Navigate: Home Archive: February 2009

Feb 27, 2009, 1:07 PM

According to preliminary estimates released Friday by the Bureau of Economic Analysis, the GDP decreased at an annual rate of 6.2% in the fourth quarter of 2008,... Read »

Feb 27, 2009, 1:00 PM

The Treasury Dept announced Friday that it would increase its stake in Citigroup (C) to 36% from 8%, and convert up to $25 billion of its preferred stock investment... Read »

Feb 27, 2009, 12:59 PM

Parsons of Citigroup (C) tells CNBC that there is “no time frame for naming new directors”, said management has its “arms around” the situation.  Read More →

Worse Than Expected on the Economy

Feb 27, 2009, 11:00 AM

Keep your eyes on the gap between what the economy could produce at full employment and the paltry level of aggregate demand (consumers plus businesses plus exports).... Read »

Permian Basin Royalty Trust (PBT): The Cramer Effect

Feb 27, 2009, 10:57 AM

Last night on CNBC’s Mad Money, Cramer identified a stock that he believed has been wronged by the market. The relatively small oil and gas company from Texas,... Read »

A New Era of Unwinding

Feb 27, 2009, 9:57 AM

No one expected good news, and the expectations were met. Today’s update on 2008′s fourth-quarter GDP was ugly, the ugliest in 25 years, in fact. The... Read »

Feb 27, 2009, 1:51 AM

Obama’s new budget represents a huge break, Paul Krugman writes, not just with the policies of the past eight years, but with policy trends over the past 30 years.... Read »

Dell Pointing the Finger?

Feb 27, 2009, 1:43 AM

“Dell sucks. I listened to Dell and here’s the problem with Dell, they literally said this immediately after this horrible number came out. They said, our numbers... Read »

Feb 27, 2009, 1:26 AM

Henry Blodget writes: Why have the bank stocks soared over the past few days? Because Treasury Secretary Tim Geithner found a way to quietly shovel buckets of taxpayer... Read »

Feb 27, 2009, 1:05 AM

Citigroup (C) and the U.S. government are close to an agreement in which the government will substantially increase its stake in the bank and in return it will get... Read »

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