Goldman Sachs upgrades Continental Airlines
forbes.com — AP , 01.05.09, 04:50 PM EST Goldman Sachs upgraded shares of Continental Airlines Inc. on Monday and raised price targets on several other airline stocks, but lowered its target for Southwest Airlines Co......More… (Business)
Stocks finish lower
money.cnn.com — By Alexandra Twin, CNNMoney.com senior writer NEW YORK (CNNMoney.com) -- Stocks fell Monday, retreating after last week's big rally, as investors digested President-elect Barack Obama's stimulus plan, monthly auto sales and surging oil prices......More… (Business)
Madoff Investor May Wait Months for Day in US Court
bloomberg.com — By Thom Weidlich and Tiffany Kary Jan. 5 (Bloomberg) -- The family that sued for the return of $10 million it gave Bernard Madoff six days before he was charged with running a $50 billion Ponzi scheme may have to wait months before it even gets to tell ........More… (Business)
At Madoff Hearing Congressional Committee Vows Reform
washingtonpost.com — By William Branigin Members of the House Financial Services Committee vowed today to undertake a major overhaul of the US financial regulatory system in the wake of an alleged $50 billion fraud that they said should have been detected earlier......More… (Business)
Venturebacked IPOs last year hit 30year low
bizjournals.com — Wall Street’s worst performance in decades last year took its toll on venture capitalists. There were no initial public offerings among venture-backed companies and just a “modest” 37 merger transactions involving such companies, the National Venture ........More… (Business)
Citgo to suspend heating oil aid for US poor
reuters.com — NEW YORK (Reuters) - Houston-based Citgo Petroleum Corp., the US fuels and refining unit of Venezuelan state oil company PDVSA, plans to suspend its program to provide discounted heating oil to poor US communities, according to Citizens Energy, ........More… (Business)
There is good reason to be afraid
publicradio.org — Thanks to Mike Mandel at Business Week, I became aware of this important paper, the "The Aftermath of Financial Crises* by Carmen M. Reinhart of the University of Maryland and Kenneth S. Rogoff of Harvard University......More… (Business)
Progress Energy issues earnings prediction for 2009
bizjournals.com — Progress Energy’s earnings growth could slow in 2009 as the company cuts costs to deal with the economy. Progress, parent company of St......More… (Business)