The short interest in most financial and industrial companies rose sharply for the period ending June 30. Shares sold short in Washington Mutrual (WM) rose 21.6 million to 276.4 million. Short interest…
Fannie Mae (FNM) hit by rumors that it and Freddie Mac may have to raise $75 billion. Drops to $14.65 from 52-week high of $70.57. Freddie Mac (FRE) sells down to $10.28…
According to Reuters, NBC Universal and partners will by The Weather Channel for $3.5 billion. Reuters writes that Toyota (TM) will add solar panels to some of its Prius cars. Reuters writes…
Citigroup (C) may be facing another $8 billion in write-downs in the second quarter. It may also cut 18,000 people soon and have to raise more capital. According to The Times, "Although…
Douglas A. McIntyre Europe’s banks need to head back out on the fund-raising circuit. They may have to bring in as much as $141 billion, according to Goldman Sachs. Reuters writes that this capital will…
Lehman (LEH) falls on rumors of sale to Barclays (BCS). Down to $19.64 from 52-week high of $76.99. Ambac (ABK) drops on more concerns it will need additional capital. Sells off to…
Citigroup (C) has decided to change its bonus structure so that senior management will be paid on the results of the entire bank instead of the success of their individual operations. It…
Douglas A. McIntyre According to Reuters, Rhapsody, a music service owned by Real Networks (RNWK) and Viacom (VIA) will make a push against Apple (AAPL) iTunes by embracing the iPod as its player. Reuters writes…
Oshkosh (OSK) Comes out with extremely week outlook. Sells down to $22.20 from 52-week high of $65.83. GM (GM) Big sell rating and possible credit rating downgrade. Economy catches up to Detroit.…
Today’s selling does not look orderly like it has on many other down days this year. The drop is across almost every sector and most widely-traded shares. Much of it is out…
These are some of the calls in the financial sector that are impacting shares at major financial companies this Thursday morning: Barclays (NYSE: BCS) Raised to Overweight at Morgan Stanley. Citigroup (NYSE:…
Goldman Sachs researchers have decided that Citigroup (C) could lose another $9 billion in the second quarter. The big money center bank does not have that kind of capital on hand. According…
According to Reuters, Anheuser-Busch (BUD) will reject a $46.3 billion buy-out from InBev. Reuters writes that Oracle (ORCL) posted strong earnings but its outlook was light. Reuters reports that RIM (RIMM) has…
The last round of earnings for Wall St. firms showed that the financial industry was in bad shape and getting worse. That has been followed by news that the brokerage executives who…
According to Reuters, a new survey put Google (GOOG) first in reputation among US companies. Reuters reports that gas prices climbed to a record $4.10. Reuters writes that Bunge ((BG) will buy…