Monday, January 05, 2009 7:49 PM EST
StreetInsider.com Counts Down Top 15 News Items of 2008.. Stay Tuned!
Top 15 For 2008 (No. 11): Citigroup (C) Collapses Under Its Own Weight
StreetInsider.com has put together its 'Top 15 For 2008' which chronicles our view of the most significant news on Wall Street during the tumultuous year.
Number 11: Citigroup (NYSE: C) Collapses Under Its Own Weight
The credit meltdown proved to big for even mega-bank Citigroup (NYSE: C) to navigate and in November the U.S. Treasury the Federal Reserve Board stepped in to bailout the once venerable company.
With new CEO Vikram Pandit in ...More »
- Top 15 For 2008 (No. 12): Roller Coaster Ride In Oil
- Top 15 For 2008 (No. 13): Obama Elected President
- Top 15 For 2008 (No. 14): M&A Wreckage
- Top 15 For 2008 (No. 15): Warren Buffett Bets Big In 2008 Despite Collapse
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Obama Crafting $300 Billion Tax Cut Plan
According to reports from the Wall Street Journal, President-elect Barack Obama and congressional Democrats are eyeing a $300 billion tax cut plan to individuals and businesses in a move to attract Republican support for an economic-stimulus... More
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- New York Fed Starts Buying MBS
- Oshkosh (OSK) Wins Contract with Defense Logistics Agency to Provide Replacement Parts for Tactical Vehicles; Stock Up 6% on the News
- Walgreens (WAG) Reports 10.8% Rise in Decemeber Sales; Comps Up 4.9%
- Varian Semiconductor (VSEA) Lowers Guidance
- Multi-Fineline (MFLX) Issues Strong Q1 and Q2 Guidance, Announces 2.25M Share Buyback
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After-Hours Movers 1/5: IDEV, ELX Higher; LDK, IMN, TRAK, DTLK Lower
Indevus Pharmaceuticals, Inc. (Nasdaq: IDEV) 70% HIGHER; Endo Pharma (Nasdaq: ENDP) and Indevus today announced that they have entered... More
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General Motors (GM) Reports Large Decline in December Sales - Details Inside
General Motors (NYSE: GM) dealers in the United States delivered 221,983 vehicles in December, down 31% compared with a year ago. However, total deliveries were 67,000 vehicles more than November's result,... More
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Steve Jobs Addresses The Apple (AAPL) Community Regarding His Health
Below is a letter that Steve Jobs published to the Apple (Nasdaq: AAPL) community regarding his health. Dear Apple Community, For the first... More
Monday, January 05, 2009 7:49 PM EST
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Latest StreetInsider Headlines
- 05:48 PM After-Hours Movers 1/5: IDEV, ELX Higher; LDK, IMN, TRAK, DTLK Lower
- 05:43 PM Top 15 For 2008 (No. 11): Citigroup (C) Collapses Under Its Own Weight
- 05:25 PM Wells Fargo (WFC) Acquires $730 Million in Loan and Lease Receivables From GE Healthcare Financial Services
- 05:24 PM Fox-Pitt Downgrades Stifel Financial (SF) to In Line
- 05:23 PM Fox-Pitt Upgrades Charles Schwab (SCHW) to Outperform
- 05:21 PM Leerink Swann Downgrades Medtronic (MDT) to Market Perform
- 05:14 PM Raymond James Downgrades IntercontinentalExchange (ICE) to Market Perform
- 05:11 PM Talbots (TLB) Completes Conversion of $150M of Its Uncommitted Working Capital Lines to Committed Lines
- 05:05 PM CIGNA (NYSE: CI) Announced Global Workforce Reduction
- 05:04 PM Charming Shoppes (CHRS) Appoints MaryEllen MacDowell as President of Charming Outlets
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Latest Press Releases
- 07:42 PMPNM Resources Announces Tender Offer for Portion of Senior Notes
- 07:40 PMOverstock.com Announces Winner of 2008 $50,000 Family Bailout Sweepstakes
- 07:39 PMZebra Technologies Appoints Bill Walsh as General Manager, Enterprise Solutions Division
- 07:31 PMProLogis to Host Fourth Quarter/Year End 2008 Financial Results Webcast and Conference Call
- 07:27 PMTicketmaster Entertainment to Present At 2009 Citi Global Entertainment, Media and Telecommunications Conference
- 07:25 PMNektar Therapeutics' President and CEO, Howard W. Robin, to Present at the 27th Annual J.P. Morgan Healthcare Conference in San Francisco
- 07:23 PMWellstar/TMI Imaging System Begins Marketing to Long-Term Care Facilities
- 07:14 PMGameTech Elite(TM) Installed in the United Kingdom
- 07:05 PMJohnson Controls Brings Ingenuity to Current and Future Vehicles, as Reflected at the 2009 North American International Auto Show
- 07:00 PMContinental Airlines Reports December 2008 Operational Performance
13Gs
- Fidelity Discloses 14.9% Stake in Las Vegas Sands (LVS)
- Castine Capital Shows New 6.7% Stake In Lennar (LEN)
- Bill Gates' Investment Vehicles Continue To Buy AutoNation (AN), Sparking Share Rally
Analyst Comments
- Deutsche Bank Lowers Estimates on IntercontinentalExchange (ICE)
- Nielsen Online reports November 2008 data for the Top U.S. Search Providers.
- Potash (POT) Leading Ag Sector Higher Ahead of Mosaic (MOS) Earnings; Cramer Highlights Terra Nitrogen (TNH) Yield on Stop Trading!
Dividends
- Lithia Motors (LAD) Suspends Quarterly Dividend
- CLARCOR (CLC) Approves $0.09 Per Share Quarterly Dividend
- Community Valley Bancorp (CVLL) Temporarily Suspends Qtr. Dividend
Downgrades
- Fox-Pitt Downgrades Stifel Financial (SF) to In Line
- Leerink Swann Downgrades Medtronic (MDT) to Market Perform
- Raymond James Downgrades IntercontinentalExchange (ICE) to Market Perform
Earnings
- Mosaic (MOS) Reports Q2 Earnings
- Vitesse Semiconductor (VTSS) Swings to a FY Gain
- Navistar Int'l (NAV) Tops Street's FY08 Views
Insider Trades
- SandRidge Energy (SD) Reports CEO Sells 8.9M Shares of Stock In A Private Sale
- MoSys (MOSY) Director Buys 300K Shares
- Textron (TXT) Director Buys 20K Shares
Insiders' Blog
- Top 15 For 2008 (No. 11): Citigroup (C) Collapses Under Its Own Weight
- Top 15 For 2008 (No. 12): Roller Coaster Ride In Oil
- Potash (POT) Leading Ag Sector Higher Ahead of Mosaic (MOS) Earnings; Cramer Highlights Terra Nitrogen (TNH) Yield on Stop Trading!
IPOs
- Penthouse and Networking Site Owner FriendFinder (FFN) Files $460M IPO
- Out With the Old Banks, In With the New - Heritage Bank (HNB)
- Data Shows Global IPO Activity Halved
Mergers and Acquisitions
- Wells Fargo (WFC) Acquires $730 Million in Loan and Lease Receivables From GE Healthcare Financial Services
- Acuity Brands (AYI) Acquires Lighting Control & Design
- Endo Pharmaceuticals (ENDP) to Buy Indevus Pharmaceuticals (IDEV) For $370 Million, 45% Premium
New Coverage
- Merriman Resumes Coverage on Capstone Turbine (CPST) with a Neutral
- Leerink Swann Initiates Coverage on Momenta Pharmaceuticals (MNTA) with an Outperform
- Wachovia Initiates NCI (NCIT) with a Market Perform
Stock Buybacks
- Ultrapetrol (ULTR) Extends Stock Buyback Plan
- Home Diagnostics (HDIX) Announces $5M Stock Buyback
- HKN Inc. (HKN) Adds 1M Shares to Existing Buyback Program
Upgrades
- Fox-Pitt Upgrades Charles Schwab (SCHW) to Outperform
- Goldman Sachs Upgrades Pentair (PNR) to Buy
- Goldman Sachs Upgrades Packaging Corp. of America (PKG) to Buy
