The highest paid senior counselor who also sits on the board of Citigroup (C) says he is not to be blamed for the mess at Citigroup.Excerpts from the Wall Street Journal article.[...]Robert Rubin said its problems were due to the buckling financial system, not its own mistakes, and that his role was peripheral [...]
HealthShares, the exchange traded fund (ETF) family of XShares investment company isn’t feeling up to par these days.Today, the company’s Board of Directors announced they are liquidating the company’s four underlying investment portfolios as of Dec. 31, 2008. Current market conditions, low market interest, and not so hot growth prospects in the near future gave [...]
December greets investors with a light earnings calendar and a large amount of economic data.The week’s biggest scheduled event will be the Big 3 bailout. American automakers Chrysler, Ford Motor Co. (F) and General Motors Corporation (GM) are required to provide Congress with a turnaround plan by Tuesday, Dec 2. Hearings are scheduled for the [...]