Barclays plc (NYSE: BCS) is trading higher on word that it may sell off its valuable iShares unit. This is the golden child of the ETF industry. The reports from the WSJ…
Douglas A. McIntyre According to Reuters, a price battle among goods makers is beginning. Reuters reports that payments to AIG (AIG) employees is causing rage among people already concerned about the bailout. Reuters reports that…
According to the head of the FDIC, a “bad bank” system could jumpstart the US economy. Reuters reports that some economists believe that the US economy will start to rebound in the…
According to Reuters, Ford (F) will launch a major financial restructuring. Reuters reports that the US is launching a $75 billion plan to help troubled holders of US mortgages. Reuters reports that…
According to Reuters, Nissan forecast an annual loss. Reuters reports that the Treasury has delayed it bank bailout announcement. Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) will channel new…
Bank of America (BAC) hit another 52-week low today at $3.77. Wells Fargo (WFC) got close. The IMF said that that the banking crisis is far from over.
After being absolutely pummeled last weak on nationalization concerns, shares of Barclays plc (NYSE: BCS) are up 40% in overseas and pre-open U.S. trading after the company said it sees "significant" pretax…
Douglas A. McIntyre According to Reuters, The National Association of Business Economics survey found that members believe that the economy has it its worst period in 27 years. Reuters reports that Pfizer (PFE) is close…
According to Reuters, Samsung had its first ever quarterly loss. Reuters reports that Pfizer (PFE) is in takeover talks with Wyeth (WYE), a deal that would be worth $60 billion. Reuters reports…
By many measures, the economy in the UK may be worse off than the US, at least up until now. The government has dealt with that by becoming more aggressively involved in…
These are some of the top pre-market analyst downgrades we have seen early this Friday morning: ABB (ABB) Cut to Neutral at Goldman Sachs. Barclays (BCS) Cut to Sell at RBS. Corn…
According to Reuters, Citigroup (C) has begun the process of breaking itself into pieces. Reuters reports that Chrysler is in deal talks about selling assets to Renault or Magna. Reuters reports the…
According to Reuters, a survey of 22 countries show three-quarters of households cutting spending and a sharp drop of confidence in emerging economies. Reuters writes that the US sold record debt and…
According to MarketWatch, "Standard & Poor’s cut the credit rating or outlook of 12 major U.S. and European financial institutions Friday, saying the move reflected its view of the significant pressure on…
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…
