Reuters: The Nikkei topped 11,000 for the first time since October 2008 Reuters: The White House will announce housing aid for those having difficulty with making their mortgage payments. Reuters: A Fed…
Updated throughout the day. The Treausury Department may begin to sell its 27% stake in Citigroup (C) (Bloomberg) Billionaire Nelson Peltz will not try to buy CKE Restaurants, owner of the Hardee’s and…
Douglas A. McIntyre Reuters: EU leaders are divided on Greece before their summit. Reuters: Changes in the health care bill will go back to the House. Reuters: China described interest rates as a “heavy-duty weapon”…
Reuters: Google (GOOG) risks China’s wrath by its challenge to censorship Reuters: China expressed both regret and anger at Google’s move. Reuters: The head of the Chicago Fed said the agency will…
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) is a smart enough company that it should have known better about one issue. It was smart on another. The troubled online broker has finally announced it…
Jon C. Ogg One analyst who looked at the credit card delinquency rates for February noted that the figures appeared to be improving, but that they might be seasonal. It is another way of saying that they might…
Citigroup (C) CEO Vikram Pandit, recently hailed for turning the bank around after over a year of being blamed for its demise, only made $128,751 last year in total compensation, down from…
Douglas A. McIntyre Updated throughout the day. Citigroup (C) may earn $20 billion in 2012 (FT) Macquarie Group, Australia’s largest investment bank, is on the hunt for more U.S. assets. (Bloomberg) Regulators have told Bank…
Reuters: BP (BP) bought Devon for $11 billion to get access to its oil fields. Reuters: Toyota (TM) give a Senate panel a memo from a union seeking better quality control. Reuters: …
It was less than two years ago that defunct business magazine Portfolio named Citigroup(C) CEO Vikram Pandit one of the twenty worst CEOs of all time. Pandit may be about to jump on the…
Douglas A. McIntyre Updates throughout the day. AIG (AIG) has developed a new system for paying management bonuses (NYT) “While banks like JPMorgan and Goldman Sachs have enough liquidity to consider raising dividends or buying back…
On the tenth anniversary of the tech bubble of 2000, short sellers aggressively dropped their bets against hardware, software and internet companies. Figures are from February 28. The short interest in Apple…
Reuters: Democrats may miss their goal to vote on healthcare reform. Reuters: China exports rose 46% in February. Reuters: China’s Geely raised money to buy Volvo. Reuters: Strong Chinese trade data made…
American International Group, Inc. (NYSE: AIG) is seeing a significant trading event today. Today’s news is rumor-driven on top of related news-driven trading. What is odd is that there is now potentially…
Updated throughout the day. Microsoft (MSFT) will launch a phone with Verizon Wireless. (Gizmodo) Swiss commodity trader Glencore bought back its Prodeco coal operations in Colombia from mining group Xstrata and is looking for partners…