Wall Street Rumors – April 9, 2009
Daily rumors covering the global markets. Subscribe to the update feed here.
Wells Fargo Projects Record Profit
Wells Fargo & Co. (NYSE:WFC) projected first-quarter net income well above analysts’ expectations, becoming the latest banking giant to express positive sentiments of the period following a 2008 that saw mountains of losses for the industry.
Barclays to Sell IShares to [...]
Wall Street Rumors – April 6, 2009
Daily rumors covering the global markets. Subscribe to the update feed here.
U.S. Stock Futures Retreat on Banking Concern; Sun Tumbles
U.S. Bancorp (NYSE:USB) and SunTrust Banks Inc. (NYSE:STI) slid more than 4.4 percent after Calyon Securities’ Mayo said new government actions to shore up the financial system may not help as much as expected. Sun Microsystems [...]
Wall Street Rumors – April 3, 2009
Daily rumors covering the global markets. Subscribe to the update feed here.
Fannie, Freddie Set to Pay $210 Million in Retention Bonuses
In a compensation program that has drawn angry protests from politicians, Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) expect to pay about $210 million in retention bonuses to 7,600 employees over 18 months, according [...]
Wall Street Rumors – April 2, 2009
Daily rumors covering the global markets. Subscribe to the update feed here.
G-20 Faces Regulation Debate
The Group of 20 nations will take steps toward curtailing bank secrecy and imposing greater regulation of hedge funds, G-20 officials said Thursday. But key disagreements remain on questions of tougher regulation of financial markets, and many details in all areas [...]
Wall Street Rumors – April 1, 2009
Daily rumors covering the global markets. Subscribe to the update feed here.
New GM Chief Bends to U.S. Pressure
Facing heavy government pressure, General Motors Corp.’s (NYSE:GM) chief executive spent his second day on the job making a public break from his predecessor, sending a sharply different message of willingness to shake up the ailing auto maker.
Obama [...]
Wall Street Rumors – March 31, 2009
Daily rumors covering the global markets. Subscribe to the update feed here.
Moscow Warns on Low Oil Prices
To many in the West, Russia’s oil wealth is an addiction that has warped its economy. Russian energy czar Igor Sechin considers that envious nonsense. Russia’s resources “are a God-given good that should be used effectively,” he said in [...]
Wall Street Rumors – March 30, 2009
Daily rumors covering the global markets. Subscribe to the update feed here.
U.S. Forces Out GM CEO Wagoner
The Obama administration used the threat of withholding more bailout money to force out General Motors Corp. (NYSE:GM) Chief Executive Rick Wagoner and administer harsh medicine to Chrysler LLC, marking one of the most dramatic government interventions in private [...]
Wall Street Rumors – March 27, 2009
Daily rumors covering the global markets. Subscribe to the update feed here.
Top Risk Officers Remain at Insurer’s Helm
Inside American International Group Inc. (NYSE:AIG), a group of top executives called the Credit Risk Committee oversaw some of the company’s biggest bets, such as the insurer’s foray into credit-default swaps. But even after a $173 billion government [...]
Wall Street Rumors – March 26, 2009
Daily rumors covering the global markets. Subscribe to the update feed here.
Fourth-Quarter GDP Revised Down; Jobless Claims Rise as Expected
The U.S. economy was weaker at the end of 2008 than previously believed, falling by the most in 26 years, while corporate profits lost more than a quarter of their value. Separately, new U.S. claims for [...]
Wall Street Rumors – March 25, 2009
Daily rumors covering the global markets. Subscribe to the update feed here.
Obama Defends Budget, Says Spending Will Pay OffPresident Barack Obama used a prime-time news conference to defend his $3.6 trillion budget plan, digging in on his ambitious spending and tax proposals one day before the plan begins to move in Congress. Ahead of next [...]
