1% to 15,514. Casio fell 2.9% to 5,510. Sony (SNE) fell 1.9% to 6,180. The Hang Seng fell .7% to 27,563. China Netcom (CN) rose…
Citigroup (C) announced that it has committed to provide a support facility that will resolve uncertainties regarding senior debt repayment currently facing the Citi-advised Structured Investment Vehicles (“SIVs”). Citi will consolidate the SIVs’ assets…
Sales of video game consoles in the US during November went through the roof. Sales of Sony’s (SNE) PS3 rose to 466,000 units for the month up from 121,000 units in October. Price cuts…
Intellon Corp. (NASDAQ:ITLN) has priced its initial public offering of 7.5 million shares of its common stock at $6.00 per share. Intellon has granted the underwriters a 30-day option to purchase up to 1,125,000…
On tonight’s MAD MONEY on CNBC, Jim Cramer was discussing an opportunity he sees in Argentina-based Mercadolibre, Inc. (NASDAQ:MELI). Cramer likes the model. It hosts an online trading platform in Latin America that facilitates…
Qwest Communications (NYSE: Q) is seeing shares surge in after-hours trading. The telecom provider has announced that its board of directors has declared a quarterly dividend. The dividend is being set at $0.08 per…
Security Capital Assurance (SCA) Bond insurance company does not have enough capital to keep strong bond rating. Drops to $3.56 from 52-week high of $34.52. CSK Auto (CAO) Company gets brokerage downgrade. Falls to…
If you read 24/WallSt.com’s "Ten Stocks That Could Double in 2008" from us, you saw that Dendreon (NASDAQ:DNDN) is on that list. We weren’t expecting a 22% pop in shares this fast. We’d like…
Almost every single day there are reports of ‘greater and greater chances that the US is heading into a recession in 2008." We aren’t trying to stand up as a fair weather forecaster, but…
One of Wall St.’s most widely traded stocks, Conexant (CNXT) is off almost 7% to $.98, breaking below $1 for the first time this year. Volume is an unusually heavy 17.5 million shares. Douglas…
According to a report in The New York Times, German airline giant Lufthansa will buy 20% of US discount ariline JetBlue (JBLU). JetBlue shares are up almost 14% on the news, trading at $7.12,…
Advanced Micro Devices (NYSE:AMD) shares are not trading well despite its analyst meeting today. The number two processor maker said they expect to be break-even in Q2 2008 and will show operating profits in…
From mid-1998 to later that year, Citigroup (C) fell from $32 to just above $13. The stock moved from almost $4.50 in February of 1987 to $1.40 in October 1990. The markets hit periods…
The Blackstone Group (NYSE:BX) this morning announced that it has closed upon the Blackstone Credit Liquidity Partners L.P. and has secured capital commitments of more than $1.3 Billion. If you look at the news…