Among the companies whose shares are actively trading in Wednesday’s session are
BCE Inc. (BCE), General Motors Corp. (GM) and Citigroup Inc. (C).
The $42 billion takeover of BCE ($20.44, -$10.84, -34.65%) was jeopardized
Wednesday morning when the company warned it might not be able to meet the
conditions of the merger agreement. Investors bet that the planned leveraged
buyout [...]
NEW YORK (Dow Jones)–Citigroup (C) survived last week’s stock plunge with its
earnings power intact and, with the governments move last weekend to boost the
giant banks capital levels and insure billions of dollars in assets, is able to
absorb future losses without further help, Chief Executive Vikram Pandit said
Tuesday in an interview with Charlie Rose.
The intervention over [...]
BOSTON (MarketWatch) — The economy is in the tank, the stock market has been
suffering, it’s no fun dreaming of a tight(wad) Christmas, and yet here we are at
the end of November, supposed to be thankful for the bounty before us.
On the surface, that’s a daunting task. Being grumpy and concerned is easy right
now.
But it’s the [...]
Don’t even be concerned by their BS (balance sheet).
The real problem is the OBS (off balance sheet), they still try to pretend represents assets and not liabilities. They, together with almost ALL the rest of the banks, are awaiting the crush that will come when they are eventually forced to bring their OBS greed [...]
LONDON (MarketWatch) — In times of war, hoarding food is illegal.
In a financial crisis, so should hoarding of cash by banks.
Seemingly every day, governments are announcing fresh initiatives — bank deposit
guarantees, rate cuts, capital injections.
But what’s the private sector doing, besides panicking and pleading for
assistance?
Now it’s time for the banks to do their part, certainly [...]
LONDON, July 18 (Reuters) - Stocks trimmed earlier losses and the dollar rose while European government bond futures hit session lows on Friday after Citigroup (C) reported better-than-expected results for the second quarter.
Citi reported a second-quarter loss per share of $0.49, higher than forecasts of around $0.61-67. It took credit costs of $7.2 billion [...]
* American International Group (AIG) said it will take $5 billion in losses of sales of investments from a dozen insurance units hurt by the subprime situation. AIG plans to inject some capital into these subsidiaries, according to Christopher Swift, vice president for life and retirement services.
[...]
Citigroup says most Old Lane investors to withdraw
By Andria Cheng, MarketWatch
Last Update: 1:37 PM ET May 3, 2008
NEW YORK (MarketWatch) — Banking giant Citigroup Inc. said most of the
unaffiliated investors in its Old Lane hedge fund will opt to withdraw their
investments.
In April, almost all of the unaffiliated investors had notified Old Lane of their
intention to [...]
FOCUS: Santander Boss Shrugs Off Spain Woes
Last Update: 4/28/2008 12:53:04 PM
By Christopher Bjork
Of DOW JONES NEWSWIRES
MADRID (Dow Jones)–By diversifying in growth markets and keeping away from
exotic investments, Banco Santander SA (STD) Chairman Emilio Botin wants to set
his bank up for a strong year as chief rivals have fallen [...]
Brazil’s Oi Sees Brasil Telecom Takeover Deal Signed Friday
Last Update: 4/25/2008 10:39:20 AM
SAO PAULO (Dow Jones)–Tele Norte Leste Participacoes (TNLP4.BR), or Oi, expects
to sign an agreement to take over smaller local rival Brasil Telecom
Participacoes (BRTP4.BR) later Friday, ending months of negotiations, it said in
a release.
However, due to the complexity of the deal and size of [...]
Stock Rating Reiterations: AAPL AF CAT CATY CRNT CERN
Last Update: 4/21/2008 10:30:00 AM
Rating reiterations for April 21 from Briefing.com:
Company Symbol Brokerage Firm Reiterations
Apple [...]
Merrill Lynch Sells Second Largest Bond Of 2008
Last Update: 4/22/2008 5:45:12 PM
By Kellie Geressy
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–The bank and finance sector continued to reign supreme in
the high-grade market on Tuesday, as Merrill Lynch & Co. (MER) sold one of the
largest bonds this year.
Second only to [...]
NEW YORK, Apr 21, 2008 (BUSINESS WIRE) — The Board of Directors of Citigroup (C)
today declared a quarterly dividend on the company’s common stock of 32 cents per
share, payable on May 23, 2008, to stockholders of record on May 5, 2008.
The Board also declared dividends on preferred stock as follows:
- 6.5% Non-Cumulative Convertible Preferred Stock, [...]
Former U.S. Treasury Secretary Robert Rubin said the weak dollar, caused by
“unsound” Bush administration fiscal policy, has now got to be a factor in the
Federal Reserve’s thinking about how low it can cut interest rates to spur
economic growth in coming months.
Rubin said the Bush administration’s “unsound fiscal regime” has hurt the dollar
and this has created [...]
NEW YORK (MarketWatch) — Concerns about the impact of the credit crisis and the
weak economy will come into sharp focus next week, with investors set for a flood
of earnings from ailing financials as well as the technology sector.
Among earnings highlights will be J.P. Morgan Chase (JPM), Merrill Lynch (MER),
Citigroup (C), Washington Mutual (WM), Intel (INTC), [...]
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