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Daily Archives: August 18, 2008

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Morgan Stanley (MS) 2009 As A Year Of The Locusts

Posted: August 18, 2008 at 4:37 am

In the current age of financial pessimism, Morgan Stanley (MS) does not want to be bested. In a show of unusual courage, its president is predicting that the world of ...
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Lehman (LEH): The Executioner’s Song

Posted: August 18, 2008 at 4:18 am

Lehman (LEH) has just begun to defile itself. After several quarters of losses and promises of better days, the press is reporting that the brokerage will have negative earnings for ...
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Banks Look To Refinance Maturing Debt As Capital Issues Abound (C) (BAC)

Posted: August 18, 2008 at 3:51 am

With nearly all of the top investment banks in a precarious financial position as a result of horrific investments in bad debt, banks have no shortage of things to worry ...
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GM (GM) Pulls Out Of Oscars — How Can It Slash Costs And Turn The Company Around?

Posted: August 18, 2008 at 3:47 am

General Motors (GM) has decided that it will not serve as a sponsor for the the 2009 Academy Awards, ending a long relationship that included $13.5 million in ad spending ...
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Media Digest 8/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 18, 2008 at 2:41 am

According to Reuters, analysts expect Lehman (LEH) to have a $1.8 billion loss. Reuters writes that the US is likely to recapitalize Fannie Mae (FNM) and Freddie Mac (FRE). Reuters ...
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China

Asia Markets 8/18/2008 Shanghai Down Over 5%

Posted: August 18, 2008 at 2:17 am

Markets in Asia were mixed with Shanghai off 5.3% The Nikkei rose 1.1% to 13,165. Bridgestone rose 2.2% to 1890. Canon rose 2.3% to 5260.The Hang Seng was down 1.8% ...
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