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Daily Archives: July 11, 2008

Citigroup (C) Sells German Unit: The Dismantling Of Sandy Weill’s Mansion

Posted: July 11, 2008 at 4:28 am

Shareholders at Citigroup (C) have been begging new management to auction off as much of the bank as the new CEO can find. They reckon that is the only way ...
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GE (GE) Dumps A Unit

Posted: July 11, 2008 at 4:19 am

GE (GE) raised $5.4 billion by selling its Japanese consumer financial unit to Shinsei Bank.GE does not need the capital, but it does need to fuel the perception that it ...
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InBev May Own Anheuser-Busch (BUD) In Short Order

Posted: July 11, 2008 at 4:12 am

Anheuser-Busch (BUD) may finally be admitting that it cannot get its shares up from $50 to the InBev bid of $65, even it its cuts costs and sells assets. BUD ...
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A Government Bail-Out Of Fannie Mae (FNM) And Freddie Mac (FRE): Shareholders Get Nothing

Posted: July 11, 2008 at 4:02 am

It has started to look like a pattern. A financial company gets in trouble. It stocks falls. The shareholders take a haircut. Sometimes that haircut is 60% and sometimes the ...
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Short Interest In Financials, Industrial, And Tech Rises (WM,WB,GM,WFC,C,GE,BAC,INTC,CSCO,DELL,LVLT,YHOO,SIRI,XMSR)

Posted: July 11, 2008 at 3:03 am

The short interest in most financial and industrial companies rose sharply for the period ending June 30. Shares sold short in Washington Mutrual (WM) rose 21.6 million to 276.4 million. ...
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Media Digest 7/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: July 11, 2008 at 2:46 am

According to Reuters, the government is considering taking over Freddie Mac (FRE) and Fannie Mae (FNM).Reuters writes that Google (GOOG) thinks that an independent Yahoo! (YHOO) would be better for ...
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Asia Markets 7/11/2008 (CHL)(CHU)

Posted: July 11, 2008 at 2:25 am

Markets in Asia were mixed.The Nikkei fell .2% to 13,040. Canon was off 1.5% to 5100. Dentsu was down 2.6% to 223000.The Hang Seng rose 1.6% to 22,174. China Mobile ...
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