Freddie Mac (FRE) sells down 25% to $9.88 on concerns raising capital will wipe out shareholders. The company’s 52-week high is $67.20.
Wachovia (WB) Panic selling in financial shares knocks this down to $14.28 from 52-week high of $53.10.
Merrill Lynch (MER) falls on concerns the company may have to raise over $5 billion. Down to $29.44 from 52-week high of $89.23.
Tesoro (TSO) Refining companies seeing margins squeezed. Drops to $17.24 from 52-week high of $65.98.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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