Tuesday, January 20, 2009
State Street shares cut in half after company outlines new risks
State Street shares cut in half after company outlines new risks
State Street Corp.'s stock falls 50% on Tuesday on concerns the
company may have to bring troubled investment vehicles onto its
balance sheet, a move that could force it to raise capital and
potentially dilute shareholders.
MOVERS & SHAKERS: TUESDAY'S BIGGEST GAINING AND DECLINING STOCKS
Big movers in U.S. trade include Citi, Noble Energy and State Street.
OBAMA TO BE SWORN IN AS 44TH PRESIDENT ON HISTORIC DAY
Capping a history-making run for the White House, President-elect
Barack Obama will take the oath of office at noon on Tuesday and
become the first African-American president of the United States
before a massive crowd in the nation's capital.
FUTURES MOVERS: OIL SWINGS AS FRONT-MONTH CONTRACT EXPIRES
Crude-oil futures swing between gains and losses, as investors make
last-minute trading decisions before the front-month contract expires
later today.
MEXICO'S SLIM TO INVEST $250 MILLION IN NEW YORK TIMES
New York Times Co. reached an agreement under which companies backed
by the Mexican telecom investor Carlos Slim will invest $250 million
and could boost their holding, helping the New York media company
reduce its debt and strengthen its finances.
