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When These Companies Recover, We Recover
When These Companies Recover, We Recover
OPINION

When These Companies Recover, We Recover

The signs of the turnaround will come from everyday businesses

(Newser) - The companies best-positioned to weather the recession are market-share leaders or those that sell everyday necessities, writes Douglas A. McIntyre in Newsweek. But the economic bellwethers that will herald the recovery are more likely No. 2 or No. 3 in their industries, like Target, whose quarterly numbers should indicate when...

The 10 Best Super Bowl Ads
 The 10 Best Super Bowl Ads 

The 10 Best Super Bowl Ads

Animals, violence, catchphrases fuel success

(Newser) - Sure, the economy's in the toilet, but there’s always $3 million in the couch cushions for 30 seconds come Super Bowl time. But it remains to be seen whether this year’s crop stick to a reliable winning formula: Include “animals, potty humor, violence, celebrities, sentimentality,” or...

Citadel Bets Big on Mortgage Recovery in E*Trade Deal

Hedge funds beginning to gamble on rebound

(Newser) - In bailing out flailing E*Trade with a $2.5-billion infusion yesterday, Citadel Investment is among the hedge funds and private investors starting to bet big on a recovery in mortgage-related securities, the Wall Street Journal reports. "The market is pricing assets like things are going to get really bad,...

E*Trade Stock in $2B Free Fall
 E*Trade Stock in $2B Free Fall

E*Trade Stock in $2B Free Fall

59% of value wiped out after analyst warns of subprime woes

(Newser) - Online brokerage pioneer E*Trade has been caught in the subprime mortgage crisis. Its shares fell 59% yesterday, wiping out $2.2 billion of its market value, reports the Wall Street Journal. Although its core business is discount brokerage, it is also a bank and has $12.4 billion in home...

Dow Dips Below 13K
Dow Dips Below 13K

Dow Dips Below 13K

Markets seesaw, close down

(Newser) - The Dow closed below 13,000 today after seesawing on bad news from the financial sector and falling oil prices. The Dow finished at 12,987.55, down 55.19, after E*Trade said further mortgage-related write-downs might come—and its shares dropped 56%. The Nasdaq slid 43.81 to close...

Online Brokers Play 'Let's Make a Deal'

E*Trade, Ameritrade renew talks on merger that could jolt industry

(Newser) - Though past merger talks were never consummated, online stockbrokers E*Trade and TD Ameritrade are again in "serious discussions" over a union, the Wall Street Journal reports. A consolidation would create a dominant player in online trading, reducing competition and perhaps ratcheting up costs for consumers. One source estimates the...

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