Quantcast

Daily Archives: May 21, 2009

Winter

Sony (SNE): A Plan To Cut But Not Build

Posted: May 21, 2009 at 5:08 am

Sony's (SNE) plan to turn itself around is all about cutting costs and has nothing to do with building new products or restructuring the firm's content operations. Sony's management laid ...
Read Full Story »
bank

Bank Of America (BAC): An Audacious Plan To Pay Back The Government

Posted: May 21, 2009 at 4:51 am

Bank of America (BAC) is hinting strongly that it plans to pay back the US government the $45 billion that it owes by the end of this year. Bank stress ...
Read Full Story »
bear

UK Debt Trouble Moves Soveign Borrowing Problem Closer To US

Posted: May 21, 2009 at 4:32 am

No one in the US worried much when S&P downgraded the sovereign debt of The Ukraine or the Republic of Kazakhstan. Now, the trouble has moved much closer to home as ...
Read Full Story »
bear

The Joy Of Reading The Minutes Of The Federal Open Market Committee

Posted: May 21, 2009 at 4:07 am

The FOMC minutes are like most other documents produced inside the government’s bureaucracy. The bulk of the information has been gathered long before the report reaches the public. In the ...
Read Full Story »
bank

Who Runs The Government’s Portfolio? (C)(GM)(AIG)

Posted: May 21, 2009 at 3:58 am

The federal government will end up owning bits and pieces of businesses including banks, car companies and insurance firms as it puts money into industries weakened by the recession. The ...
Read Full Story »
newspaper

Media Digest 5/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 21, 2009 at 3:03 am

Reuters:   Congress passed a bill to put restrictions on credit card companies. Reuters:   The Fed mulled increasing securities during its April meeting. Reuters:   Geithner said the US was making progress ...
Read Full Story »
Sunset

Asia Markets And European Open 5/21/2009

Posted: May 21, 2009 at 2:29 am

Markets in Asia were lower. The Nikkei fell .9% to 9,284. The Hang Seng fell 1.3% to 17,248. The Shanghai Composite was down 1.5% to 2,611. At the open in ...
Read Full Story »