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...result, Cantor has been able to pick up clients, giving a big boost to its bottom line. Lutnick says his firm made more money in 2008 than ever before. He won't say how much, and since Cantor is private he doesn't have to. BGC, because it is publicly traded, does have to release its results, and officially that division lost $30 million. But exclude a one-time charge, and BGC profits come in at $105 million in 2008, up from $58 million in the year before. Analyst Michael Adams who follows BGC for brokerage firm Sandler O'Neill...
...upshot is that, while the quarter was Citi's best since mid-2007, it's awfully hard to say what it signifies. The chances that the bank might eventually be able to earn its way out of its troubles without more taxpayer help seem to have increased. But it will take many more quarters before anybody can say that with confidence...
...assassination plot against Morales. At 4:30 a.m., police surrounded the Hotel de las Americas in downtown Santa Cruz, the capital of Bolivia's anti-Morales east. They'd been tipped about armed occupants in two of the rooms; and when they went to check it out, say government officials, they were met with gunfire. They returned it and killed three of the five men in the rooms, wounding the other two. According to Vice President Alvaro Garcia Linera, authorities were then led to Santa Cruz's convention grounds, where they found an arsenal of sharp-shooter rifles, grenades...
...Summit of the Americas in Trinidad on Friday, Morales said unequivocally, "They were going to kill me." He added, "These are international mercenaries" aligned with Bolivia's right-wing opposition. Whether or not the men are linked to the conservative opposition - whose members adamantly denied any ties - officials say a flag of the Nacion Camba - a Santa Cruz-based fascist group - was reportedly found among the weapons. According to security officials, one of the three men killed at the hotel was alleged to be a Romanian; one was from Ireland. One of the wounded, say officials, is a former member...
Morales' foes say the measure simply gives him a larger advantage in the presidential election slated for December. But if Morales really can build a legitimate case that his political opponents were behind the "mercenaries" at the Hotel de las Americas, they'll have even bigger campaign problems to worry about...