It was less than two years ago that defunct business magazine Portfolio named Citigroup(C) CEO Vikram Pandit one of the twenty worst CEOs of all time. Pandit may be about to jump onto the list of greatest turnaround CEOs, if his forecasts about the bank’s performance are correct. According to the FT, Pandit “will on Thursday raise [[ This is a content summary only.
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Average: “an estimation of or approximation to an arithmetic mean”–Webster The smartest move that J. Raymond Elliot made in his career was to leave the Boston Scientific (BSX) board in 2009 after less than two years of service. The dumbest move was to rejoin the board and become the Boston Scientific CEO last July.
OPEC say that crude consumption will rise this year, but in the fine print of its statement, the cartel undercuts its own prediction.
Reuters: Democrats may miss their goal to vote on healthcare reform. Reuters: China exports rose 46% in February
China says it will keep buying US debt. “The U.S.
Toyota (TM), clearly the builder of millions of cars with brake and accelerator problems, has tried to change the public’s focus away from its recalls, government investigations, and what will be multibillion liability suits. The Japanese car company says ABC News showed a demonstration of an Avalon model’s accelerator problems by using a parked car rather than one in motion. ABC is [[ This is a content summary only.
By Robert Herbst, Airlinefinancials.com Last year, Delta (DAL), American (AMR), United (UAUA), and US Airways (LCC) collectively operated 85 billion less domestic seat miles than they did 6 years ago. This was on average, a 21% reduction in domestic capacity for each of the airlines noted above.
We have compiled this morning’s key stocks on the move based on news. These are some of the key stocks being watched and traded by day traders and active traders. There is a more detailed explanation of the news as well as pertinent trading information for volume and price moves at VSInvestor.com. American International Group, Inc.
These are this Monday morning’s top analyst upgrades, downgrades, and initiations seen in early Wall Street research notes: ADC Telecommunications Inc. (NASDAQ: ADCT) Raised to Neutral at JPMorgan. Cisco Systems, Inc.
