A Citigroup spokesman confirmed their departures, but declined to comment on the circumstances under which they left the firm. “We wish Michael and Nestor well in their future endeavors,” the spokesman said. The fallout from Citigroup rough third quarter, which reported $2.2 billion in trading losses, continues as two senior traders left the banking […]
CNinsure soarded today as the Chinese insurance agency and brokerage made its debut. CNinsure is the third best first-day performer among Chinese initial public offerings on U.S. stock exchanges so far this year.American Depositary Shares of CNinsure Inc raised $188 million as it closed up 58 percent at $25.29.
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Google’s shares jumped above the $700 mark for the first time today as investor confidence for the stock continued to rise, while most other major Internet companies traded higher. The search engine operator’s shares rose $5.23 to $700 in afternoon trading. Earlier, the stock traded as high as $704.79 — just a few weeks after […]
Ford Motor Co. might save some of the six plants it intends to close if it can get other cost savings from the United Auto Workers union in their new contract, people briefed on the ongoing negotiations said Monday.The people said the fate of the plants is one of many issues still on the table […]
“The rise in the stock price today reflects two potential outcomes. The first is that the CEO steps down. The second is that the company is sold outright,” said David Honold, a portfolio manager at Turner Investments.
“Wall Street seems to love when anybody’s fired. They think all of a sudden Merrill’s fortunes […]
The Alibaba.com IPO is set to price imminently with trading scheduled to begin on November 6th. One beneficiary of the mounting investor enthusiasm for the company is Yahoo, which holds a 39 percent stake in its parent company Alibaba Group, and is set to invest another $100 million directly into Alibaba.com. A research note from […]
