Citigroup stock drops to 13-year low, fear grows (Reuters)

in Yahoo! Finance — about 13 hours ago

Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbled 23 percent to a 13-year low.

Dow falls 427 as stocks hit 5-year lows

in AllInOneNews — about 4 hours ago

[MSN Money] Stocks hit levels last seen in early 2003, with financial stocks slammed. Citigroup falls 23%. Worries grow that Congress won't offer help to automakers. The Fed cuts its economic projections. Tech stocks sag; Yahoo falls 21% after Microsoft says it doesn't want the company.

Hopes Dim for Quick Bailout for Automakers

in AllInOneNews — about 5 hours ago

[New York Times] The chief executives of G.M., Ford and Chrysler were unable to convince lawmakers to aid their industry by tapping the financial rescue program.

GE includes UCSF in $200M health-care IT effort

in Bizjournals — about 8 hours ago

Officials at General Electric and its GE Healthcare unit said they will join forces with four health-care institutions, including UC San Francisco Medical Center, to develop a national electronic-health-record system and related technologies.

Dow falls 427 as stocks hit 5-year lows

in AllInOneNews — about 4 hours ago

[MSN Money] Stocks hit levels last seen in early 2003, with financial stocks slammed. Citigroup falls 23%. Worries grow that Congress won't offer help to automakers. The Fed cuts its economic projections. Tech stocks sag; Yahoo falls 21% after Microsoft says it doesn't want the company.

Fed to Cut Rates to Zero in January on Deflation Risk, JPMorgan Predicts

in Bloomberg — about 3 hours ago

BLADE Network Technologies: BLADE Network Technologies' RackSwitch 10 Gigabit Ethernet Switches Outperform Cisco's Catalyst Top-of-Rack Switches

in Market Wire — about 10 hours ago

AUSTIN, TX (MARKET WIRE) SC08 -- BLADE Network Technologies, Inc. (BLADE), the industry leader in network virtualization and high-performance solutions for servers and storage, announced today at SC08 that its HPC-class RackSwitch top-of-rack 1/10 Gigabit Ethernet switch products demonstrate considerably better latency, throughput, energy efficiency and price/performance compared with comparable Cisco Catalyst data center switches.

Wachovia, Golden West Mortgage Practices Probed by U.S. Prosecutors, SEC

in Bloomberg — about 10 hours ago

JPMorgan, Citigroup, BofA hit multiyear lows

in Reuters — about 13 hours ago

NEW YORK (Reuters) - Shares of JPMorgan Chase & Co , Citigroup Inc and Bank of America Corp tumbled to multiyear lows on Wednesday on expectations that deteriorating credit conditions and a contracting economy will weigh heavily on the three largest U.S. banks.

Wells may add another Wachovia board member

in Bizjournals — about 9 hours ago

Wells Fargo & Co. says three or four Wachovia Corp. board members will be appointed to the merged banks? board after Wells buys Wachovia next month. (WFC) (WB)

Greenberg's AIG Bet Earns a Big Payoff

in WSJ — about 4 hours ago

The collapse of AIG shares might not be something former CEO Greenberg ever wished for, but it is generating big payoffs on two bets his investment vehicle made three years ago.

Nevada AG Masto sues makers of hormone therapy drugs for alleged deceptive trade practices

in Canadian Business Online — about 16 hours ago

Pharmaceutical companies Wyeth and Pfizer Inc. were sued by Nevada's attorney general for alleged deceptive trade practices in selling four

Genesco shares falls earnings warning (AP)

in Yahoo! Finance — about 15 hours ago

Shares of baseball cap maker Genesco Inc. plunged 36 percent Wednesday after the company pre-announced third-quarter earnings the day before, saying it would miss estimates, as would the company's fourth-quarter results.

Performance or Power: Which Will Nehalem Use?

in InternetNews — about 17 hours ago

Intel obsessed over power efficiency in the Nehalem line. So what's it doing with all the power savings? Increasing performance of course.

Stocks battered amid economy concerns

in Bizjournals — about 9 hours ago

Concerns about consumer spending and the state of the Big Three U.S. automakers drove the country?s major stock indices drastically downward. (ACLI) (AFAM) (BBT) (BFB) (CMI) (F) (FITB) (GE) (HUM) (IDSA) (KND) (NCC) (PBIB) (PNC) (PZZA) (RBCAA) (RSCR) (SYBT) (SYPR) (TXRH) (UPS) (YUM)