Reuters - Citigroup Inc shares tumbled for a fifth straight day on doubts about its survival prospects after its chief executive downplayed speculation the bank might sell major businesses or merge with a rival.
Continue reading about Citigroup shares drop and CEO plans to keep Smith Barney (Reuters)
Reuters - Wall Street faces stiff headwinds in the week ahead, the fate of Citigroup largest among them, that stand in the way of building on Friday's big rally and preventing November from winding up as one of the worst months for stocks on record.
Continue reading about Wall St Week Ahead: Stocks eye Citigroup, Geithner’s next moves (Reuters)
Reuters - President-elect Barack Obama on Friday moved toward nominating Timothy Geithner as Treasury secretary and charging the respected head of the New York Federal Reserve with helping pull the United States out of an economic nosedive.
Continue reading about Obama moves to pick Geithner for Treasury (Reuters)
Reuters - Goldman Sachs Group Inc is not interested in buying hard-hit Citigroup Inc , even with substantial U.S. government financial support, a person familiar with Goldman's strategy said Friday.
Continue reading about Goldman cool to Citi deal even with U.S. aid: source (Reuters)
Reuters - Target Corp on Friday rejected a proposal made by activist hedge fund manager William Ackman that the discount retailer boost its stock price by spinning off a real estate investment trust into a company that would own the land underneath its stores.
Continue reading about Target rejects Pershing’s real estate proposal (Reuters)
Reuters - U.S. stocks stormed higher in a late rally on Friday to cap another volatile week as investors welcomed reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, instilling confidence about the administration's ability to take action.
Continue reading about Wall Street stages late rally on Geithner news (Reuters)
Reuters - President-elect Barack Obama will name New York Federal Reserve president Timothy Geithner as his Treasury Secretary, major media reported on Friday, sparking a late-day stock market rally and helping assuage concerns about a power vacuum in Washington.
Continue reading about Geithner report rallies stocks but Citi still down (Reuters)
Reuters - President-elect Barack Obama has selected Timothy Geithner as Treasury secretary, charging the respected head of the New York Federal Reserve with pulling the United States out of an economic nosedive, NBC news reported on Friday.
Continue reading about Obama picks Geithner for Treasury: report (Reuters)
Reuters - Stocks surged on Friday to cap another volatile week as investors greeted with relief reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, lifting a major uncertainty from markets.
Continue reading about Wall Street rebounds on reported Treasury nomination (Reuters)
Reuters - Timothy Geithner, the president of the New York Federal Reserve Bank, is expected to be tapped by President-elect Barack Obama to be the next secretary of the U.S. Treasury, NBC News and the Wall Street Journal reported on Friday.
Continue reading about Fed’s Geithner to be tapped for Treasury: reports (Reuters)
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