Worries about variable annuity exposure sends shares tumbling.
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Some traders remember the day in late October when Volkswagen shares more than doubled in value, sending short sellers on a mad dash to buy back the stock.
All smokers should have access to tobacco cessation treatment by 2020, according to a plan released this week by business and health heavyweights.
The U.S. markets have entered a dangerous new phase, triggered by plunging financials, lack of economic hope, and relentless broadcasting of wealthy auto executives begging for taxpayer money like so many Olivers at the orphanage.
With losses accelerating into the close, the major stock market indexes closed at levels not seen since 2003. The Dow Jones Industrial Average fell 427.3 points, or 5.1% to 7,997.44, while the Nasdaq Composite dropped 96.85, or 6.5%, to 1,386.42. Why? Well, you know why. A bailout of the auto industry is stalled on Capitol Hill. The Fed indicated that the economic downturn will last at least a ...
The market is treating Citigroup (C) as if it knows something about the bank's near-term fortunes and that something is not good. Shares in the bank have been off 21% to $6.60. What is remarkable is that the stock traded over $10 just four days ago. Citi's announcement that it would acquire the remaining assets of the SIVs it manages at current fair value should not have caused the drop. If the...
OK, so here is the weirdest story of the day. SolarWorld (SWV.F), one of the largest solar companies in Germany, today declared that they want to buy several sites in Germany that now belong to the Opel division of General Motors. In short, they want to expand from solar modules into the auto business. As noted in an AP story picked up by the Wall Street Journal, SolarWorld said it intends to o...
Those who do not learn from history are doomed to repeat it
FlexTrade Chosen for Third Consecutive Year as "Best Vendor for … - MarketWatch
FlexTrade Chosen for Third Consecutive Year as "Best Vendor for …MarketWatch- 26 minutes ago… and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. … Written by "futures trading" - Google News and Powered by WordPress
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