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Daily Archives: December 24, 2008

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Retailers Want Bailout, Too

Posted: December 24, 2008 at 5:56 am

Add to the list of the hundreds of companies and scores of industries that want part of the Obama bailout money the nation's largest retailers.The National Retail Federation has proposed ...
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Fed

Do Bank Of America (BAC), JPMorgan (JPM), And Wells Fargo (WFC) Kill Dividends?

Posted: December 24, 2008 at 5:27 am

Last October, Bank of America (BAC) cuts its dividend in half to $.32. Citigroup (C) has taken its down to a penny a share.There are not may reasons to invest ...
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How Close Is Cerberus To The Ledge?

Posted: December 24, 2008 at 4:54 am

Cerberus, the private equity firm which has taken large positions in Chrysler and GMAC, is stopping year-end withdrawals from one of its large funds. According to The Wall Street Journal, ...
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Will The New York Times (NYT) And New York Post Share Content?

Posted: December 24, 2008 at 4:43 am

Yesterday, The Washington Post (WPO) and Baltimore Sun said they will start to share content to save money. The newspaper industry's fortunes are that bad. The Post says that the ...
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Newspaper

Media Digest 12/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: December 24, 2008 at 3:46 am

According to Reuters, authorities do not think Madoff could have acted alone.Reuters show that the US is sinking deeper into recession.Reuters reports that the SEC defended it response to the ...
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Brit

Asia Markets And Europe Open 12/24/2008

Posted: December 24, 2008 at 3:15 am

Many markets were closed for the holidays.In Japan, the Nikkei fell 2.4% to 8,501 after bad earnings forecasts from Toyota (TM).The Hang Seng was down .3% to 14,184.The Shanghai Composite ...
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