Traders See Limit to CIT’s Upside
Shares ofCIT Group Inc. enjoyed a temporary boost after the company said that former Merrill Lynch & Co. chief John Thain had taken the helm, but options traders appear to think the stock has limited potential. [Read the full article]
Treasury secretary Tim Geithner, who arguably belongs in prison for his role in the AIG bailout coverup, is back in the news again.Please consider Geithner Says U.S. Will Never Lose Aaa Debt Rating. Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its Aaa debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010.Absolutely not, Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. That will never happen to this country.Geithner said investors around the world turn to U.S. Treasury securities and dollar-denominated assets whenever they are worried about global stability. That reflects basic confidence in the U.S. and its ability to bounce back from the global recession, he said.Moodys Investors Service Inc. last week said the U.S. [Read the full article]
Epsilon, the industry’s leading marketing services firm, is supporting Kraft Foods in developing an enhanced, innovative consumer relationship marketing program. An Alliance Data (NYSE: ADS) business, Epsilon announced today that it will provide a comprehensive direct-to-consumer marketing solution, including database and data management, consumer data integration, permission-based email marketing services, multi-channel campaign management and interactive web services to Kraft Foods Inc. (NYSE: KFT). Kraft Foods is the world’s second-largest food company with annual revenues of $42 billion.
The multi-year agreements Epsilon signed with Kraft Foods support the company’s largest North American consumer web brands, including KraftFoods.com, KraftCanada.com and ComidaKraft.com. [Read the full article]