Updated throughout the day. The SEC may file civil fraud cases against credit rating agencies (WSJ) Citigroup (NYSE: C) has not been able to sell its CitiFinancial unit (FT) William Ackman may…
Douglas A. McIntyre Bill Ackman and his Pershing Square could soon become a much more formidable activist when it comes to dealing with companies. Target Corporation (NYSE: TGT) might have not been one of Ackman’s…
Hackers attacked the CIA website. (Reuters) Citigroup (NYSE: C) said data on 360,000 customers was stolen nearly a month ago. (Reuters) Greek debt and concerns about economic slowdown hurt stock prices worldwide.…
Obama has tried to get the business community to support his concern that the lack of approval of an increase in the debt cap would be a catastrophe (Reuters) A former head…
Bank of America Corporation (NYSE: BAC) has found itself as the king of the mortgage mess after it decided to acquire Countrywide. By acquiring the company’s corpse rather than trying to just…
When investors get nervous, the one stock market segment that finds attention is “value funds” as investors look for protection but can still get upside of the stock market. Following the recent…
Twitter has, by most estimates, 225 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Douglas A. McIntyre A blue ribbon jobs council told Obama to put fewer restrictions on construction and make it easier for tourists to visit the US. (Reuters) Indonesia backed LeGarde for IMF chief. (Reuters) Trouble…
American Electric Power received bad press because it shuttered some coal facilities and will lay-off workers. Toyota said its profits will fall 35% The Washington Post’s Kaplan division will cut staff as…
In the 1990s, Kevin Mitnick was the most wanted cyber-criminal in the world. These days, Mitnick is wanted for another reason — his expertise. Demand for Mitnick’s services as security consultant —…
Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
The Financial Times reports that hackers have gained access to a number of Citigroup (NYSE C) credit cards numbers which belong to the bank’s customers. “The bank said that about 1 per…
Congressional leaders will consider tax cuts as part of talks on an increased US debt cap. (Reuters) Citigroup (NYSE: C) said hackers gained access to data on bank cards. (Reuters) St Louis…
Stock splits usually bring back memories of the old tech bubble and dot-com bubble. Fundamentally, nothing changes at the company other than that smaller investors get to invest in shares at a…
ING Groep NV (NYSE: ING) is all over the news this morning after reports that its online U.S. bank assets may fetch as much as $9 billion. Bloomberg has reported that General…
