Money Morning (Free subscription) | 07/21/2008
By Jennifer Yousfi Managing Editor Bank of America Corp. (BAC) shares soared yesterday (Monday) as it followed Citigroup Inc.’s (C) lead to become the fourth large domestic bank to beat Wall... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first.
Mish's Global Economic Trend Analys (Free subscription) | 07/23/2008
Reuters is reporting WaMu has $3.33 bln loss, may be cut to "junk" . Washington Mutual Inc. the largest U.S. savings and loan, posted a $3.33 billion second-quarter loss on Tuesday as souring mortgages forced it to set aside more money for loan losses. "We are planning for continued softness in housing for the next several quarters," Chief Executive Kerry Killinger said in an interview. "The capital...
Mombasa (Free subscription) | 07/21/2008
July 21 (Bloomberg) -- Vikram Pandit walks through the white stone Mexico City headquarters of Grupo Financiero Banamex SA, past Diego Rivera 's 1942 Calla ...
Hispanic Business Magazine (Free subscription) | 07/18/2008
In figures which were better than analysts' projections, US banking giant Citigroup Inc.reported Friday it lost 2.5 billion dollars in the second quarter amid credit losses and write-downs in the troubled financial market....
John Hope Bryant (Free subscription) | yesterday
If high credit-card debt is dragging you down, it's time to start living on a budget High credit-card debt is one of the biggest issues facing consumers, says Dara Duguay, director of Citigroup Inc.'s Office of Financial Education. "If people...
PR News Wire (Free subscription) | yesterday
NEW YORK, July 24 /PRNewswire/ --- The American Stock Exchange(R) (Amex(R)) today listed the units of North Asia Investment Corp. under the ticker symbol NHR.U. The offering size is 5,000,000 units at $10.00 per unit for gross proceeds of $50,000,000 (excluding the underwriters' over-allotment option). Each unit consists of one share of common stock and one warrant. Initially, the units will be the...
PR News Wire (Free subscription) | yesterday
IRVINE, Calif., July 24 /PRNewswire/ -- FiSpace.net, which provides social networking tools for investors, announces the availability of blogs, message boards, and articles regarding the current tumult in the banking industry and related to Wachovia Corporation (NYSE: ), Washington Mutual, Inc. (NYSE: ), U.S. Bancorp (NYSE: ), Wells Fargo & Company (NYSE: WFC), Citigroup Inc. (NYSE: ) and SunTrust...
YHOO - BloggingStocks (Free subscription) | 07/23/2008
Filed under: Earnings reports , Yahoo! (YHOO) , Citigroup Inc. (C) , Bank of America (BAC) , Wachovia Corp (WB) , Washington Mutual (WM) It's officially a trend because it's happened more than three times -- a bad financial report leads to a spike in stock prices. (I posted here and here about this phenomenon with Citigroup (NYSE: C ) and Bank of America (NYSE: BAC ) respectively). Now, the New York...
Today's Tribune-Review (Free subscription) | 07/23/2008
Allegheny Energy Inc. has instructed financial institutions BNP Paribas and Citigroup to market a $550 million, seven-year term loan the Greensburg-based energy company will use to help finance the $1.2 billion Trans-Allegheny Interstate Line.
This Week With Barack Obama (Free subscription) | 07/23/2008
obama and king abdullah II in jordan :: WAMU or Washington Mutual in trouble I once worked for Washington Mutual, the mortgage portion to be precise, so it is not a surprised to see this bank being taken down by deliquent mortgages. Washington Mutual Inc., the biggest U.S. savings and loan, reported a 3.3 billion second-quarter loss on uncollectible loans as a record number of borrowers were
Cebu Entrepreneur (Free subscription) | 07/23/2008
Washington Mutual Inc., the largest in the United States savings and credit, has a $ 3.3 billion in the second quarter, a loss on bad loans as a record number of borrowers unable to make the development of mortgage payments. The loss of $ 6.58 a share, compared to a net profit of $ 830 million, [...]
AAPL - BloggingStocks (Free subscription) | 07/21/2008
Filed under: Apple Inc.(AAPL) , Citigroup Inc. (C) , Bank of America (BAC) , Wachovia Corp (WB) , Options Wachovia (NYSE: WB ) is recently up 68 cents to $13.65. WB is scheduled to report Q2 EPS on July 22. WB call option volume of 50,778 contracts compares to put volume of 61,557 contracts. WB August option implied volatility of 141 is above its 26-week average of 58 according to Track Data, suggesting...
MarketBeat (Free subscription) | 07/22/2008
So much for boosting stocks on earnings news that isn’t as bad as expected. A number of earnings reports out following Monday’s close and today’s open are indeed, bad as expected — or worse — and it looks set to take a toll on the market. Shares of Apple Inc. were down 9.8%, as this [...]
Vietnam Business Finance (Free subscription) | 07/21/2008
Nguyen Hoang Son, a foreign-exchange trader at Citigroup Inc. in Ho Chi Minh City, spoke on the outlook for Vietnam's dong. The local currency gained 0.9% today, the most sInc. April 1999, to 16,640 a dollar at 4:46 p.m. in Hanoi, according to data compiled by Bloomberg. The Southeast Asian country Inc.eased retail prices of gasoline by 31 percent and kerosene by 44 percent today. ``A lot of
MarketBeat (Free subscription) | 07/18/2008
The new era of good feelings is set to continue Friday morning after a slew of earnings reports out of major bellwether companies, but not every firm is being lifted by the generally better-than-expected news. Futures are set to move higher, led by the likes of Citigroup Inc., which, despite a $7 billion write-down, is up [...]
