Central Bank Action Reverses Market Slides
For the time being, the move by central banks to add $180 billion to the financial systems to improve liquidity at large banks and brokerages seems to be working. The Hang Seng, which was…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 123Attacking The Wrong Problem: Huge Help For Banks, Nothing For Mortgages
The Fed and a number of other large central banks will put $180 billion into the markets to improve liquidity. Policy makers “continue to work together closely and will take appropriate steps to address…
Media Digest 9/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
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 being auctioned…
Asia Markets 9/18/2009 (SNE)(TM)
Markets in Asia were sharply lower. The Nikkei fell 2.2% to 11,489. Sony (SNE) hit a five year low. Honda (HMC) dropped sharply. The Hang Seng was off over 5% to 16,742. Industrial &…
Constellation, Maybe Not Out For The Count (CEG)
Constellation Energy (NYSE: CEG) may have found a savior. Its US partner, France-based EDF, is reportedly considering making either a bid or at taking an increased stake. This is also in the midst of…
Wachovia (WB) Expresses Interest In Morgan Stanley (MS)
The New York Times is reporting that Morgan Stanley (MS) has been approached by Wachovia (WB) about a buyout. According to the paper, the broker is also considering other options. Douglas A. McIntyre
Washington Mutual (WM) Being Auctioned?
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 Times, Wells Fargo (WFC),…
Urban Outfitters Chairman Unloads Stock (URBN)
Urban Outfitters Inc. (NASDAQ: URBN) been immune for the most part from the stock market carnage. Shares closed down almost 5% at $34 today, but the stock still trades well nto the upper echelon…
The 52-Week Low Club 9/17/2008 (MS)(GS)(VSE)
Morgan Stanley (MS) tumbles on fears it will be the next victim of credit crisis. Shares falls to $16.08 from a 52-week high of $69.87. Goldman Sachs (GS) Even the premier US investment bank…
GE Responding To Market Insanity (GE)
We won’t bother discussing the current market situation as being a very difficult one. But the problem isn’t just the baby being thrown out with the bathwater. Now, investors are throwing out mommy, daddy,…
Midwest Banc: Dr. Jekyll or Mr. Hyde? (MBHI)
Midwest Banc Holdings Inc. (NASDAQ: MBHI) looks like it is taking an about-face move from its comments from last week. Shares of the holding company for Midwest Bank and Trust Company are hitting new…
S&P Slams GM Hard (GM)
As if the US auto industry wasn’t already under fire enough, today we have yet another ratings action. The good news is that this is on the stock rather than the debt ratings. The…
Gold Stocks to the Rescue? (ABX, GG, GLD)
Back in July we noted that two big gold miners were pulling back on 2008 guidance. Barrick (NYSE:ABX) and Goldcorp (NYSE:GG) were both predicting production at the lower end of guidance and rising costs…
Microsoft (MSFT): Buying Search Engine Share Overseas
Everyone who looks at the news knows that Microsoft (MSFT) has a search engine market share problem in the US. By most measures, it has about 10% of the pie. If it had been…
SEC Finally Curbs Naked Short Selling
The Securities and Exchange Commission has announced new measures this morning to curb naked short sales. The rules impose a firm close-out requirement on short sellers and their brokers. Parties must now deliver securities…