CNBC reported that Citigroup (C) could have a $24 billion write-off. The source for that report is not clear. Last week, Goldman Sachs said Citi might have to take a charge of…
According to Reuters, CNBC is reporting that Citigroup (C) could write-down $24 billion. Reuters writes that automakers face big hurdles in 2008. Reuters reports that the $200 billion Kuwait Investment Authority had…
After a huge sell-off of Countrywide (CFC) shares that forced the company to deny it was in deep trouble, shares of another weak financial firm, E*Trade (ETFC) are off 20% and have…
Saudi Arabia is sick of the big sovereign funds in China and Abu Dhabi kicking sand in its face. The country plans to put a fund in place that will "dwarf Abu…
Whether or not the markets comply going into year-end is a completely different issue. But these brokerage stocks look like they are trying to find a bottom as they throw out all…
The press has focused on mortgage-based CDOs and the huge write-offs that investment banks and commercial lending companies have had to take because of the subprime market falling apart. Morgan Stanley (MS)…
Douglas A. McIntyre Below is a summary of many of the top headlines and news bits from individual stocks affecting share prices in pre-market trading this Wednesday: Actuant (ATU) $0.52 EPS vs $0.48 estimate. ADC…
Morgan Stanley (MS) posted a fourth-quarter loss after recording bigger-than-expected write-downs on assets hit by the credit crunch, and said it sold a $5 billion stake to China Investment Corp to boost…
Douglas A. McIntyre Today, energy industry sage T. Boone Pickens was opening his new facilities for LNG conversion to fuel in California for his Clean Energy Fuels Inc. (NASDAQ: CLNE). He came on CNBC and…
24/7 Wall St. has evaluated over 200 CEOs in order to select it CEO of the Year. Six finalists were chosen from the list. The measurements were based on company stock performance…
According to the FT, the board at Citigroup (C) tried to get Josef Ackermann, the head man at DeutscheBank (DB) to come to the US bank as CEO. He said no. There…
It is never good news when a home-builder sells a big portion of its real estate. Lennar (LEN) sold 11,000 home sites for $525 million. A company controlled by Morgan Stanley (MS)…
Looking around the wreckage of some of the big cap companies it is not hard to find a few CEOs who probably need to go back to business school. Wall St. would…
According to Reuters, Fed chief Bernanke said the resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy. Reuters writes that Dell’s (DELL) profit rose but if…
Just think about it. Stocks with multi-billion market caps down 40% this year. Merrill (MER) and Bear Stearns (BSC) are down about that much. Lehman (LEH) is down 20% and Morgan Stanley…