Citigroup Inc
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A group led by hedge-fund manager Bill Ackman is reportedly set to buy a Manhattan penthouse for more than $90 million.
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As Visa’s expected public offering approaches, will the company’s IPO draw the attention that was anticipated? Here is some data on Visa, its business and its competitive position.
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A fire sale of Bear Stearns stunned Wall Street and pummeled global financial stocks on Monday on fears that few banks are safe from deepening market turmoil.
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Stocks plunged at the opening bell Monday as investors were spooked by the cash crisis at Bear Stearns that forced its sale for $2 a share to JP Morgan Chase.
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H&R Block up 5 percent as Wilbur Ross has agreed to acquire Option One's Servicing Business for $1.1 Billion from H&R Block. He is not buying the mortgages, merely the right to service them. Another HMO lowers its outlook. Coventry lowered its 2008 forecast, citing the impact of flu on costs.
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Dow Industrials newcomer Bank of America leads the list as the highest current yielder of all 30 Dow stocks. Chevron, the other recent Dow addition enters the list with a 2.7% yield.
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Stocks tumbled Friday, after an initial jump, following news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns.
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Lehman Brothers Holdings , a US investment bank whose shares have been battered by fears it may face liquidity issues similar to Bear Stearns , said it has closed a $2 billion bank facility.
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Bear Stearns is not the only one making changes to their calendar. Credit card giant Visa, which was scheduled to price its mammoth IPO Wednesday night for trading Thursday, is moving the offering up to price Tuesday night for trading trade on Wednesday.
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Stocks tumbled Friday, after an initial jump, following news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns.
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The Dow is now down over 200 points for the day. Without a big rally, this will be the 30th triple digit move of the Dow this year. Here are some stats on the volatility we have seen in the start of 2008 compared to same period in the past.
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Stocks retreated Friday, after an initial jump, as news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns sunk in.
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Subprime mortgage write-downs could reach $285 billion, but an end to the write-downs is in sight for big financial firms, S&P said.
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Stocks plunged Thursday following news of the imminent collapse of Carlyle Capital and the dollar's 12-year low against the yen.
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Standard & Poor's helped stocks rebound by saying that an end to subprime mortgage writedowns is in sight for big financial institutions.
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As CEO Vikram Pandit continues his massive overhaul of Citigroup's operations, he's reaching out to some unusual help: former CEO John Reed.
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Will Morgan Stanley be the next financial company on the Wall Street hot seat? Rebecca Darst of Interactive Brokers thinks that might well be the case.
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Stocks plunged Thursday following news of the imminent collapse of Carlyle Capital and the dollar's 12-year low against the yen.
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The markets continue to rally after yesterday's huge gains. As of 11:30, the Dow is up over 530 points in the past two days. Here are the best two-day runs in history...
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U.S. stock index futures pointed to a broadly flat open for Wall Street Wednesday, following the previous session's huge rally, as investor enthusiasm at the prospect of more liquidity and looser collateral rules by the Federal Reserve started to dwindle.
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Stocks shot up Tuesday after a liquidity announcement from the Federal Reserve.