According to Reuters, Obama spoke about the economy with optimism as his aides defended the budget. Reuters reports that a Senate panel will question Swiss banking’s secrecy policy. Reuters reports that foreclosures…
GE (GE) Growing concern that financial division will have heavy write-offs. Drops to $6.85 from a 52-week high of $38.52. MetLife (MET) One of many insurance companies being pulled down by AIG (AIG).…
Back in mid-February we discussed the latest trend of big-name companies slashing their dividends and how the trend will likely grow. Well it is growing, and fast. In this horrible market, dividends…
Fotowatio, a Spanish firm owned by a consortium including General Electric Company (NYSE:GE), has purchased several solar farms from US firm MMA Renewable Ventures, a unit of Municipal Mortgage & Equity LLC,…
Douglas A. McIntyre According to Reuters, too much dependence on government aid could cause a second recession when the companies are forced to stand on their own. Reuters reports that Obama is considering funds to…
Citigroup (C) Still fears of nationalization or a larger bailout. Falls to $1.15. from a 52-week high of $27.35. GE (GE) Market not comforted that GE’s financial services are is not in…
General Electric Co. (NYSE: GE) insiders are buying shares of their battered company stock. Two Form-4s filed with the SEC show that CEO Jeff Immelt and Vice Chairman Michael Neal each bought…
Douglas A. McIntyre Clearly feeling the need to debase themselves further after their role in the subprime mortgage mess, the two major credit agencies are signaling that they will hold their ratings on AIG (AIG) …
On reading Warren Buffett’s much-anticipated letter to Berkshire Hathaway’s shareholders, one can’t avoid being struck by his faith in the ability of the American people to overcome adversity and to move the…
We already noted what is happening to the General Electric Co. (NYSE: GE) dividend. The company’s plans to save $9 billion from the $0.31 dividend cut being taken down to $0.10 is…
Douglas A. McIntyre Citigroup (C) Government will take a 36% share. Drops to $1.42 from 52-week high of $27.35. AMBAC Inc (ABK) Market hates it earnings. Drop to $.56 from 52-week high of $12.37. Synta…
General Electric Co. (NYSE: GE) is finally cutting its dividend. We predicted this, and it has finally come to pass. We said that a cut in half could save $5 billion per…
Douglas A. McIntyre Everyone wants to know what the Oracle of Omaha is up to. The great Berkshire Hathaway Inc. (NYSE: BRK-A) stock has proven to be far from immune to the woes of the…
Investors have deserted GE’s stock over the last week like draft dodgers fleeing to Canada. The firm’s shares fell more than 20% over the five trading days, and now sit near a…
Deutsche Bank cut its price target on General Electric (NYSE: GE) from $17 to $12, saying it is prudent to value GE Capital at zero. The firm sees a modest breach of…
Douglas A. McIntyre