GM loses 3.3 billion , Citigroup to dump some stock

General Motors Corp.(GM) struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickups.
http://www.breitbart.com/article.php?id=D90CBJ8O9&show_article=1
Citigroup Inc., (C)under pressure to bolster capital depleted by mounting losses, sold $4.5 billion of stock, 50 percent more than it planned.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aEdkikTTTWwA&refer=home

Wall Street May Face $460 Bln in Losses Says Goldman

Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already disclosed, according to Goldman Sachs Group Inc. Profits will continue to wane some other analysts said.“There is light at the end of the tunnel, but it [...]

Greenspan Speaks; Brace for impact

The current crisis rocking the markets and global economy could turn out to be the worst since World War II, former US Federal Reserve chairman Alan Greenspan said in remarks published Monday.
“The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second [...]

Stocks Boom on Bank Booster

The Fed promised a $200 billion booster shot for ailing markets and Wall Street answered with its biggest bounce in more than five
Hoping to ease the credit crisis, the Fed — acting with the European Central Bank, the Bank of Canada and the Swiss National Bank — agreed to loan investment banks money in [...]