Quantcast

Daily Archives: April 14, 2008

A Big Loss At Wachovia (WB)

Posted: April 14, 2008 at 5:44 am

According to Reuters, the net loss for Wachovia (NYSE: WB) was $350 million. The loss available to common stockholders, including preferred stock dividends, was $393 million, or 20 cents per ...
Read Full Story »

If Food Prices Are The World’s Greatest Economic Problem, There Is No Solution

Posted: April 14, 2008 at 5:41 am

At recent G-7 finance minister meetings and the IMF gathering, food prices were identified, by many measures,  as being a larger issue for the global economy than the credit crisis ...
Read Full Story »

Deutsche Bank (DB) Has A Deal For You

Posted: April 14, 2008 at 5:06 am

Deutsche Bank (NYSE: DB) is in the process of selling $20 billion of LBO loans. If the financial firm thought its earnings were OK and that its balance sheet would ...
Read Full Story »

Wachovia (WB) Deal Shows Banks Still In Peril

Posted: April 14, 2008 at 4:52 am

Wachovia (NYSE: WB) will raise between $6 billion and $7 billion. Will the money come in at $28 where the bank trades now? That is already down by half from ...
Read Full Story »

Delta (DAL) And Northwest (NWA): A Day Late And A Dollar Short

Posted: April 14, 2008 at 4:38 am

The revived merger between Delta (DAL) and Northwest (NWA) is based on the premise that, in a airline industry depression, two carriers mashed together work better than if they remained ...
Read Full Story »

Night Of The Living Dead: Blockbuster (BBI) Bids For Circuit City (CC)

Posted: April 14, 2008 at 4:18 am

It is the kind of deal that investment bankers trying to save their jobs and desperate CEOs might dream up. Blockbuster (NYSE:BBI) has proposed to buy Circuit City (NYSE:CC) for ...
Read Full Story »

Media Digest 4/14/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 14, 2008 at 2:42 am

According to Reuters, Blockbuster (NYSE:BBI) said it has offered to buy Circuit City (NYSE:CC) for $6 to $8 in cash.Reuters writes that a merger between Delta (NYSE:DAL) and Northwest (NYSE:NWA) ...
Read Full Story »

Asia Markets 4/14/2008 (SNE)(LFC)(PTR)

Posted: April 14, 2008 at 2:20 am

Markets in Asia were down sharply.The Nikkei fell 3.1% to 12,918. Canon fell 5% to 4610. KDDI fell 7.8% to 641000. Sony (SNE) fell 4.5% to 4050.The Hang Seng dropped ...
Read Full Story »