Stocks News

Feb. 27 - Burned by their investments, analysts say don't look for many sovereign wealth funds to come to the rescue of Western banks again.

Private equity firm Blackstone Group LP said Friday it continued to lose money during the fourth-quarter as the ongoing credit crisis - which the company's chief operating officer called a "depression" - hurt ...

General Electric Co plans to cut its quarterly dividend to 10 cents a share starting in the second half of 2009, a move that it said would provide it with more "flexibility" in the face of a recession.

U.S. stocks slid Thursday as investors digested budget plans from President Barack Obama that weighed on sentiment toward student loan providers such as SLM and health-care companies such as Humana, offsetting ...

Citigroup Inc. said Friday it reached a deal that will give the government up to a 36 percent stake in the struggling bank.

The government, along with other private investors, will convert some of their preferred stock in Citi to common shares.

Citi will offer to exchange up to $27.5 billion of its existing preferred stock held by private investors at a conversion price of $3.25 per share, a 32 percent premium over Thursday's closing price of $2.46. The government will match up to $25 billion of preferred stock it currently owns for conversion at the same price.

Feb 26 - A European Commission survey shows economic morale in the 16-nation area has hit a new low.

The government now owns 43 per cent of the combined group after injecting 17 billion into the business.

The recession will be "long and deep" but Fairfax Financial Holdings Ltd. is investing avidly in U.S. tax-exempt bonds, beaten-down corporate bonds and cut-price common stocks, chairman and CEO Prem Watsa said ...

Fairfield officials have filed a lawsuit against two companies after losing $42 million in municipal pension money it invested with the disgraced New York financier Bernard Madoff.