The Fed and the Treasury have put pressure on Citigroup (C) to create a new board of directors. Richard Parsons, the bank’s chairman, is well on his way to doing that. The…
Reuters: Rio Tinto (RTP) has killed a deal with Chinalco for one with BHP (BHP). Reuters: US regulators insisted JP Morgan (JPM) and Amex (AXP) raise money to exit the TARP. Reuters: …
The ADP number for jobs lost last month was 532,000. It was better than any month since November but worse than what many analysts had expected. Economists predict the unemployment figures from…
Reuters: A survey shows the global stimulus spending lacks direction. Reuters: The race for “green” cars is still wide open. Reuters: GM (GM) and Chrysler will face Senate scrutiny are dealer closings.…
Abu Dhabi investors plan to sell their stake in Barclays (BCS) for about $6.8 billion. They have only had the shares a year but their return is likely to be more than…
The Wall Street Journal reports that five executives who left Citigroup (C) will not get the balance of their severance payments which total several million dollars. The reason behind the action is…
Douglas A. McIntyre Reuters: Global consumer confidence is improving. Reuters: GM (GM) filed for Chapter 11 and expects a quick exit. Reuters: Most US retailers probably had sales drop in May. Reuters: China gave Geithner…
Now that General Motors (NYSE: GM) is bankrupt, the Dow Jones Index Team has decided to announce its DJIA component changes. In this change, there were two components changed rather than just…
The triple-leverage financial ETFs of Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) are getting to deal with yet another potential wrench in…
Reuters: Central bankers in the US and Europe are battling deflation and inflation simultaneously. Reuters: GM (GM) is close to bankruptcy but the fate of Opel is still open. Reuters: Citigroup (C)…
The sharp rally in technology stocks over the past two weeks has pushed short sellers out of the market. The short interest in Microsoft (MFST) fell 29% in the period ending May…
Reuters: GM (GM) is close to filing Chapter 11. Reuters: A poll of economists says the US recession will end soon followed by modest growth. Retuers: The mood of US consumers rose…
Reuters: Chrysler is already seeing positive effects from bankruptcy. Reuters: The US is working with GM (GM) on a Chapter 11 filing as the June1 deadline looms. Reuters: Pimco’s Gross says US…
The federal government will end up owning bits and pieces of businesses including banks, car companies and insurance firms as it puts money into industries weakened by the recession. The Achilles Heel…
American Express Co. (NYSE: AXP) is probably feeling a little lucky today. On a day that the market is lower its shares are only down 2% after the company disclosed in an…
