Reuters:  Pandit bought time at Citigroup (C) with a management reshuffle. Reuters:  Obama’s healthcare and climate plans are running into resistance. Reuters:  AIG (AIG) will pay more executive bonuses in July. Reuters:  …
Citigroup Inc. (NYSE: C) is announcing some key management changes. While this is not a CEO change as many expect to ultimately see, this is still a rather large shake-up and is…
Douglas A. McIntyre Reuters:Â Â The promise of mobile TV is being destroyed by smartphone use of software applications. Reuters:Â Â More attacks on websites in the West are expected and North Korea is suspected. Reuters:Â Â China…
Reuters:Â Â Small banks are worried that new regulations will hurt their earnings. Reuters:Â Â A judge approved the sale of GM assets. Reuters:Â Â Rio Tinto (RTP) sold its food packaging assets for $1.2…
There is still some conversation about the federal government restricting short-selling activity in certain stocks. The counterargument to these restrictions is that short selling plays an important role in the valuation of…
Citigroup (C) plans to increase fees on credit cards and it willaffect nearly 15 million of the bank’s customers. The action leaves the federal government in a bind. It owns options to…
Douglas A. McIntyre Reuters:Â Â California raced to approve a state budget its cutting deficit. Reuters:Â Â Ten more people may face charges in Madoff case. Reuters:Â Â Gannett (GCI) is laying off 1,000 more people. Reuters:Â Â China…
Short sellers jumped out of major financial shares but piled into the stocks for major industrial firms based on data as of June 15. Shorts clearly think the restructuring of the bank…
Reuters:Â Â Political battles are likely to make this a tough year for the Fed. Reuters:Â Â The head of Toyota (TM) warned of two more tough years. Reuters:Â Â Lawmakers accused Fed of a…
John Mack of Morgan Stanley (MS) made sure that he had a large base salary for this year, even though his firm nearly fell apart last year. The management of Citigroup (C)…
The federal government has set up a number of systems to effectively control the financial and credit systems along with most of the major firms that operate in the sector. The most…
Reuters:Â Â The head of a Congressional watchdog committee is pushing for a consumer protection agency. Reuters:Â Â China defended its export policies against a WTO complaint. Reuters:Â Â Citigroup (C) intends to raise the…
Deutsche Bank says that the commercial real estate market in America will not recover until 2017. Richard Parkus, Deutsche Bank head of Commercial Mortgage-backed Securities and Asset-Backed Securities Synthetics Research, told Reuters…
Reuters:  Airlines are cutting back on first class seating. Reuters:  Xstrata wants merger talks with mining rival Anglo American. Reuters:  Employers are cutting 401 (K) plans. Reuters:  Brand loyalty is being hurt by…
Citigroup, inc. (NYSE: C) is back under focus by an old bull in the stock. Dick Bove of Rochdale Securities has started coverage of the troubled bank with a BUY rating and…
Douglas A. McIntyre 