The Dubai International Capital fund has $15 billion to invest. Temasek Holdings, Singapore’s state-owned investment company, just put $2 billion into a new investment vehicle in China. According to the IHT "the…
According to the FT, the board at Citigroup (C) tried to get Josef Ackermann, the head man at DeutscheBank (DB) to come to the US bank as CEO. He said no. There…
According to Reuters "the Federal Reserve will cut interest rates by 100 basis points before June to help the housing market, Citigroup’s (C) chief economist, Lewis Alexander, said on Monday." Douglas A.…
Douglas A. McIntyre Going back a year, it would be inconceivable that a large American bank might need to be bailed out. But, Citigroup (C) is facing two daunting problems. One is that Moody’s is…
Douglas A. McIntyre According to Reuters, a study by America’s Research Group says most shoppers will wait to buy until late in the month, looking for sales. Reutes writes that Nasdaq (NDAQ) has opened its…
According to The Wall Street Journal "Debt-rating agency Moody’s Investors Service, signaling a new turn for the worse for some bank-affiliated funds, said it downgraded or put on review debt totaling $119…
The federal government and several large mortgage lenders have a plan to freeze loan rates for certain subprime borrowers. The Wall Street Journal writes that ‘The Bush administration and major financial institutions…
There is no crying in baseball or whining in big business. Sears CEO Aylwin Lewis said, regarding the company’s 99% drop in earnings in the last quarter: "We are very disappointed in…
It is always a wonder when the markets go from horrible to wonderful in two mere days. If you asked traders, institutions, and brokers last week (or even Monday) what to expect,…
Douglas A. McIntyre According to Reuters, "Citigroup Inc got a call from a prominent investment banker suggesting a merger with Bank of America Corp as it was dealing with billions of dollars in mortgage-related losses…
Tonight on CNBC’s MAD MONEY, Jim Cramer wanted to discuss some trades off of fresh deals. After Abu Dhabi invested $7.5 Billion into Citigroup (NYSE:C), Cramer wanted to look elsewhere to see…
AMD (AMD) Downgrade. Prospects seen as dim for next few months. Drops to $9.80 from 52-week high of $23. Motorola (MOT) Verizon Wireless opening its system? No other news. Falls to $14.87…
Citgroup (C) may have gotten a $7.5 billion investment from a fund controlled by the Abu Dhabi government, but its shares are down .4% in the pre-market. It may that Wall St.…
Douglas A. McIntyre Below is a snapshot of much of the pre-market news moving individual stocks this morning: Activision (ATVI) raised guidance on Guitar Hero III sales; stock up 8% pre-market. Barrier Therapeutics (BTRX) announced…
Citigroup (C) got a cash infusion of $7.5 billion from the investment arm of the Abu Dhabi government which seems to be taking a piece of every business in the world including…
Douglas A. McIntyre