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...loss of $6.4 billion. Analysts believe the red ink at Citigroup (C) could be more than $10 billion. Bank of America is expected to turn in a $3.6 billion loss. Those figures do not include JP Morgan (JPM), Wells Fargo (WFC), Morgan Stanley (MS), Goldman Sachs (GS) and a number of deeply troubled overseas companies including UBS (UBS), Credit Suisse (CS), and Barclays...
...With just a few days to go until the nation's largest banks report earnings, forecasts for how they will do diverge wildly. Of the analysts covering Citigroup (C) the most optimistic believe that firm will lose $.47 a share. The most pessimistic number is a loss of $1.57. For a company covered by as many researchers as Citi is, that spread is extraordinary...
...spoke a top aide within the New York mayor’s office, according to phone records obtained by the New York Times. But the union leader on the other end of the line shouldn’t have been surprised to hear it. A number of influential sources, from politicians to journalists, have already pegged Caroline Kennedy as the front runner for Hilary Clinton’s soon-to-be-vacant senate seat...
...Like Ginsu knives or the George Foreman grill, the Snuggie has become synonymous with "direct-response advertising" - the preferred industry parlance for commercials that feature a toll-free 800 number for placing orders. And thanks to the recession, such "as-seen-on-TV" companies are purchasing more air time for chump change...
...While sales are down at most nationwide retailers, Khubani says the number of Telebrands products purchased in Walgreens, Target and Wal-Mart are "way up," with overall sales nearly doubling since last year. "They're typically inexpensive, solve a common problem, and they're fun," Khubani says, explaining the success of his products. Of course, when it comes to pricing, it helps that many of these companies, including Allstar, outsource nearly all aspects of production, shipping and ordering. The Snuggie, for example, is manufactured in China...