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…
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…
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…
Douglas A. McIntyre 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…
Word out yesterday was that Richard Fuld, CEO of Lehman (LEH), would make $35 million for his year’s work. Lehman stock is down over 20% this year. But, the company’s board probably…
We are set to get the highly awaited earnings report out of Lehman Brothers (NYSE: LEH) on Thursday morning, and this could be the largest catalyst for brokers and financial stocks since…
According to Reuters, the Fed is considering more actions to improve liquidty issues in the economy and announcements could come as early as today. On proposal would include a new liquidity facility…
Yesterday’s announcement that Washington Mutual (NYSE: WM) about a dividend slash, layoffs, exit of sub-prime, and a capital raise was greeted with far less than joy. 24/7 Wall St. has already warned…
Below is a snapshot of the individual company news affecting share prices being watched by 247WallSt.com: Amtech Systems (NASDAQ: ASYS) shares up 3% after it announced receipt of a $3.9 million solar…
Over that last six months, the Dow is up 3%. But, it has been a "no stock market growth" kind of period. GDP was fairly strong, but any strength in tech shares…
According to Reuters, the Fed is set to cut rates today. Reuters writes that inflation in China hit an 11 year high at almost 7% in November. Reuters reports that global deals…
Well, some one with a pen and paper thinks that Citigroup (C) may be taken over. According to FT blog site Alpahville, JP Morgan (JPM) may be just the folks to do…
Fortune has come up with a list of "Blue Ribbon" companies. The companies on the most Fortune lists (Fortune 500, Fastest Growing, Most Admired, Best To Work For) made the grade. Some…
Blackstone (BX) is making a bid for miner Rio Tinto (RTP), at least according to The Telegraph. Rio has a market cap of over $150 billion, and will probably be sold at…
According to Reuters, UBS (UBS) will writes down about $10 billion in subprime financial instrument and raise new capital from sources including the Singapore government. Reuters reports that Blackstone (BX) is preparing…
