Archive for the 'Money - Finance' Category
Media Digest 11/21/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Citigroup (C) is weighing options including a sale.
Reuters reports that oil moved to a three-and-a-half year low.
Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) are suspending some foreclosures.
Reuters reports that Dell (DELL) says its China sales fell.Re…
Asia Markets And Europe Open 11/21/2008
Most markets in Asia rose.
The Nikkei was up 2.7% to 7,911.
The Hang Seng rose 3% to 12,668.
The Shanghai Composite was down .7% to 1,969.
In Europe, the FTSE opened down .5% to 3,857. The Dax was up .2% to 4,227. The CAC 40 was up .5% to 2,994.
Data from Reuters.
Douglas A. McInty…
Citigroup (C) Finally Gets It Right By Considering Auction Block
At final Citigroup (C) has decided to do something to save itself beyond having town corridor meetings and firing tens of thousand of citizens.
Today, shares of the big bank fell to a low of $4.39. In the summer of 2007, that stock traded about $52.
Finally, Citi has determined that it may not…
Still No Solutions For Mortgage Foreclosures
Fannie Mae (FNM) and Freddie Mac (FRE) announced that they will suspend foreclosures of occupied homes until early 2009. That appears to be an excellent way to stop the increase in evictions and bring some stability to housing prices. The two agencies own or have some level of control by roughly 50%…
Internet Revenue At New York Times (NYT) Needs To Be Going Up 100%, But It’s Not
Online revenue at The New York Times Company (NYT) would have to be doubling to prepare up for the drop in overall revenue, based on the figures the company supplied for October. Unfortunately, online sales increased less than 5% for the month.
With a number of newspaper companies shut to insolv…
Dell EPS Driven By Cost Cuts (DELL)
Dell Inc. (NASDAQ: DELL) has just posted earnings which may contain some surprises for bulls and bears alike. The PC maker posted $0.37 EPS and $15.16 billion in revenues versus $0.31 and $16.22 billion estimates.
This report has shares up in after-hours trading.Revenue was down 3% o…
The 52-Week Low Club (GOOG)(AAPL)(BAC)(F)(GM)(C)(CLWR)(PLD)(JNY)(STP)
Verifone (PAY) JP Morgan cut rating. Drops to $2.38 from 52-week high of $48.61.
Suntech (STP) Forecast below Wall St. estimates. Down to $5.60 from 52-week high of $90.
Jones Apparel (JNY) Part of retail sector sell-off. Sells off to $2.34 from 52-week high of $22.12.
Prologis (PLD) CEO is out…
DJIA Boot: Will GM, Alcoa, Citi Get Cut From Index? (GM, C, AA, F, AIG)
that is not going to be a pleasant topic, but by now we are all probably more than used to unpleasant profitable topics. The Dow Jones Industrial Average could rather soon follow its trend of booting some ‘former’ key components. The DJIA is unlike other index levels in that it is a pr…
Paulson: Current Financial Crisis A Once Or Twice A Century Event
Treasury Secretary Henry Paulson called the financial crisis now plaguing the world economy a “once or twice” in a 100 years event, even as he warned Thursday against imposing too-strict regulations to prevent a repeat calamity, according to an AP story.
What he did not say is whether that was th…
Ford Run by By S&P (F, GM)
Standard & Poor’s has come out with another timely research sign nowadays, and while shares are still up about 5% they are off of intra-day highs.. The ratings agency has lowered its ratings on Ford Motor Co. (NYSE: F) and its Ford Motor Credit Co. and related entities. The corpora…
Bank Of America (BAC) CEO Blames Government For Credit Crisis
Now that his company has its bailout cash from Henry Paulson, Bank of America (BAC) CEO Kenneth Lewis can say whatever he wants about the government. BAC has probably spent all the money, so the Treasury can’t take it back.
Today, Lewis blamed the current credit crisis on lax regulation by state …
Oouch! Auto Bailout Deal Dead In A Hour (GM)(F)
So much for the Detroit bailout that was supposed to be announced later nowadays.
CNBC is reporting that there is no deal.
The network writes: “Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi said a compromise agreement worked out earlier Thursday by four key senators would n…
Talk That Car Industry Will Get Bailout (GM)(F)
Word from Washington is that a bailout agreement has been reach among the various factions in Congress.
There will no details on the arrangement until a news conference later that afternoon
According to MarketWatch: "A small bipartisan group of lawmakers have reached a deal to buoy the…
Airline Industry 2009 Recovery - possibly - (AMR)(UAL)(DAL)(CAL)(SWA)(LCC)(JBLU)
Contact:
Robert
Herbst
AirlineFinancials.comPhone:
(314) 518-63…
