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24/7 Wall Street, Sep 03, 2010 / Perhaps the biggest news of the week was that J.P.Morgan Chase & Co. (NYSE: JPM) was closing down its proprietary trading operations.
Stocks to Watch Today - Barron's, Sep 03, 2010 / Michael Mayo , the CLSA analyst who's been arguing Citi isn't accounting properly for deferred tax assets, on Monday wrote that Citi is, "a company that is not willing to handle an independent, critical view. If so, we ask whether Citi today will similarly find it difficult to handle internal dissent."
Daily Intelligencer, Sep 02, 2010 / Citibank has been racking up a string of minor scandals of late , most recently for freezing out Michael Mayo , an analyst who pointed out that the company violated accounting rules to make itself look profitable.
24/7 Wall Street, Sep 02, 2010 / When historians write the definitive account of the Great Recession in coming decades, one of the major questions they will tackle is why the government decided to allow Lehman Brothers go bankrupt and AIG (NYSE: AIG) to survive thanks with a $182 billion bailout.
Grace Cheng's Forex Blog, Sep 02, 2010 /
StreetInsider.com, Sep 02, 2010 / Citigroup upgrades PPL Corporation (NYSE: PPL ) from Hold to Buy. Shares of PPL closed at $27.85 yesterday, with a 52-week range of $23.75-$33.05.
DealBook - The New York Times, Sep 02, 2010 / Citigroup will cut in half the minimum balance on checking accounts with the highest level of service, in a push to get more customers to use the bank for their primary accounts, Bloomberg News reported.
BloggingStocks, Sep 01, 2010 / Starting with the collapse of our largest bank, Citigoup Inc. ( C ), our largest insurance company American International Group ( AIG ), and our largest automobile company General Motors, all three have sold off assets, improved balance sheets, reorganized management and re-entered positive earnings territory.
24/7 Wall Street, Sep 01, 2010 / The Institute for Policy Studies, a progressive think tank, has published its 17th annual survey of CEO compensation , noting, among other things, that CEOs of the 50 firms that have laid off the most workers in 2009 took home 42% more pay than CEOs at S&P 500 firms as a group.
Schaeffer's Trading Floor Blog, Sep 01, 2010 / Intel Corp. (INTC), Exxon Mobil Corp. (XOM), Citigroup Inc. (C), and Schlumberger Ltd. (SLB) were among those stocks seeing a skew toward call buying on Monday.
StreetInsider.com, Sep 01, 2010 / Citigroup upgrades Teekay Offshore Partners LP (NYSE: TOO ) from Hold to Buy. Shares of Teekay Offshore Partners LP closed at $21.25 yesterday, with a 52-week range of $13.47-$24.08.
DealBook - The New York Times, Sep 01, 2010 / Citigroup plans to almost triple its workforce in China by hiring up to 7,500 people in the next three years, Reuters said , citing a Bloomberg interview with an executive published on Tuesday.
24/7 Wall Street, Sep 01, 2010 / Burger King (NYSE: BKC) is considering a private equity buy-out.
StreetInsider.com, Aug 31, 2010 / Citigroup Inc. (NYSE: C ) plans to nearly triple its Chinese workforce to 12,000 in the next three years as it guns for rival HSBC, co-CEO of the region Stephen Bird said in an interview with Bloomberg.
Grace Cheng's Forex Blog, Aug 31, 2010 / Some private investors are reportedly considering an offer for Saks (NYSE:SKS) .
VC Circle - India's Deal Chronicle, Aug 31, 2010 / Nayyar, who was the MD of investment banking at Citigroup Global Markets, joins Religare Capital Markets.
StreetInsider.com, Aug 31, 2010 / Analysts at Citigroup said they expect Sanofi (NYSE: SNY ) to buy Genzyme (Nasdaq: GENZ ) for $74-$77 per share, above the current bid on the table of $69.
American Consumer News, Aug 30, 2010 / Homeowners still struggling to make mortgage payments are facing even more trouble as more home loan trial modifications are being canceled.
Stocks to Watch Today - Barron's, Aug 30, 2010 / The war of words around Citigroup ( C ) and CLSA analyst Mike Mayo takes another wrinkle today as Mayo sent out a note to clients detailing why he thinks Citi "can't be trusted," as Fox Business Network's Charlie Gasparino puts it in a write-up.
Schaeffer's Trading Floor Blog, Aug 30, 2010 / Citigroup Inc. (C), Seagate Technology (STX), Ford Motor Company (F),and Hewlett Packard Co. (HPQ) were among those stocks seeing a skew toward call buying on Friday.
Telegraph - London - UK, Aug 24, 2010/ The attack comes amid two days of fighting that have killed at least 40 civilians and wounded more than 130 in the capital according to Ali Muse, the head of Mogadishu's ambulance service.
The Seattle Times - Seattle WA, Aug 24, 2010/ A small passenger plane heading to the Mount Everest region crashed in heavy rain Tuesday outside Nepal's capital, killing all 14 people aboard, including four Americans, a Briton and a Japanese national, officials said.
MarketWatch, Aug 24, 2010/ Scottish-headquartered oil exploration group Cairn Energy reported Tuesday that it sharply reduced net losses for the first half of the year, saying its first well in Greenland is showing signs of promise.
The Palm Beach Post - Palm Beach FL, Aug 24, 2010/ World stock markets retreated Tuesday as the strong yen knocked Japanese shares and investors anticipated more bad news from U.S. economic reports this week.
The Daily Mirror - London - UK, Aug 24, 2010/ Two Britons were rescued from a horrifying bus siege in which eight hostages died yesterday after a sacked policeman made a crazed attempt to get his job back.