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Monthly Archives: June 2010

Moody’s Chops BP Rating

Posted: June 18, 2010 at 8:00 am

In another sign that there is concern about the long-term financial viability of BP plc (NYSE: BP) at least as it is structured as a corporation today, Moody's sharply cut ...
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All The CEOs Not In The “Loop”

Posted: June 18, 2010 at 6:01 am

Tony Hayward of BP plc (NYSE: BP) was not in the "loop" about the Deepwater Horizon rig and any problems at the drill site. He says that his company has ...
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Sony CEO Makes $8.8 Million For Driving Company Into The Ground

Posted: June 18, 2010 at 5:21 am

Sony (NYSE: SNE) CEO Sir Howard Stringer spends his time jet setting among his offices and homes in Tokyo, New York, and his native Wales. Sony has lost money two ...
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Greenspan’s Case That US Borrowing Power Will Disappear

Posted: June 18, 2010 at 5:05 am

Alan Greenspan still occasionally shows up on the global stage to sell a new book or defend his legacy as Fed chairman. He must find it irritating that his predecessor ...
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Toyota Hit By China Strike

Posted: June 18, 2010 at 4:38 am

Toyota Motor (NYSE: TM) has been hit by labor strikes in China. The Toyoda Gosei Co. plant in the northern city of Tianjin is owned 42% by Toyota along with ...
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Media Digest 6/19/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 18, 2010 at 3:52 am

Reuters:   A plan to isolate swaps from bank deposit assets will be in the financial reform bill. Reuters:   The Volcker rule would prevent mergers among large banks. Reuters:   Facebook's 2009 ...
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VW, Mitsubishi, Land Rover Finish At Bottom Of Car Quality Survey

Posted: June 17, 2010 at 5:05 pm

Research group J.D.Power came out with its Initial Quality Study for cars, small trucks and SUVs. The survey ranks vehicles  by number of problems per hundred vehicles. This year, the ...
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FedEx, The Union-Buster? (FDX, UPS)

Posted: June 17, 2010 at 4:39 pm

FedEx Corporation (NYSE: FDX) may have been part of the reason for the rally late today that took markets into positive territory.  Headlines hit late in the day on the ...
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BP plc Downgraded By S&P To “A/A1″On Spill Costs

Posted: June 17, 2010 at 4:37 pm

S&P lowered it long- and short-term corporate credit ratings on BP to 'A/A-1' from 'AA-/A-1+' and kept the firm on CreditWatch negative. The ongoing CreditWatch placement reflects S&P's view regarding ...
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BP, Freddie Mac, and Mortgage Relief (FRE, FNM, BP, C)

Posted: June 17, 2010 at 2:41 pm

Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) are two companies with an unlikely tie to the BP plc (NYSE: BP) oil spill catastrophe in the Gulf.  But after ...
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REITs Coming Back For More Capital (DRE, FCH)

Posted: June 17, 2010 at 12:12 pm

It seems we have more secondary offerings coming back into the fold now that the markets have stabilized and recovered.  Many real estate investment trusts (REITs) raised vast sums of ...
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Qualcomm’s New Antitrust Soup (QCOM, BRCM, NOK)

Posted: June 17, 2010 at 11:10 am

Qualcomm Inc. (QCOM) is back in the soup after disclosing a new antitrust investigation by the European Commission.  The company noted that this is at a very preliminary stage and ...
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Philadelphia Fed Numbers Show Ugly Economic Trends

Posted: June 17, 2010 at 10:30 am

Results from the Philadelphia Federal Reserve show business activity in the region is slowing, a sign the economic recovery has already begun to burn out. The June "Business Outlook" data ...
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Who Is Tony Hayward?

Posted: June 17, 2010 at 10:17 am

By Heather Horn of The Atlantic Wire BP Chief Tony Hayward is scheduled to appear before Congress at 10 a.m. Thursday, a day after meeting with President Obama  and promising ...
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Will Murdoch Sell MySpace For $1?

Posted: June 17, 2010 at 10:08 am

Now that AOL, Inc (NYSE: AOL) has sold social network Bebo to Criterion Capital, which must have more money than sense, Rupert Murdoch has a precedent for dumping his moribund ...
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