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Indevus Pharmaceuticals (IDEV) Bad news on drug trial. Falls to $1.21 from 52-week high of $8.22. Ambac (ABK) Possible downgrade…
Standard & Poor’s has come out with a report that is actually weighing down on the entire market even though…
Billions of dollars in losses and a falling stock price can cost a CEO his job. Wachovia (WB) announced today…
Oppenheimer now puts out a negative report on banks stocks every other day, like clock work. Today’s reports says that…
Banks will post much better earnings as the year goes on. Most of their write-offs are behind them. What else…
A series of lawsuits against the board and management of Countrywide (CFC) accuses them of insider trading and not being…
According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper…
One of the interesting by-products of S&P cutting Countrywide’s (CFC) debt to junk is that Bank of America (BAC) may…
Bond-holders who own debt in Countrywide (CFC) have assume that Bank of America (BAC) would take those obligations on and…
The FBI appears to have uncovered some fraud in lending practices at Countrywide (CFC) and now the question is whether…
Consumers and businesses are faced with two difficult problems as a result of major banks taking huge write-offs. The first…
Royal Bank of Scotland (RBS) will raise as much as $24 billion to bolster its capital position, a dubious record…
The mid-month reports on short interest in NYSE shares showed that many short sellers moved out of big financial stocks…
According to Reuters, National City (NCC) will raise as much as $7 billion. Reuters writes that Viacom (VIA) will launch…
Wall St. wanted some sign that the the recession might not be pulling the economy under for the next four…
Our top personal finance-related articles today. Your wallet will thank you later.