The Citigroup Death Watch continues, according to the Journal: The sell-off in Citigroup shares has led executives to start laying out possible contingency plans. In addition to pondering a move to sell the entire company to another bank, executives have started exploring the possibility of selling off parts of the firm, [...]
The Dow Jones is down 21.5% since Election Day. Is this a wallet vote on Obamanomics or merely a coincidence given the market turmoil in September and October? Something else I’ve noticed: during the campaign when the economy wasn’t that bad the Democrats kept using the “R word” (recession). Now that the economy [...]
Ron Paul failed to wipe the floor with Bernanke in the last Congressional Hearing. Here’s why. Shift tactics next time! by Jake, the Champion of the Constitution Originally published November 20, 2008 at http://www.nolanchart.com/article5511.html Although I greatly admire Ron Paul’s ideas, as I watched the latest RP [...]
Tokyo stocks extend losses over Wall Street plunge November 21st, 2008 - 10:13 am ICT by IANS - Tokyo, Nov 21 (DPA) Tokyo stocks extended losses Friday after Wall Street plunged overnight and the global slowdown deepened.The Nikkei 225 Stock Average lost 170.93 points, or 2.22 percent, to 7,532.11. The … [...]
Legendary investor Jim Rogers talked to some British financial publications recently about his latest investment outlook. On Tuesday, the transcript of an exchange between the former partner of George Soros and the Financial Times (UK) appeared on their website. Rogers indicated that he was bearish on the U.S. dollar, going so far as to [...]
Citigroup eyes options including merger (Reuters) Posted by: Reuters - Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor. [...]
SAIL ( Steel Authority Of India ) Action Trigger Price Stop Loss Target-1 Target-2 BUY ABOVE 58.5 57.8 60.5 62.6 S.SELL BELOW 57.2 58.1 56 53.3 IVRCLINFRA ( Ivrcl Infrast And Proj Ltd.) Action Trigger Price Stop Loss Target-1 Target-2 BUY ABOVE 118.2 115.5 125 133 S.SELL BELOW 114 116 108 100 UNIONBANK ( Union [...]
As many as 21 000 people employed by or dependent on income from the platinum mining and supplier industries could experience a body blow in the month ahead. Lonmin, the world’s third-largest platinum mining firm, is closing some of its local platinum mines and will halt two key projects because of a 64 percent fall [...]
Trent Limited M Cap: Rs 586cr Reliance Equity Opportunities Fund bought 75,000 shares of Trent last fortnight, increasing its holding in Tata group’s flagship retail company to 5.18 per cent (10.13 lakh shares). At Rs 300, the stock is down 64 per cent from its 52-week high of Rs 829 on December 27,2007.Trentoperatesa chain of [...]
Zee Entertainment M Cap: Rs 6,310cr During the last fortnight, Oppenheimer Funds Inc bought 11.63 lakh shares, increasing its stake in the company to 10.2 per cent. Average trading volumes declined by more than 51 per cent to 2.76 lakh shares during the period and average delivery also declined to 36 per cent from 51 [...]