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Daily Archives: October 16, 2008

Data

Citigroup (C) Earnings: Still Sweating

Posted: October 16, 2008 at 6:21 am

Citigroup (C) is still struggling. The bank reported a net loss for Q3 2008 third of $2.8 billion, or $.60 per. Total assets declined by $50 billion since second quarter ...
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Merrill

Merrill Lynch’s (MER) Bad Medicine

Posted: October 16, 2008 at 5:50 am

A lot of people on Wall St. were worried about the future of Merrill Lynch (MER) and were glad when Bank of America (BAC) bought it. Now, Bank of America ...
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Iphone

Nokia (NOK): The Cellphone Business Used To Be Great

Posted: October 16, 2008 at 5:42 am

Nokia (NOK) is a great company for two reasons. It has been run so well that it has nearly 40% of the global cellphone business even though it is headquartered ...
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R218533_855025

The Problem With Cuomo Taking Back AIG (AIG) Bonuses

Posted: October 16, 2008 at 5:22 am

The notion that corporate executives are paid too much money is very old. Everyone protests the habit and says the system should make compensation more reasonable. But, big company CEOs ...
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Patricide At GMAC (GM)

Posted: October 16, 2008 at 5:03 am

GMAC was set up decades ago so that GM car customers could get inexpensive loans to buy their new vehicles. It made so much sense that most other auto firms ...
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Earth

Note From Switzerland: Hell Is Coming

Posted: October 16, 2008 at 4:37 am

The Swiss pride themselves in being calm, reserved people. Unlike the Spanish, English, Germans, and French, they have never given the world much trouble.The trouble, it appears, has been visited ...
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Newspaper

Media Digest 10/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 16, 2008 at 2:42 am

According to Reuters, Swiss banks are getting large amounts of capital to fight the global credit crisis.Reuters reports that AIG (AIG) is lobbying to loosen government oversight rules.Reuters reports that ...
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Jap

Asia Markets And Europe Open 10/16/2008: Japan Off 11%

Posted: October 16, 2008 at 2:09 am

Markets in Asia fell sharply.The Nikkei fell 11% to 8,658. The Hang Seng fell 7.6% to 14,786. The Shanghai Composite moved down by 3.8% to 1,919.In Europe, the FTSE opened ...
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