2:48am ET
Media
Media Digest 3/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to The New York Times, JP Morgan (JPM) is in talks to raise it bid for Bear Stearns (BSC) from $2 to $10. Reuters writes that analysts now see a steep…
Companies
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Citigroup Inc
$133.43
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Markets open · 11:00am ET
C Coverage
Page 133
9:11am ET
Investing
Big Mergers For A Recession Economy, Do Firms Like Ford, Citigroup, and Sears Go Away?
"The current financial crisis is the most serious since the second world war, and perhaps since the Great Depression."–The London Observer, March 23, 2008 Many investors find it hard to believe that…
4:24am ET
Investing
NYSE Short Interest: Investors Turn Against Finance And Auto Stocks
The short interest in most large stocks traded on the NYSE increased as measured on March 14. The figures compare to February 29. Car stocks were hit especially hard. Shares short in…
2:36pm ET
Banking, finance, and taxes
Visa IPO: Traders Use Member Banks & Owners As Back Door Plays (V, AXP, MA, DFS, JPM, BAC, NCC, WFC, C, USB)
Tonight we are going to get the highly awaited VISA, Inc. initial public offering. This one has been on the books since November 2007 and we have previously noted that this was…
7:08am ET
Banking, finance, and taxes
Citigroup (C): A Merger With Bank of America (BAC)
With Citigroup’s (NYSE: C) shares off from $55.55 to under $19 and concerns that it cannot weather another round of write-downs which may be coming for subprime paper, credit card debt, and…
7:03am ET
Investing
Citigroup (C) Merger Candidates, JP Morgan (JPM)
Citigroup (NYSE:C) will probably looking be looking for merger partners now that its stock is down to under $19 from a 52-week high of $55.55. The first choice would probably be JP…
5:50am ET
Banking, finance, and taxes
Citigroup (C) And Lehman (LEH) Will Disappear
The story is the same every decade or so. Bad economic times cause well-known businesses to fail. They are bought out and merged, and they simply cease to exist as the public…
2:55pm ET
Investing
The 52-Week Low Club (BSC)(LEH)(C)(MER)
Bear Stearns (BSC) For those not on the planet today, firm was bought out by JP Morgan (JPM). Shares fall to $2.84 from 52-week high of $159.36. Lehman Brothers (LEH) Fall out…
8:16am ET
Banking, finance, and taxes
Sovereign Funds Run And Hide (C)(JPM)(BSC)(MER)(LEH)(WM)
Just a few months ago, sovereign funds could not get enough stock and debt in financial firms like Citigroup (NYSE: C) and Merrill Lynch (NYSE: MER). When the time came to bail-out…
2:42am ET
Media
Media Digest 3/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the Fed is opening up its own balance sheet to poisonous securities it may get from banks in exchange for cash. Reuters writes that JP Morgan (JPM) bought Bear…
11:49am ET
Investing
Bleak House: Despair On The 52-Week Low List (GE)(VZ)(GOOG)(C)
Those rummaging through the garbage of 52-week low lists are usually bottom-fishing investors or desperate CEOs. But, the list is so broad that it has become a tableau of the market as…
5:05am ET
Banking, finance, and taxes
SEC’s “Flex” Accounting Plan For Banks (AIG)(JPM)(C)
AIG (NYSE: AIG) is asking regulators to change the way that assets are marked to market at financial companies. This system has caused tens of billions of dollars to be written off…
7:49am ET
Banking, finance, and taxes
Fed Adds Another $100B, Will Take ‘Other’ Mortgages In Rescue Package (GS, C, BAC, MER, MS, WB)
The Federal Reserve has just made an expansion of its securities lending program to add much more liquidity to the banking system, but the difference here is that this goes above and…
2:49am ET
Media
Media Digest 3/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Goldman Sachs says the Fed may make an emergency rate cut. Reuters writes that Nokia (NOK) is likely to sell down now that information from chip company Texas Instruments…
3:02pm ET
Investing
The 52-Week Low Club (LVLT)(FNM)(C)(LEH)
Lehman (NYSE: LEH) hit by concerns about huge Q1 write-offs. Falls to $42.77 from 52-week high of $82.05. Citigroup (NYSE: C) sells off because bank may have to raise more money. Down…