6:26am ET
Economy
A Perfect Storm For Recession Appears
The term "perfect storm" is overused by writers who have no other way to describe a disaster. Leaving that aside, the news from the last day would appear to indicate that a…
C Coverage Page 146
4:11am ET
Media
Media Digest 11/7/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, profits rose 2.7% at Toyota (TM) and the company raised full-year forecasts. Reuters writes that GM (GM) will take a $39 billion non-cash charge in Q3 Reuters reports that…
5:24pm ET
Investing
NYSE Short Interest For October 31, 2007
Below is the short interest for major companies traded on the NYSE and changes from October 15, 2007 to the most current date, October 31, 2007. Company …
7:57am ET
Investing
Pre-Market Analyst Calls (November 6, 2007)
Stock Tickers: ANF, ARO, AEO, ANN, ADSK, BMRN, CA, CHS, C, COGN, CWTR, ETR, GPS, GOOG, JCG, LF, MA, MSFT, ORH, ORCL, PAS, PNWIF, PT, RIMM, JAVA, SYMC, UA, URBN Abercrombie &…
7:38am ET
Banking, finance, and taxes
Citigroup (C) Board Gets Attacked
"Directors are not like some kind of 1950s housewife who was always the last to learn about the misadventures of her husband," said J. Richard Findlay, head of The Centre for Corporate…
Douglas A. McIntyre 4:41pm ET
Investing
The 52-Week Low Club
Fremont General (FMT) Mortgage company debt rating cut. Falls to $1.81 from 52-week high of $17.30. Valeant Pharmaceuticals (VRX) Drops on downgrade. Drops to $10.35 from $18.82. Nordstrom (JWN) Retailers keep hurting.…
3:58am ET
Media
Media Digest 11/5/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Chuck Prince stepped down at CEO of Citigroup (C) and the bank indicated it may have to write off as much as another $11 billion. Reuters writes that shares…
5:47pm ET
Investing
Citigroup (C): The Journeyman Leaves The Stage
One thing must be said for Chuck Prince, who left Citigroup (C) todayafter four years. He could take a beating. From the moment the CEO’s chair was vacated by the ample frame…
6:46pm ET
Investing
Open Letter to Citigroup Board of Directors
Dear Board of Directors at Citigroup, 24/7 Wall St. has made no secret since early December 2006 that Chuck Prince needs to go. Mr. Prince is not incompetent and he is not…
Douglas A. McIntyre 7:04pm ET
Investing
Citigroup (C) CEO To Offer Resignation
According to a report in The Wall Street Journal, Citigroup (C) CEO Charles Prince will offer his resignation at a board meeting on Sunday. There is speculation that the bank will have…
Douglas A. McIntyre 3:08pm ET
Investing
The 52-Week Low Club: Merrill Lynch (MER) And Citigroup (C)
AMBAC (ABK) Bond insurance company dropping like a rock on fears that it has huge exposures to CDOs. Down to $21.62 from 52-week high of $96.10. Security Capital Assurance (SCA) Another bond…
4:40am ET
Banking, finance, and taxes
Merrill Lynch (MER): Better Living Through Cheating
It seems while Merrill Lynch (MER) was losing all of that money on mortgage-backed financial instruments it was trying to unload them to save the company’s skin. Nice idea if you can…
Douglas A. McIntyre 3:10pm ET
Investing
The 52-Week Low Club
Assured Guaranty (AGO) Small bond insurance company. Wall St. hates bonds. Drops to $17.79 from 52-week high of $31.99. AMBAC (ABK) Big bond insurance company in world where bonds are bad. Down…
12:17pm ET
Banking, finance, and taxes
Why Wall St. Hates Ambac (ABK)
Ambac (ABK), the bond insurance company is down 19% today to a 52-week low of $30.10. The high for the period is $96.10. Competing firm MBIA (MBI) is already signalling big trouble.…
8:36am ET
Banking, finance, and taxes
Citi’s Chart Should Finally Break Chuck Prince’s Reign (C)
Citigroup was indicated lower earlier today on a downgrade to an "Underperform" rating out of CIBC World Markets. CIBC notes that Citi may need to sell assets to raise cash (ouch, some…
Douglas A. McIntyre