Fremont General (FMT) Fear of Chapter 11 grows. Falls to $.39 from 52-week high of $13.80. Verasun Energy (VSE) High commodity prices kill ethanol stocks. Down to $7.76 from 52-week high of…
Share of Citigroup (NYSE:C) dropped as low as $22.09 this morning, their lowest level in over eight years. The head of Dubai International Capital said that Citi would need to raise more…
Douglas A. McIntyre The biggest question running around Wall St. is how much more cash is going to have to go into the sink hole of banks, brokerages, and insurance companies. The estimates for further…
According to Reuters February car sales dropped sharply especially for US made vehicles. Reuters writes that BHP Billiton (BHP) is working on raising $55 billion for its potential takeover of Rio Tinto…
The muni markets are getting into more trouble as each day passes. According to Bloomberg "U.S. states and local governments may extend the worst slump in municipal bonds on record as they…
Douglas A. McIntyre E*Trade (NASDAQ: ETFC) is making its non-executive chairman Donald Layton CEO today. The move is puzzling since he is a former vice chairman of JP Morgan (NYSE: JPM). He was "installed" in…
The business press has had its ear to the rail, and it has heard that more capital is headed toward private equity funds. Some of this money may be invested by the…
No matter how bad the markets were in February, they were worse for some stocks than for others. Shares in Microsoft (NASDAQ: MSFT) dropped 16% during the second month of the year,…
Senior officials of the US Treasury have been spanning the globe to meet with heads of sovereign funds, starting with Singapore and Abu Dhabi. They want the funds to sign a Boy…
Douglas A. McIntyre It looks like CEOs may have found a new way to "game" the systems for giving and getting stock. According to a piece at Portfolio.com, chief executives are particularly adroit at the…
On more than one occasion 24/7 Wall St. has said Citigroup’s (NYSE: C) shares could go as low as $15. Now Oppenheimer is saying it agrees. Bloomberg writes "Citigroup may post its…
Douglas A. McIntyre Ambac (NYSE: ABK), the down-on-its-luck muni-bond insurance company may get rescued by several large banks. If the reports are to be believed, Citigroup (NYSE: C), UBS (NYSE: UBS), and Wachovia (NYSE: WB)…
If muni-bond insurers like Amback (NYSE: ABK) and MBIA (NYSE:MBI) are forced to break into two pieces, some banks could be badly hurt. The halving of the firms would leave the muni…
An analysis out of Citigroup says that UBS (UBS) could be forced to write-down $18 billion more of its $80 billion in exposure to subprime instruments and other debt which it holds…
According to Reuters, Citigroup says UBS (UBS) may face another $18 billion in write-downs this year. Reuters writes that Alan Greenspan says the US is on the edge of recession. Reuters writes…