According to Reuters, a survey of 22 countries show three-quarters of households cutting spending and a sharp drop of confidence in emerging economies. Reuters writes that the US sold record debt and…
Sirius (SIRI) traded down to $.20 on concern that a bankruptcy at GM (GM) could ruin its already troubled business. The 52-week high is $2.94. Citigroup (C) Still concerns that bank can…
Osiris Therapeutics (OSIR) started the day with a big surge. More details. Animal Health (AHII) may be one of the worst performing stocks today. Financial giant CIT (CIT) may have one of…
Frankly, we think the ban on short sales is not the right way to run a free market. But it doesn’t matter what we think. These are the new rules, but they…
CIT Group Inc. (NYSE: CIT) is going to be one of today’s winners in the financial services sectors. So it looks as of this morning. The company has sold two home lending…
Douglas A. McIntyre The short interest in most large stocks traded on the NYSE increased as measured on March 14. The figures compare to February 29. Car stocks were hit especially hard. Shares short in…
CIT Group Inc. (NYSE: CIT) has announced that it is drawing upon its $7.3 Billion in unsecured U.S. bank credit facilities. The Company will use the proceeds to repay debt maturing in…
Douglas A. McIntyre Bear Stearns (BSC) For those not on the planet today, firm was bought out by JP Morgan (JPM). Shares fall to $2.84 from 52-week high of $159.36. Lehman Brothers (LEH) Fall out…
Thornburg Mortgage (NYSE: TMA) Fear of Chapter 11. Falls to $1.26 from 52-wek high of $28.40. CIT Group (NYSE: CIT) Lehman Brothers cuts price target. Drops to $15 from 52-week high of…
AOB started as Outperform at CIBC.AUY started asOutperform at Credit Suisse.BGFV cut to Sector Perform at CIBC.BJ raised to Equal Weight at Lehman.BLK started as Outperform at Wachovia.CCL raised to Overweight at…
