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Daily Archives: June 19, 2008

More Oil Woes In Nigeria

Posted: June 19, 2008 at 5:40 am

Shell has shut some of its oil production in Nigeria.According to CNN Money "it shut down production from an offshore oil field that produces about 200,000 barrels per day after ...
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Thornburg (TMA) Problems Raise CountryWide (CFC) Issues

Posted: June 19, 2008 at 5:35 am

Thornburg Mortgage (TMA) may not make it. The mortgage lender once has a market cap of well over $5 billion. Its shares are down to $.65 and its market value ...
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Verizon (VZ) Ups Broadband Speed, But Who Will Know?

Posted: June 19, 2008 at 5:16 am

Verizon (VZ) is going to make its FiOS fiber-to-the-home product deliver even faster broadband speeds. It is hard to imagine that their customers will even know.The new product will run ...
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Another Private Equity Fund Shafts A Buy-Out Target

Posted: June 19, 2008 at 5:00 am

The private equity dance always looks the same now. In 2006 or early 2007, when credit was plentiful and the stock market was up 100% a year, funds would offer ...
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Detroit Ostrich Farm: GM (GM) Cuts Back SUV Design

Posted: June 19, 2008 at 4:43 am

Elvis has left the building but that does not seem to matter to GM. The company is cutting back on new designs for future SUVs, the same SUVs that no ...
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Spint (S) Takes On The Apple (AAPL) iPhone

Posted: June 19, 2008 at 4:30 am

The cries of desperation can still be heard from the Sprint (S) headquarters. The company continues to lose money and subscribers. It is now a distant third in the cellular ...
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Media Digest 6/19/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 19, 2008 at 2:58 am

According to Reuters, Paulson will push for more market and financial regulations.Reuters writes the Anheuser-Busch (BUD) board will meet on the InBev offer.Reuters reports that the GAO was critical of ...
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Asia Markets 6/19/2008 Shanghai down 6.5% (LFC)(SNP)(TM)

Posted: June 19, 2008 at 2:31 am

Markets in Asia fell sharply.The Nikkei was off 2.2% to 14,130. Mazda fell 5.5% to 568. Toyota (TM) fell 3.2% to 5490.The Hang Seng dropped 2.2% to 22,807. China Life ...
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