Quantcast

Daily Archives: September 28, 2008

R218533_855025

As Wachovia (WB) And Fortis Falter: The Bailout Will Have Been Too Little

Posted: September 28, 2008 at 6:01 pm

Two European financial firms fell apart during the last 24 hours. The U.K. government said that mortgage bank Bradford & Bingley is being nationalized after investors and lenders lost confidence ...
Read Full Story »
Wachovia20color1_1

Banks Wait To Screw Wachovia (WB) Shareholders

Posted: September 28, 2008 at 7:30 am

Banks and investment banks who watched Bear Stearns, Washington Mutual, and Lehman go down in flames have learned a lesson. Bank of America (BAC) moved too fast to buy Merrill ...
Read Full Story »
Goog

Wall St. Turns On Google (GOOG)

Posted: September 28, 2008 at 7:10 am

The perverse view of Google (GOOG) as a "recession proof" company has already been given lie by the firm's share price. Last week, the stock got as low as $421, ...
Read Full Story »
Newspaper

UK Financial News Wrap: FT, Times, Telegraph, Observer

Posted: September 28, 2008 at 6:57 am

According to The Times of London, the Treasury is poised today to nationalize Bradford & Bingley, the troubled mortgage bank.The Times also reports that hedge funds and institutions could be ...
Read Full Story »
Applelogo1

Apple (AAPL): Unlocking The iPhone, Hammering It Partners

Posted: September 28, 2008 at 6:43 am

Apple (AAPL) has begun the process of "unlocking" its new 3G iPhone, a move that caused controversy with the earlier version of the handset.The unlocked phone can be used on ...
Read Full Story »
Treasury

Bailout Deal Looks Done

Posted: September 28, 2008 at 5:25 am

The bailout may be done. According to The Wall Street Journal, "U.S. lawmakers said a tentative deal has been reached to bailout the troubled financial system. Treasury Secretary Henry Paulson ...
Read Full Story »