Citigroup Inc. (NYSE: C) is announcing something that we are a bit surprised about this morning. It is not quite a shell game, but it is a strategy that rarely works well…
Jon C. Ogg Updated throughout the day. LivingSocial will raise money at a $2 billion valuation (Bloomberg) Zillow has hired Citigroup (NYSE: C) to handle its IPO Douglas A. McIntyre
Douglas A. McIntyre The Congressional Oversight Panel, which was established by Congress in late 2008 to oversee the $700 billion Troubled Asset Relief Program (TARP), today released its 30th and final oversight report. Among its…
Douglas A. McIntyre It was just two years ago today that the U.S. markets reached an absolute bottom. Investors were reeling and the public was literally getting ready for a breakdown of the system. After…
Jon OggThis last week had some key analyst calls that either stood out from the pack, showed some key insight, or which moved shares more than just a garden variety upgrade or…
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…
Updated throughout the day. The SEC is examining the structure of small bank loans to see whether they mask weak balance sheets (WSJ) Blackrock may buy a Citigroup (NYSE: C) consumer credit…
The Treasury expects $6.4 billion from the sales of AIG’s (NYSE: AIG) sale of its MetLift share (Reuters) The government is examining a number of small banks to see if they restructured…
Ben Bernanke may indicate to Congress that the recovery is tentative and that the $600 billion QE2 program is still necessary. (Reuters) Future US auto sales may be undermined by high gas…
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…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. ARM Holdings plc (NASDAQ: ARMH) Raised to Neutral at BofA/ML. CBOE…
Nasdaq OMX may bid for the New York Stock Exchange (NYSE: NYX) (Reuters) Oil reached a 2 1/2 high on Middle East concerns (Reuters) Hewlett-Packard (NYSE: HPQ) made a grim forecast for…
The leading online music streaming service in Europe, Spotify, is reportedly in line to get an injection of $100 million in venture funding as it seeks to launch its service in the…
“Pay Czar” Kenneth Feinberg failed to reign-in Wall Street pay practices, according to a Congressional Oversight Panel report entitled “Executive Compensation Restrictions in the Troubled Asset Relief Program.” The panel did not…
Updated throughout the day. New pension finance treatment could change earnings at AT&T (NYSE: T) and Verizon (NYSE VZ). (Bloomberg) Ally picked Citigroup (NYSE: C), Goldman Sachs (NYSE: GS), JPMorgan (NYSE: JPM),…