According to MarketWatch, shares in Rio Tinto (RTP) dropped 40% after BHP Billiton (BHP) dropped its offer for the company. According to Reuters, Citigroup’s (C) assurances that it did not need capital…
The market may be cheering the Citigroup (C) bailout, but one of the bank’s top analysts suggested that the cork go back in the bottle. There won’t be any party between now…
Douglas A. McIntyre The Paulson/Bernanke bailout is now spreading across the financial system like a prairie fire in a stiff wind. AIG (AIG) got one deal. A number of banks got a piece of another…
One size does not fit all. Citigroup (C) will get a bailout which does not look anything like the deal the government has made with other large banks under the $700 billion…
Douglas A. McIntyre According to Reuters, the US government gave Citigroup (C) a bailout worth over $300 billion. Reuters reports that the rescue of Citi failed to dispel concerns about the financial market as some…
The speculation has been brewing all week (longer actually, but let’s move on) where Citigroup, Inc. (NYSE: C) was going. Many believed an ‘AIG-esque’ package was coming, and many believed a quasi-filing…
Douglas A. McIntyre There had been speculation for almost a week that the government has been trying to broker a marriage between Goldman Sachs (GS) and Citigroup (C). Goldman has apparently been cool toward taking…
It has come to this. Will the federal government allow the shares of Citigroup (C) to open for trading on Monday morning without a plan in place to support the bank or…
It would make sense that Citigroup (C) has been talking to the Fed, FDIC, and Treasury over the last few days. Even if Vikram Pandit wanted to dodge those talks, the feds…
Foot Locker (FL) Cuts earnings outlook. Falls to $3.65 from 52-week high of $18.19. Citgroup (C) Still concerns about whether government will have to step in to stop bleeding. Down to $3.05…
At last Citigroup (C) has decided to do something to save itself beyond having town hall meetings and firing tens of thousand of people. Shares of the big bank fell to a…
The market has to rally something, and this is as good as any. The DJIA has fallen from 13,850 less than a year ago to 7,552. The idea that Citigroup (C) may…
Douglas A. McIntyre According to Reuters, Citigroup (C) is weighing options including a sale. Reuters reports that oil moved to a three-and-a-half year low. Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) are…
Verifone (PAY) JP Morgan cut rating. Drops to $2.38 from 52-week high of $48.61. Suntech (STP) Forecast below Wall St. estimates. Down to $5.60 from 52-week high of $90. Jones Apparel (JNY)…
This is not going to be a pleasant topic, but by now we are all probably more than used to unpleasant economic topics. The Dow Jones Industrial Average may follow its trend…
