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Latest AG Edwards News
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Citigroup and FDIC save Wachovia
Worldwide banking remained in turmoil Monday as Wachovia wb became the latest giant to topple, agreeing to sell most of its operations to Citigroup c in a deal brokered by the Federal Deposit Insurance Corp. All deposits in Wachovia are protected, even those with accounts in excess of the $100,000
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Stocks plunge as House votes down bailout plan; Dow drops 778
government's plan was aimed at fixing, showed little signs of thawing, said Bill Hornbarger, fixed-income strategist at AG Edwards . The yield on three-month Treasury bills, considered a super-safe investment, plunged to 0.15% from 0.84
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Stocks plummet as House votes down $700B bailout plan
government's plan was aimed at fixing, showed little signs of thawing, said Bill Hornbarger, fixed-income strategist at AG Edwards . The yield on three-month Treasury bills, considered a super-safe investment, plunged to 0.39% from 0.84
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U.S., foreign stocks plunge as financial problems spread
government's plan is trying to fix, showed little signs of thawing Monday, says Bill Hornbarger, fixed-income strategist at AG Edwards . The yield on three-month Treasury bills, considered a super-safe investment, plunged to 0.68% from 0.84
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Citigroup to buy Wachovia's banking units, halve dividend
business as usual." Citigroup will acquire most of Wachovia's assets and liabilities. Wachovia will continue to own AG Edwards , a brokerage firm, and Evergreen Investments, an investment management company, and will continue as a publicly traded
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Stocks inch higher to close out worst quarter since 2002
Stocks closed a dismal first quarter with a moderate gain Monday, rising after a reading on regional manufacturing came in better than expected and as investors examined details of a government plan to overhaul the way Wall Street is regulated. Even though the market posted gains on the last day of
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2008 predictions for the S&P 500
Bull talk The most bullish '08 forecast comes from Jason Trennert of Strategas Research Partners. His thesis: We won't get a recession. Therefore, any weakness in profit growth will be offset by a swelling of P-E ratios. The bottom line: With the Fed lowering rates, investors will be willing to pay
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New 'McKitchen' Could Mean All-Day Breakfast
lagging. "The McDonald's brand is really best known for its breakfast offerings," said Jack Russo, an analyst at AG Edwards . "That morning menu offers the highest profit margins, so it makes sense that they might be looking to push sales
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Greenspan Fails to Soothe Sagging Markets
fourth-quarter earnings where we're looking for a substantial rebound," said Al Goldman, chief market strategist for AG Edwards and Sons in St. Louis. Can Greenspan Do What Bush Has Been Unable To? If Greenspan could have brought about a measure
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Fed Cuts Interest Rates Again
further. They are concerned about declining consumer and business confidence," added Gary Thayer, chief economist at AG Edwards & Sons in St. Louis. Widely Anticipated Move Ahead of the announcement, analysts were nearly unanimous that the Fed
