U.S. Stocks Gyrate as Citigroup Concern Offsets Commodity RallyFriday, November 21, 2008 @ 11:07AMNov. 21 (Bloomberg) -- U.S. stocks swung between gains and losses a day after the Standard & Poor’s 500 Index slid to its lowest level in 11 years as growing concern over the survival of Citigroup Inc. offset a rally in commodities producers.
JPMorgan shares tumble on bank woesFriday, November 21, 2008 @ 11:04AM JPMorgan Chase & Co. shares tumbled to a six-year low Friday, as investors fled big bank stocks amid fresh concerns about the stability of the financial sector.
Street Grapples With Citi NewsFriday, November 21, 2008 @ 10:52AMA report that Citigroup is considering selling part or all of the company and solid tech earnings buoy the major averages early, but denials from some senior Citi executives help reverse gains.
Selloff Continues in Citigroup StockFriday, November 21, 2008 @ 10:22AMFive, four… where’s the floor? Citigroup ’s shares continued their slide Friday, extending the week’s selloff and falling below the $4 mark.
Citigroup’s Pandit Says He Doesn’t Plan to Break Up CompanyFriday, November 21, 2008 @ 9:40AMNov. 21 (Bloomberg) -- Citigroup Inc. ’s Chief Executive Officer Vikram Pandit sought to reassure employees on a worldwide conference call today before the company’s board meets to discuss how to halt the stock’s descent to a 15-year low.
Lines Grow At U.S. Unemployment OfficesThursday, November 20, 2008 @ 11:11AMWeekly jobless claims have hit a sixteen-year high.
Financial Stocks: Citi falls 12%, below $6 as financials weaken furtherThursday, November 20, 2008 @ 9:57AMShares of Citigroup fell another 12% Thursday, falling below $6, as investors failed to draw confidence from a fresh investment in the company by its largest individual shareholder.
Poised for a fallThursday, November 20, 2008 @ 8:59AM North American stocks were set to slide at the open Thursday as investors worried that failure by U.S. automakers to get a government bailout would add to the economy’s woes, fears that were heightened by news of further labour market deterioration.
Alwaleed to boost Citigroup stake to 5 percentThursday, November 20, 2008 @ 8:55AMNEW YORK (Reuters) - Citigroup Inc won a vote of confidence from Saudi Prince Alwaleed bin Talal, its largest individual investor, who said on Thursday he plans to boost his stake in the U.S. banking giant to 5 percent from less than 4 percent.