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Daily Download: Financial and Stock Investing News for 12-17-09
16 hours ago ago from Chain Bridge Investing
Good morning, investors and traders! You are reading the Daily Download (”Daily DL”), which includes summaries and links to the day’s selected economic and stock investing news. The Daily DL is maintained by Chain Bridge Investing ( ), which is a financial blog at www.chainbridgeinvesting.com . Chain Bridge Investing is constantly improving and adding new financial and investing content to the website. Please let us know if you have any ...
Related contentFinancial Stocks Down on Citi, Investment Bank Estimate Cuts - Wall Street Journal
21 hours ago ago from Stock Strategy Trading
Washington Post Financial Stocks Down on Citi, Investment Bank Estimate Cuts Wall Street Journal NEW YORK Renewed concerns about the government overhang on Citigroup Inc.'s stock pushed its shares and many other financial stocks into US Focuses on Winding Down AIG, Auto Assistance Bloomberg Can Citigroup Flail Its Way to Solvency? Seeking Alpha (blog) US Delays Sale of Citigroup Stake BusinessWeek New York Times - ...
Related contentCitigroup stock sale shows investors still nervous - The Associated Press
15 hours ago ago from Stock Strategy Trading
BBC News Citigroup stock sale shows investors still nervous The Associated Press Abu Dhabi's main sovereign wealth fund is looking for compensation or to exit a $7.5 billion investment in Citigroup, saying the bank misrepresented its Financial Stocks Down on Citi, Investment Bank Estimate Cuts Wall Street Journal US Focuses on Winding Down AIG, Auto Assistance Bloomberg US Treasury eyes maximum price for Citigroup ...
Related contentGovernment backs off Citi share offering
18 hours ago ago from OSHedge Blog
Recall that as part of the plan for Citigroup ( C ) to cut its ties to the government, the Treasury Department was going to piggy-back the initial secondary offering. It hoped to sell perhaps $5 billion of its $25 billion in common stock, but the reaction to Citigroup's plan was so weak, and the stock swoon so deep, that the government's sales were postponed. But not indefinitely. It will look to exit its stake over the next year. ...
Related contentToday's Best News Articles Featuring all t
9 hours ago ago from Today's Best News Articles Featuring all the Top News: Cut to the News
cut to the news TM Cut Through the Clutter to Today's Top News Today's News Yesterday Cartoon The Read Print About daily alerts: i The best news articles of the day, with the top stories from CNN, the BBC, New York Times, Wall Street Journal, Washington Post , and other top news outlets. Daily by 7am EST. Weekends 8am. Politics National Security Money International Also Today . . . Your Stocks Today's Video ...
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Treasury Quickly Halts Plan to Sell Citigroup Stock
16 hours ago ago from Politics Daily
The U.S. government abruptly halted its plan to begin selling its 34 percent stake in Citigroup after investors demanded a price so low that the Treasury Department would have lost money on the deal, the Wall Street Journal report s. The decision comes an embarrassing two days after the department arranged major tax breaks with the IRS in order to broker a deal to help Citi repay its $20 billion in bailout money. The government's shares in ...
Related contentTreasury Official Outlines Exit Strategies for TARP Investments
13 hours ago ago from Wall Street Journal
WASHINGTON -- The U.S. government continues to reluctantly hold sizable investments in a handful of auto companies and financial firms, but hopes to exit from those positions in the next several years, a top Treasury Department official said Thursday. "The government's role as a shareholder is to manage its investment, not to manage the company," Assistant Secretary Herbert Allison Jr. said in prepared remarks before a House panel. Mr. ...
Related contentCitigroup To Raise $20.5 Billion In Equity Sale : NPR
17 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast Citigroup To Raise $20.5 Billion In Equity Sale by The Associated Press text size A A A December 16, 2009 Citigroup Inc. said Wednesday it is ...
Related contentMcCaskill calls for increased oversight of contract work in Afghanistan
2 hours ago ago from Washington Post - U.S.
The chairman of a Senate investigative subcommittee called Thursday for stepped-up government oversight of contract work in Afghanistan, saying Pentagon auditors have already challenged nearly $1 billion in charges by military contractors. This Story What additional controls and government oversight are needed to make sure that these contracts don't result in the waste, fraud and abuse we saw in Iraq? Sen. Claire ...
Related contentBiggest U.S. Stock Deals: The Top Five - MarketBeat - WSJ
13 hours ago ago from Wall Street Journal
By Matt Phillips It's official. As sloppy as it was , Citigroup's ability to raise $20.5 billion in the public markets makes the combined offering of 5.4 billion shares and 35 million tangible equity units the largest public equity offering in U.S. capital markets history, putting it a nose ahead of Visa Inc.'s March 2008 IPO that raised $19.65 billion. Here's Dealogic's list of the the largest equity raisings on record: ...
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