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Forbes |
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WSJ.com: Markets
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Markets
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Citigroup Tries To Steady Stock
Citigroup's Pandit told employees he has "no desire" to sell any part of the firm. Citi is working to stabilize its shares, which hit a 16-year low.
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Bankruptcy Is Option to GM Board
Members of GM's board are willing to consider "all options," including an eventual bankruptcy-protection filing, a stance CEO Rick Wagoner opposes.
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Geithner Tapped for Treasury Secretary
Obama is likely to nominate Geithner to lead the Treasury. Geithner, president of the New York Fed, has been deeply involved in attempts to arrest the financial crisis and would bring a range of experience.
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Turmoil Continues in Banking Sector
Three more banks failed Friday, marking the highest volume of bank failures in one day since the Savings and Loan crisis.
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Share Declines Pressure Redstone
Viacom and CBS shares sank to lows this week, turning up pressure on Redstone as he tries to resolve his family's debt problems.
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More Hedge Funds Expected to Succumb
More hedge funds will likely have to close this year, amid a steady redemptions drumbeat from pension funds, endowments and others.
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Goldman to Offer FDIC Debt
Goldman Sachs will issue debt backed by the FDIC under the new Temporary Liquidity Guarantee Program.
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Blackstone Pares Size Of Asia-Focused Fund
Blackstone Group has cut the size of its planned Asia-focused hedge fund to around $200 million from $500 million to $1 billion.
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Maxim in Restructuring Talks
The publisher of men's magazine Maxim is in restructuring talks that are expected to turn over the company to creditors, in another blow to star media deal maker Steve Rattner.
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U.S. Stocks Surge; Citigroup Sinks
Despite Wall Street's late rally Friday, Citigroup fell 94 cents, or 20%, to $3.77 on the day, taking its losses to 60% for the week and 72% for November.
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