According to Reuters, the Fed’s decision to make an October rate cute was a "close call." Reuters writes that Paulson said home loan defaults will be much higher in 2008. Reuters writes…
According to Reuters, Goldman Sachs (GS) issued a report saying the housing sector had much further to fall and that some financial institutions would have to raise money to stay in business.…
There are many other impact analyst calls this morning, but these are the TOP 10 ANALYST CALLS that 24/7 Wall St. is focusing on: AFLAC (AFL) raised to Hold from Sell at…
Goldman Sachs (GS) has downgraded Citigroup (C) to "sell" "with the broker seeing up to $15 billion in write-downs from collateralized debt obligations over the next two quarters," according to MarketWatch.
Citigroup (C) may look outside the US for its next CEO. According to The Telegraph, Royal Bank of Scotland CEO, Sir Fred Goodwin, "is understood to have been informally approached by Citigroup…
Douglas A. McIntyre The FT is reporting that Merrill Lynch (MER) and Citigroup (C) are looking at partial IPOs of the retail brokerage units. According to the newspaper "brokerage businesses trade on much higher earnings…
Losses related to record U.S. home foreclosures using a “back-of-the-envelope” calculation may be as high as $400 billion for financial companies, Jan Hatzius, chief economist at Goldman (GS) in New York wrote…
The New York Post has reported that NYSE (NYSE:NYX) CEO John Thain will be made the new head of Merrill Lynch (NYSE:MER). The announcement is expeted after the close. This also follows…
According to Reuters, executives at Ford (F) say that they see a tough US market and will cut production as necessary. Reuters reports that Northern Rock received an injunction from the publication…
Goldman Sachs (GS) is trading up 6% on word from its CEO that the firm "does not expect to take any significant asset write-downs," according to Reuters. There have been rumors that…
The board at Citigroup (C) is telling CEO candidates that they want with the bank, short of burining it to the ground. A new chief can sell off units, almost at will,…
Douglas A. McIntyre According to Reuters, BHP Billiton (BHP) will not sell its petroleum division, as had been rumored, to finance a bid for Rio Tinto (RTP). Reuters writes that most of the Hershey (HSY)…
At first, the offer by mining giant BHP Billiton (BHP) to buy Rio Tinto (RTP) looked improbable. The $140 billion price seemed quite rich and offering an all stock arrangement might not…
Citigroup (C), JP Morgan (JPM), and Bank of America (BAC) are closer to setting up their "super fund" to supply short-term loans to structured investment vehicles, pools of money which are made…
Some on Wall St. are concerned that, as the price of oil reaches closer to $100, Big Oil will not do as well as the rising price of crude would indicate. That…
