financial news

Happy snow day!

We should expect a very negative open to the markets today. The Dow Futures are pointing to an open under 7000, with key support levels to be tested. As usual, the reason is the financial sector with AIG and HSBC making headlines. AIG…

Eminem's latest day in court likely to be felt far and wide - NZ Herald (this concerns a lawsuit on how much royalties artists should get fordigital music.  Steve Jobs is testifying.  It's a very big deal) A bruised Warren Buffett to look…

Citigroup close to reaching deal with government: report - Reuters The Banks's Rigged Stress Test - Dean Baker Renters Lose Edge on Homeowners - WSJ.com TARP Said to Be Ripe for Fraud - WSJ.com £650,000 pension for former RBS chief Sir…

Teed Off at Northern Trust - Deal Book German CDS debt spreads hit record as economy crumbles Japan exports drop 45% to new low - BBC News Citigroup May Sell Nikko Citigroup Unit in Japan, Mainichi Says - Bloomberg.com Hearst May Sell…

Tangible Common Equity… - Option ARMageddon Argentina’s Industrial Output Fell Most Since 2001 - Bloomberg.com Lonmin to cut 5 500 jobs - Fin24 South Africa Hairy Lips Sink Ships - Bill Gross, PIMCO Now What for the Big Banks?:…

Americans Would Be Lucky to Mimic 1990s Japan: William Pesek - Bloomberg.com Will Germany deliver on the Faustian bargain that created monetary union? - Telegraph U.S. economy seen starting recovery in second half of '09: poll | Reuters…

More on That Dirty Word "Nationalization" and Possible Approaches - Naked Capitalism In Northern They Trust - Barron's ING’s Hommen May Consider Seeking U.S. Support After Review - Blomberg.com 'Good Banks' Are the Cost Effective Way…

Frustrated savers are turning their backs on banks - Irish, Business - Independent.ie UBS warns of dire consequences from U.S. tax battle | Reuters Soros sees no bottom for world financial collapse | Reuters German 'bad bank' in Dublin…

The Austrian Economists: Rick Santelli Rant Ken Rogoff says Fed needs to set inflation target of 6pc to help ease crisis - Ambrose Evans-Pritchard, Telegraph Japan department store sales down 9.1% in January - Japan Economy News &…