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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Wachovia

Wachovia stories: 50 news summaries

41 - 50 of 50 Stories | << Prev 1 2 3

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MARKETS

 Stocks Seesaw, Close Down 

Investors hold their breath for coming Q1 earnings reports

Apr 14, 08 3:34 PM CDT
(Newser) - Stocks wobbled today, eventually posting modest losses as investors still processing GE’s poor results absorbed Wachovia's unexpected losses and steeled themselves for more disappointment from first-quarter earnings reports. The Dow ended the day down 23.36 at 12,302.06, the Nasdaq dropped 14.42 to 2,275.82,... More »

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gas • Dow Jones • General Electric • Wachovia • Nasdaq • retail sales • S&P 500 • first quarter earnings

 Surprise Loss,
 $7B Cash Infusion
 for Wachovia 

Fourth-largest bank was prime player in mortgage mess

Apr 14, 08 8:47 AM CDT
(Newser) - Wachovia reported a surprise first-quarter loss today 2 years after taking over a subprime-dealing savings and loan. The CEO of the fourth-largest US bank was “deeply disappointed” that the bank lost $393 million, or 20 cents a share; analysts had anticipated earnings of 40 cents a share, Bloomberg reports.... More »

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Wachovia • job cuts • quarterly results • subprime crisis • Golden West Financial

$6B From Outside Investors Will Shore Up Wachovia

Bank selling discounted shares to combat credit crunch

Apr 13, 08 10:48 PM CDT
(Newser) - Ailing bank Wachovia will get a $6 billion-$7 billion shot in the arm from outside investors, the Wall Street Journal reports. Specifics of the capital infusion, designed to help the company recover from the credit crisis, haven’t been finalized. Details may be revealed when the company reports first-quarter... More »

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Wall Street • Wachovia • credit crisis • Washington Mutual • mortgage loans • private equity firms • sovereign wealth funds • Golden West

Morgan Stanley Boss Faces Shareholder Pressure

Mack lambasted for taking excessive risk, accumulating debt

Mar 11, 08 9:25 AM CDT
(Newser) - With $11 billion in writedowns already on the books and a history of making risky trades and building debt, Morgan Stanley CEO and chairman John Mack is facing scrutiny from some shareholders, the New York Times reports. He has substantial support, but at least one activist group is pushing for... More »

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Citigroup • Bank of America • Wachovia • Morgan Stanley • Merrill Lynch • John Mack • Washington Mutual • CtW Investment Group

MARKETS

Stocks Inch Up After Fed Action

Bad news and lingering doubts about yesterday's cut keep rally tame

Dec 12, 07 3:29 PM CST
(Newser) - Stocks gained slightly after the Fed's decision to join four other central banks in pumping cash into the global financial system. Following yesterday's plunge of nearly 300 points after the Fed cut interest rates by only a quarter-point, the Dow gained 41.13 to close at 13,473.90. The... More »

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Federal Reserve • Dow Jones • Wachovia • Merrill Lynch • Nasdaq • S&P 500 • JPMorgan Chase

Wireless Giants Blocking New Mobile Services

Verizon, AT&T, keep competitors away

Dec 11, 07 10:54 PM CST
(Newser) - Wireless service giants AT&T and Verizon may be blocking other companies' devices and applications to defeat potential competition. Business Week reports that a discount international cell phone service, a wireless banking service, and PayPal, trying to bring its online payment service to wireless, were all obstructed by one or... More »

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cell phones • Verizon • Wachovia • AT and T • PayPal • Sprint • wireless service • Nextel • SunTrust Banks • Rebtel • short code

Embattled Merrill Chief Stepping Down

O'Neal will announce departure; Fink leading contender for CEO

Oct 28, 07 6:53 PM CDT
(Newser) - Merrill Lynch CEO Stan O’Neal has decided to step down, the Wall Street Journal reports, after days of speculation about his likely ouster following $8 billion in writedowns for the bank, and reports that he had discussed a merger with Wachovia without board authorization. The list of potential... More »

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Wall Street • Goldman Sachs • Wachovia • Morgan Stanley • Merrill Lynch • mortgage backed securities • Stanley O'Neal • Laurence Fink • BlackRock • Gregory Fleming

Dow Dives 367 on 'Black Friday'

Oct 19, 07 3:49 PM CDT
(Newser) - Wall Street observed the 20th anniversary of Black Monday with an absolute bloodbath today as the Dow fell a whopping 366.94 points to close at 13,522.02. Wachovia, Caterpillar, and Honeywell led a host of disappointing earnings reports, driving every major index down over 2.5%. The S&... More »

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stock market • New York Stock Exchange • Dow Jones • Wachovia • Nasdaq • Caterpillar • mortgage backed securities • Black Monday • S&P 500

Top Banks Borrow $2B From Fed

Bid to encourage other banks to borrow to shore up credit markets

Aug 23, 07 5:12 AM CDT
(Newser) - America's biggest banks—Citigroup, Bank of America, J.P.Morgan Chase and Wachovia— have borrowed a total of $2 billion from the Federal Reserve at the government's so-called discount window. It's an attempt to shore up the faltering credit markets by encouraging smaller banks to borrow from the Fed without... More »

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Citigroup • Bank of America • Federal Reserve • Wachovia • Deutsche Bank • Wells Fargo • bank • JPMorgan Chase

Wachovia Nabs A.G. Edwards

Deal takes aim at
small investors,
creates country's
No. 2 retail brokerage

May 31, 07 12:58 PM CDT
(Newser) - Wachovia will buy A.G. Edwards for $6.8 billion, forming the nation's number two retail brokerage. Wachovia's $89.50 per share offer for the historic Midwest brokerage—it survived the crash of '29—helps the bank further expand its growing securities arm. The combined company will manage over $1... More »

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investors • merger • Wachovia • A.G. Edwards • bank • acquisition

41 - 50 of 50 Stories | << Prev 1 2 3


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