Citigroup gets a black eye in Rusnak caper
Baltimore Sun - JUST WHEN you thought it was safe to walk down Wall Street again without two Dobermans to repel the white-collar muggers, Allied Irish Banks brings new allegations of misdeeds against Bank of America and Citigroup. OK, the purported transgressions
Emerging CME rival shaping up
Chicago Tribune - The Wall Street houses’ most profitable domain is OTC because they’re not paying fees,” Pirrong stated. “Centralized clearing would reduce their benefits.” The investment banks participating in the new exchange declined to comment, routing all
Top headlines
Lexington Herald-Leader - has had his desk hauled away and is working on stacked-up cardboard boxes. The date Dec. 31 is circled in red on a wall Richmond police say he was shot sometime before 2:35 a.m. as more than a hundred patrons at the Cherry Pit, on Second Street
Wall Street spooked by negative outlook for 2008
News.com.au - US EQUITY markets ended a tumultuous 2007 on a downbeat note, retreating in the face of a new year fraught with worries about economic growth, a housing meltdown and tight credit. Wall Street investors were spooked again by housing industry data
Investors reintroduced to volatility
Chicago Tribune - Nonetheless, investors rang out the year in a bad mood, as Wall Street turned the tables on the consensus forecast. “I thought at the beginning of the year that the market was starting to run out of positives,” stated Peter Jankovskis, research
Battle of the Bushes
Salon - Why Wall Street should be more like a cockroach Finance whiz Richard Bookstaber, one of the first to predict the subprime meltdown, says that today’s financial system is dangerously complex. By Andrew Leonard America’s first Me Generation Did Emerson and
For Never-Ever Golfers – Invest 36 Hours and Learn to Play Golf
Cybergolf - Prior to working in the golf industry, Nancy was an attorney for a Wall Street firm and then held a number of senior executive positions with Prudential Financial, including Assistant General Counsel and Vice President of Corporate Marketing
Macy’s among huge movers on Wall Street
Associated Press - The bank is in talks to line up capital from Chinese and Middle Eastern investors in exchange for portions of the company, according to a report. Macy’s Inc., up 39 cents at $25.87 The retailer will close nine underperforming stores that collectively
Citigroup, Merrill Top Wall Street Underwriters in ‘07
CNBC - Citigroup and Merrill Lynch were the world’s top underwriters of stocks and bonds in 2007, measured by volume and reported fees, despite being at the epicenter of the global credit crisis. [ C Loading ( %) ] remained the top
Wall Street sees light at end of tunnel in 2008
Biloxi Sun Herald - The credit crisis that walloped Wall Street this year shows no signs of abating in early 2008, but investors can take some comfort in the fact that the new year brings with it a battle plan. If the last half of 2007 is any indication, the U.S
Wall Street wraps up 2007 in a somber mood, but Dow finishes year with
MSN UK News - Wall Street ended a painful year with another steep loss Monday as investors glumly anticipated that 2008 would see a continuation of the uncertainty and turbulence of 2007. The Dow Jones industrials fell about 100 points but managed to finish 2007
Bad outlooks sink year-end stocks
Chicago Tribune - Stocks ended 2007 on a downbeat note Monday. A report of weak holiday sales via the Internet and a bleaker outlook for 4th-quarter profits by Reuters Estimates helped depress year-end parties on Wall Street. The Dow Jones industrial average fell
Wall Street Wraps Up ‘07 in Somber Mood
Baltimore Sun - NEW YORK - Wall Street ended a painful year with another steep loss Monday as investors glumly anticipated that 2008 would bring more of the uncertainty and turbulence of 2007. The Dow Jones industrials fell 101 points, the latest in a string of
Thursday, December 27
News.com.au - Shares rise on higher commodity prices THE share market shut modestly higher today, despite a flat lead from Wall Street, as investors focussed on a two per cent jump in the oil price and higher commodities prices.
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