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January 13, 2009
Citigroup, Morgan Stanley merge brokerages
Citigroup and Morgan Stanley are combining their brokerages in a deal that shows how much Citigroup wants to slim down and build up cash.
Stocks settle mixed
Stock prices bounced off their lows of the session to close mixed.
January 12, 2009
The Dow slips again, down 125
Wall Street has extended last week’s slide on worries that the quarterly results companies begin releasing this week will signal the economy is in worse shape than feared.
A somber mood at this year’s Detroit auto show
Automakers are faced with the difficult challenge of revving up business during tough economic times
January 10, 2009
Citigroup, Morgan Stanley talk about merging units
A person familiar with the talks says negotiations are underway between Citigroup and Morgan Stanley about a deal one economist says could be the unraveling of the Citi monolith.
January 06, 2009
Stocks finish moderately higher on Fed minutes
Wall Street has dismissed more bad economic news and is finishing with a moderate advance that leaves stocks at their highest levels in two months.
Apple’s Steve Jobs quells health rumors
Apple founder and Chief Executive Steve Jobs, looking to quell rumors about his health, said his doctors have discovered a hormonal imbalance that has been causing his weight loss.
January 05, 2009
Dec. auto sales fall more than 30 percent for GM, Ford,
U.S. auto sales plummeted last month.
January 02, 2009
Wall Street enjoys upbeat start to 2009
Wall Street started the new year with a big rally, sending the Dow Jones industrials up more than 250 points and to their first close above 9,000 in two months.
Wall Street sees quiet start to 2009
Wall Street is largely brushing off a weaker-than-expected report on the manufacturing sector.
January 01, 2009
Links We Mention
Here are a few of the "Links We Mention On Air". Of course, as always, if you can not find what you are looking for, please don’t hesitate to contact us directly at 843.884.2288.
December 26, 2008
Brother: Madoff suicide investor lost own money
He didn’t just lose his clients’ money with Bernard Madoff.
December 23, 2008
Madoff investor found dead of possible suicide
The founder of a hedge fund that invested with Bernard Madoff has been found dead at his Manhattan office.
December 21, 2008
AP study finds $1.6B went to bailed-out bank executives
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses and other benefits last year.
December 19, 2008
Citizens Financial Group to lay off 900 workers
Citizens Financial Group says it’s laying off 900 employees.
Stocks finish mixed
Stocks closed mixed, but little changed today as investors considered the ramification of the government’s plan to help the ailing auto industry.
December 16, 2008
Stocks soar on Fed rate cut
Stock prices closed sharply higher on Wall Street.
Stocks soar on Fed rate cut
Stock prices closed sharply higher on Wall Street.
SEC staff failed to probe Madoff: Cox
Staff at the Securities and Exchange Commission failed many times over a decade to fully investigate credible allegations of wrongdoing by money manager Bernard Madoff, the head of the SEC says, calling it a serious agency breakdown.
Fed cuts target for key rate to record low
The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use “all available tools” to combat a severe financial crisis and prolonged recession.
