According to Reuters, Google’s (GOOG) quarterly profit rose 46%. Reuters writes that Warren Buffett has sold his entire stake in PetroChina (PTR) Reuters writes that Microsoft (MSFT) says that its may make…
Citigroup (NYSE:C) shares have spent most of the day in the tank after three straight down-days in the stock. In fact, todays intraday lows were actually 52-week lows. Conversely, JPMorgan Chase (NYSE:JPM)…
According to Reuters, the Mortgage Bankers Association said that mortgage originations will fall next year to the lowest levels since 2000, forcing job losses for at least 30,000 more home finance professionals.…
DJIA component and financial giant JPMorgan Chase (NYSE:JPM) is set to report earnings Wednesday morning before the open. We have First Call estimates at $0.90 EPS & $16.6 Billion, but based upon…
More details are out on this huge superfund we covered over the weekend to take advantage of over-sold (or now illiquid) asset-backed securities and loans. The name of the structure is a…
Citigroup’s (C) quarter was as bad as advertised. The bank reported net income for the 2007 third quarter of $2.38 billion, or $0.47 per share, a decline of 57% from the prior-year…
Douglas A. McIntyre According to Reuters, Citigroup (C) and other large banksare planning to create a roughly $80 billion fund to buy ailing mortgage securities and other assets. Reuters writes that Medtronic (MDT) is suspending…
In a far-reaching response to the global credit crisis, CitigroupInc. and other big banks are discussing a plan to pool together andfinancially back as much as $100 billion in shaky mortgage securitiesand…
Douglas A. McIntyre This was a long and crazy week for stock traders, but the Bond weasels got Monday off and only had a four-day work week. Thursday was the mystery tank day when the…
Citigroup (NYSE:C) is feeling the wrath of yet another SELL rating, this time the downgrade came from Deutsche Bank. Interestingly enough, the note directly challenges management saying changes are needed in the…
Douglas A. McIntyre Citigroup CEO-for-life Chuck Prince engineered another major reorganization of his senior management group. This time the reason was all of the mortgage and fixed income losses the bank had. The ones that…
According to Reuters, a sharp fall in shares of China internet company Baidu (BIDU) raised fear that the tech market has topped. Reuters (RTRSY) reports the Citigroup (C) has gone through another…
The FT ran a piece in which research firm Sanford Bernstein is quoted as saying that loses at Bank of American (BAC) and JP Morgan (JPM) will be just as bad, if…
According to Reuters, Morgan Stanley (MS) plans to start a wealth management business in India. Reuters writes that Alan Greenspan said that US economic growth is slowing. Reuters writes that SAP (SAP)…
The housing situation in the US may be getting bad enough so that one or more of the major home builders could face Chapter 11, especially if the downturn goes deep into…
