ThinkstockUBS Job Cuts UBS A.G. (NYSE: UBS) has made it official. It will cut 10,000 jobs, primarily in its fixed-income operations. The financial firm said the move will save it $3.6 billion…
The three major U.S. stock indexes opened lower this morning, and never really got untracked all day. Spanish 10-year bond yields fell 28 basis points to around 5.51%, while Spain again demurred…
Updated throughout the day on the 24/7 Wall St. Wire: Vikram Pandit was pushed out of Citigroup Inc. (NYSE: C) because of tensions with chairman Michael O’Neill over how the CEO handled daily…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations we have seen from Wall St. research calls this Wednesday. ADT Corp. (NYSE: ADT) started as Outperform with $45 target…
Ratings firm Moody’s did not think much of the decision by the Citigroup Inc. (NYSE: C) board to push out CEO Vikram Pandit. Moody’s changed its outlook of Citi’s Baa2 rating from stable…
Apple Inc. (NASDAQ: AAPL) supplier Foxconn says an underage worker was used at one of its facilities. (Reuters) Intel Corp.’s (NASDAQ: INTC) earnings raise more concern about PC sales. (Reuters) A fight…
On the back of the resignation of Citigroup (NYSE: C) CEO Vikram Pandit, Moody’s has “affirmed all its ratings on Citigroup Inc. (senior at Baa2) and its major subsidiaries including Citibank N.A., (senior debt…
Douglas A. McIntyre The three major U.S. stock indexes opened higher this morning following a report that economic sentiment in Germany came in better than expected (more coverage here) and that U.K. inflation was lower…
Vikram Pandit has already come out and told the Wall Street Journal that the decision to leave Citigroup, Inc. (NYSE: C) was his decision alone. Now we have CNBC’s Maria Bartoromo speaking with…
Jon C. Ogg Citigroup Inc. (NYSE: C) stunned the markets on Tuesday with a sudden press release about the immediate departure of CEO Vikram Pandit. There are several reasons for us to wonder about what…
Jon C. Ogg Updated throughout the day on the 24/7 Wall St. Wire: Citigroup Inc.’s (NYSE: C) board fired CEO Vikram Pandit. (everywhere) Spain is about to officially ask the European Union for a line of…
Douglas A. McIntyre Jon OggThese are some of the top analyst upgrades, downgrades and initiations we have seen from Wall St. research calls this Tuesday. AmBev (NYSE: ABV) named Bear of the Day at Zacks. Baker…
Citigroup Inc. (NYSE: C) is making a big change. The banking giant has just announced that Vikram Pandit will step down as chief executive officer. The press release also says that he…
Jon C. Ogg The three major U.S. stock indexes opened higher this morning, aided by a better-than-expected report on U.S. retail sales and a smaller-than-expected rise in the Empire State manufacturing survey (more coverage here).…
Citigroup Inc. (NYSE: C) is out with its third-quarter earnings report. Vikram Pandit and friends turned in earnings of $1.06 per share and $19.4 billion in revenue. These results compare to Thomson…
Jon C. Ogg 
