Thornburg Mortgage (NYSE: TMA) Fear of Chapter 11. Falls to $1.26 from 52-wek high of $28.40. CIT Group (NYSE: CIT) Lehman Brothers cuts price target. Drops to $15 from 52-week high of…
A number of the large financial stocks took news of a write-down at UBS (NYSE: UBS), debt problems at Merrill Lynch (NYSE: MER), and downgrades of Thornburg (NYSE: TMA) hard. Hitting 52-week…
Ill-timed remarks by Sameer Al Ansari, chief executive of Dubai International Capital hurt Citigroup’s (C) shares yesterday. The man said that Citi would need more capital and that it might not be…
Douglas A. McIntyre According to Reuters, Google (GOOG) lost a key executive to Facebook. Reuters reports that losses at Credit Agricole were worse than expected Reuters reports that OPEC indicated that it would leave production…
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