Quantcast

Monthly Archives: January 2009

Sunset

The UK Moves To Bailout Everything

Posted: January 19, 2009 at 6:15 am

Faced with a $42 billion loss at RBS (RBS) and credit markets which appear to become more frozen as each day passes, the UK will move its economic rescue package ...
Read Full Story »
Winter

Media Digest 1/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 19, 2009 at 5:14 am

According to Reuters, there is at least some chance that the US could have to nationalize some banks.Reuters reports that the UK launched a huge new bank rescue plan.Reuters writes ...
Read Full Story »
Water_lilies

Asia Markets And Europe Open 1/19/2009

Posted: January 19, 2009 at 4:52 am

Markets in Asia were slightly higherThe Nikkei rose .3% to 8,257.The Hang Seng was up .6% to 13.340.The Shanghai Composite was higher by 1.7% to 1.987.On news of a huge ...
Read Full Story »
Bejiqcavb2e9ycazw6i8pcauk6iqhca6pxd

Relating Unrelated News: American Attitudes And The UK Economy

Posted: January 18, 2009 at 5:34 pm

It is stunning to think that Americans have begun to believe that this recession and the effects that it will have on their lives could go on for years. It ...
Read Full Story »
Old_car

Creditors Obstruct GM Rescue: Detroit Becomes Too Big To Fail

Posted: January 17, 2009 at 11:26 am

The UAW and GM's (GM) creditors are making the great auto company bailout a process that will funnel money into Detroit for years beyond the March 31 deadline which has ...
Read Full Story »
Empire

Building A $1 Trillion “Bad Bank” (C)(BAC)(WFC)(JPM)

Posted: January 17, 2009 at 8:08 am

The federal government really does not want to build a "bad bank" to take toxic assets from America's largest financial institutions. It has taken a number of measures to avoid ...
Read Full Story »

Layoff Watch: 11,000 From GE (GE)?

Posted: January 16, 2009 at 2:03 pm

According to Bloomberg, GE (GE) may layoff as many as 11,000 people at its financial unit."General Electric Co.’s finance arm may cut 7,500 to 11,000 jobs, or at least 10 ...
Read Full Story »
Bejiqcavb2e9ycazw6i8pcauk6iqhca6p_2

Astonishing Worker Layoff Count Today (PFE)(WLP)(PFE)(HTZ)(AMD)

Posted: January 16, 2009 at 1:02 pm

Looking at the headlines at WSJ.com, the majority are about large companies that cut workers today. Circuit City is liquidating, which could put 30,000 people out of work. AMD (AMD) ...
Read Full Story »
Money_stack_pic_2

Will Big Oil Go Shopping? (XOM, CVX, RDS, BP, COP, APA, DVN, APC)

Posted: January 16, 2009 at 11:48 am

Yesterday's story about Venezuela opening the bidding for its oil resources raised an interesting question. What are the chances that Exxon Mobil Corporation (NYSE:XOM), with nearly $40 billion in cash ...
Read Full Story »
Circuit_city_logo

Circuit City’s Hari Kari

Posted: January 16, 2009 at 11:37 am

Today marks the official death of Circuit City Stores, Inc.  All hopes of reviving or saving all or part of the company are gone.  The company is now officially seeking ...
Read Full Story »
Winter_2

Paulson Predicts Banks Are Done For, Shares Drop (AIG)(FNM)(FRE)(C)(JPM)(BAC)(WFC)

Posted: January 16, 2009 at 11:23 am

It has begun to dawn on investors. The news about Bank of America (BAC) and Citigroup's (C) fourth quarter earnings is the beginning of the end of the private enterprise ...
Read Full Story »
Witch_burning

Cosmetics Companies Down The Recession Drain (EL, RDEN, AVP, BARE, REV)

Posted: January 16, 2009 at 10:30 am

Husbands have long joked that certain segments in their households, such as cosmetics and personal beauty care products, were largely immune from recessions.  Many will still joke about this, but ...
Read Full Story »

Deutsche Bank Comments on GM, Saying Operationally Things Look Good But Stock Still A Zero

Posted: January 16, 2009 at 9:18 am

Analysts at Deutsche Bank commented on General Motors (NYSE: GM) after the company presented additional details of its restructuring plan at the Detroit Auto Show Conference on Thursday. They said ...
Read Full Story »
Schwab_logo

Schwab’s Numbers Down, But Now The Envy of Wall Street (SCHW)

Posted: January 16, 2009 at 9:17 am

Charles Schwab Corp. (NASDAQ: SCHW) results might not be that great compared to before, but they may be the envy of Wall Street.  The online discount broker not only made ...
Read Full Story »
Burning_money_pic_2

Consumer Deflation, The Risks Are Real

Posted: January 16, 2009 at 8:38 am

The December Consumer Price Index, or CPI measuring consumer-level inflation, is showing that the risks to deflation are real.  Low prices are good.  Low prices that go lower can generate ...
Read Full Story »