The most charitable thing that can be said about Vikram Pandit, the CEO of Citigroup (NYSE:C) since December 11. 2007, is that he was in the wrong place at the wrong time. The bank’s…
Reuters:  China is the key stop on Obama’s tour of Asia. Reuters:  South Korea’s businesses may start to feel more pressure from China competitors.. Reuters:  Hewlett-Packard (NYSE:HPQ) bought 3Com (NYSE:COM) for $3.1…
Yesterday, the Federal Reserve reported that 9 out of 10 bank holding companies that were required to raise additional capital to bolster their balance sheets have successfully done so. Â The Supervisory Capital…
Reuters:Â Â Hurricane Ida is heading toward Gulf oil fields. Reuters:Â Â Kraft (NYSE:KFT) will make its bid for Cadbury. Reuters:Â Â GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) have agreed to an NBCU valuation. Reuters:Â Â The…
It has been some time in the making and won’t be the last IPO or divestiture out of Citigroup Inc. (NYSE: C). The company is proceeding to divest its Primerica Inc. via…
Autodesk Inc. (NASDAQ: ADSK) rallied over 5% to a yearly high of $27.26 after the company’s shares were upgraded to “buy” by Kaufman Brothers LP, who set their 12 month price target…
There are a number of ways to rank brand values. One of the most important is the level at which a brand contributes to the market value of a public company. 24/7…
Updated throughout the day. Updated 1.39 PM EST: Charles G. Ward, III, a senior executive at Lazard (NYSE:LAZ) will be named interim CEO at the company pending the recovery of Bruce Wasserstein. (various)…
There have been many ways which companies exit bankruptcy court. Historically, many companies have used tax loss carryforward strategies as well. But selling a claim against assets for recovery in bankruptcy is…
These are this Thursday morning’s top 10 Wall Street research calls we have seen in the land of upgrades, downgrades, and initiations: Adobe Systems (NASDAQ: ADBE) Raised to Outperform at RW Baird.…
We are seeing a very mixed picture among the analyst calls this morning over banks and financial stocks. We are seeing some very positive “BUY” calls and we are also seeing some…
Reuters:Â Â GM says most of its cost cutting is done and its sales chief left. Reuters:Â Â Spot gold hit a record above $1,050. Reuters:Â Â The Senate healthcare bill weighs in at $829…
Updated throughout the day. Updated 2:44 Dell Inc. (NYSE: DELL) will launch a branded Android smartphone thru AT&T Inc. (NYSE: T) and possibly other carriers next year. Source today is from WSJ,…
Short sellers posted a mixed record on big banks. Short interest in Citigroup (C) plunged by 73% to 177.5 million shares. The short interest in Bank of America (BAC)Â was down 18% to…
Reuters:Â Â The G20 is taking center stage in the new economic world order. Reuters:Â Â Bank losses from large syndicated loans will hit $53 billion this year. Reuters:Â Â One Fed governor said the…
