Shares in Citigroup (C) fell to close to $1 during the Latin American loan crisis in the 1970s. During the market difficulties beginning in 1987, the stock fell from $4.50 to $1.40…
These are not the only analyst calls impacting individual share prices, but these are the ones that 247WallSt.com is focusing on: Charles River (NYSE: CRL) downgraded from Buy to Neutral at UBS.…
Well, some one with a pen and paper thinks that Citigroup (C) may be taken over. According to FT blog site Alpahville, JP Morgan (JPM) may be just the folks to do…
Blackstone (BX) is making a bid for miner Rio Tinto (RTP), at least according to The Telegraph. Rio has a market cap of over $150 billion, and will probably be sold at…
According to Reuters, UBS (UBS) will writes down about $10 billion in subprime financial instrument and raise new capital from sources including the Singapore government. Reuters reports that Blackstone (BX) is preparing…
Jamie Dimon, head of JP Morgan (JPM), predicts that there will be a large number of bank mergers, especially in the US and Germany. Dimon may be right. It makes sense for…
According to Reuters, the former head of UnitedHealth gave up $400 million in stock options to settle chages with the SEC and the company. Reuters writes that the head of Rio Tinto…
According to Reuters, a study by America’s Research Group says most shoppers will wait to buy until late in the month, looking for sales. Reutes writes that Nasdaq (NDAQ) has opened its…
According to The Wall Street Journal "Debt-rating agency Moody’s Investors Service, signaling a new turn for the worse for some bank-affiliated funds, said it downgraded or put on review debt totaling $119…
Citigroup (C), JPMorgan (JPM), and Bank of America (BAC) want to raise a fund worth $80 billion to make short-term loans to SIVs that do not currently have a market for many…
HSBC (HBC) is taking $41 billion in SIV assets onto it balance sheet, a move that could pressure US banks like Citigroup (C) to follow. Bloomberg writes "investors in the SIVs will…
Oil is not at $200. It trades just below $100, and there are some reasons it could drop. The economies in the US and Europe are probably slowing, which should bring down…
According to Reuters, the Fed’s decision to make an October rate cute was a "close call." Reuters writes that Paulson said home loan defaults will be much higher in 2008. Reuters writes…
According to Reuters, BHP Billiton (BHP) will not sell its petroleum division, as had been rumored, to finance a bid for Rio Tinto (RTP). Reuters writes that most of the Hershey (HSY)…
Citigroup (C), JP Morgan (JPM), and Bank of America (BAC) are closer to setting up their "super fund" to supply short-term loans to structured investment vehicles, pools of money which are made…
