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  • Citigroup is planning to change its bonus system for senior managers to encourage different parts of the vast company to cooperate and help one another win business, a person familiar with the matter told Reuters.

  • For the week ending Friday, June 27, 2008, the U.S Markets tumbled on low consumer confidence levels, battered financial stocks, interest rates concerns, and new record prices for crude oil.

  • I think a lot of people envy Goldman, but give them credit, they have had some awesome calls. Doug Kass joked their are two kinds of people. Those that work at Goldman and those who envy them that do.

  • The market for initial public offerings in the United States suffered its worst quarter since the third quarter of 2003, as canceled IPOs easily outpaced the number of new offerings, according to preliminary Thomson Reuters data.

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    Who needs theme park thrill rides when you’ve got Wall Street. The Dow tumbled by 358 points after oil climbed to $140 for the first time ever. What's the "Word on the Street?"

  • The Dow closed at its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

  • The Dow dropped to its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

  • The Dow dropped to its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

  • Citigroup Center

    Citigroup may suffer $8.9 billion of second-quarter writedowns, forcing it perhaps to cut its dividend again, while Merrill Lynch may incur $4.2 billion of writedowns, Goldman Sachs analyst William Tanona wrote on Thursday.

  • Stocks tumbled out of the gate Thursday after a downgrade on brokerage stocks and disappointing earnings from two tech giants.

  • The uranium sector is due for a rebound and investors can profit from this by buying either miners or companies building nuclear power plants, according to Peter Howe, head of trading at Helvetia Wealth.

  • Citigroup Center

    Citigroup may suffer $8.9 billion of second-quarter writedowns, forcing it perhaps to cut its dividend again, while Merrill Lynch may incur $4.2 billion of writedowns, Goldman Sachs analyst William Tanona wrote on Thursday.

  • Overstock.com and its outspoken leader are going after some big fish on Wall Street. Overstock Chief Executive Patrick Byrne has filed a $3.4 billion lawsuit against brokerage firms alleging a “massive, illegal stock market manipulation scheme.”  The suit has left some power players fit to be tied, including Marketwatch.com columnist Herb Greenberg. As fate would have it, our cameras were rolling on Greenberg's fit.

  • AmEx just out with comments, saying "We have seen credit indicators deteriorate beyond our expectations" and it was "too early to assess the impact of deteriorating credit indicators." Down about 1 percent.

  • Strategas Research analysts today say the market looks oversold and could be setting up for a short-term rally. In a note today, the firm looked at the record level of short interest and other factors. Last week, the percent of short interest on the NYSE was at 4.2 percent, an all time high.

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    "More buyers than sellers," is often the answer traders give when asked why prices of shares, bonds or commodities are high.

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    The Dow ended little changed on Monday as renewed concerns about the outlook for financial shares offset gains in energy stocks. What's the "Word on the Street?"

  • Stocks wavered as oil's relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains.

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    More Wall Street firms, facing the specter of tougher regulation and slumping capital markets, will follow the path of Bear Stearns and be forced into the arms of deposit-rich commercial banks, veteran banking analyst Charles Peabody told Reuters.

  • Stocks wavered as oil's relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains.