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Posts related to ‘WM’

Newspaper

Media Digest 9/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 22, 2008 at 3:00 am

According to Reuters, Goldman Sachs (GS) and Morgan Stanley (MS) will give up their investment banking status and become bank holding companies to have access to the government's proposed $700 ...
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Financial Stocks Set To Rocket (AIG)(WM)(GS)(MS)

Posted: September 19, 2008 at 6:59 am

Shares of major financial firms from Goldman Sachs (GS) to Morgan Stanley (MS) are up 25% to 35% in the pre-market.Washington Mutual's (WM) stock is up more than 40% and ...
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Data

Citigroup (C): Vikram Pandit’s Year Of Living Dangerously

Posted: September 19, 2008 at 4:29 am

Vikram Pandit's job was to cut Citigroup (C) down to size. "Reverse the insanity of the empire builders who came before you", his investors said. Dump the damaged assets ...
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Newspaper

Media Digest 9/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 18, 2008 at 2:54 am

According to Reuters, Morgan Stanley (MS) is in merger talks with several firms.Reuters says HSBC (HBC) may be a possible buyer for Morgan Stanley.Reuters reports that Washington Mutual (WM) is ...
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Washington Mutual (WM) Being Auctioned?

Posted: September 17, 2008 at 3:38 pm

The latest rumor on Wall St. is that Washington Mutual (WM) will be auctioned off and has retained Goldman Sachs (GS) to handle the deal. According to The New York ...
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Wamu

Bank Regulators Try To Auction Washington Mutual (WM)?

Posted: September 17, 2008 at 6:26 am

Bank regulators may be trying to find a home for Washington Mutual (WM). According to The New York Post, "The fate of Washington Mutual remained in question yesterday as federal ...
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The 52-Week Low Club 9/16/2008 (AIG)(WM)(MER)(CEG)(GHS)

Posted: September 16, 2008 at 2:57 pm

Constellation Energy Group (CEG) falls on fears of link to the Lehman bankruptcy. The company says no. The shares plunges to $13 from 52-week high of $107.97.Gatehouse (GHS) shows why ...
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Newspaper

Media Digest 9/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 16, 2008 at 2:42 am

According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive.Reuters report that the Fed will probably hold interest rates steady and signal ...
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Pc

A Relentless Day For Bad News: Hewlett-Packard (HPQ) To Cut 25,000

Posted: September 15, 2008 at 4:47 pm

After a savage day in which one Wall St. firm closed and another was sold, perhaps there might have been an evening's respite. Lehman (LEH) has more than 25,000 employees, ...
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Market Wipes Out Merrill Lynch (MER) Buyout Gains, Tomorrow Looks Worse

Posted: September 15, 2008 at 3:10 pm

At one point Merrill Lynch (MER) was up to $22.68 because of Bank of America's (BAC) buyout offer of $50 billion. Merrill closed at $17.05 on Friday.Wall St. is now ...
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Major Financials Crushing Their Own Stocks (MER, BAC, LEH, AIG, C, WM, MS, GS)

Posted: September 15, 2008 at 8:05 am

Covering financial stocks this morning looks a bit like an assassination happening live on television.  Futures are being pulled sharply lower by the financial stocks melting down.  We are going ...
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Wamu

Washington Mutual (WM) Bail-Out Could Cost $24 Billion

Posted: September 15, 2008 at 4:32 am

A bail-out of Washinton Mutual (WM) could cost tax-payers another $24 billion. According to Bloomberg, Richard Bove, an analyst at Ladenburg Thalmann & Co., said the federal government may have ...
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Fed

Big Banks Work On Slush Fund To Save Smaller Firms

Posted: September 14, 2008 at 6:17 pm

Several of the world's largest banks on working on assembling a $50 billion fund to offer capital to weaker financial companies as firms like Lehman (LEH), Merrill Lynch (MER), and ...
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Merrill

Bank Of America (BAC) In Talks To Buy Merrill Lynch (MER)

Posted: September 14, 2008 at 3:18 pm

Convinced that a Lehman (LEH) Chapter 11 could cause huge losses for other large financial institutions, the weakest players have become desperate to find partners or buyers. According to The ...
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Aig

Wall St. Turns On AIG (AIG): Time’s Up

Posted: September 12, 2008 at 11:49 am

AIG (AIG) as taken its turn in the penalty box today, joining Washington Mutual (WM), Lehman (LEH), and Merrill Lynch (MER).After after three quarters of significant write-offs, AIG is down ...
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