Cutting Wall St. Bonuses Doesn’t Work (MS)(MER)
John Thain of Merrill Lynch (MER) and John Mack of Morgan Stanley (MS) looked like men in hostage video tapes with guns held to their heads as they were forced to forgo their 2008…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 25Suppliers: The Other Catastrophe In The Auto Sector
If the federal government puts $15 billion into the car companies, it will have made a start at fixing The Big Three. It may take another $100 billion to finish the job, and, if…
No Fixing The Housing Crisis While People Feel Poor
The theory about the economy, which probably has the benefit of being true, is that while the housing market is broken, the rest of the country’s financial problems will remain largely unsolved. Too many…
Sony’s (SNE) Revival Fails (AAPL)(MSFT)
Once people stopped buying the Walkmen and PlayStations and the consumers’ attention moved to the Apple (AAPL) iPod and Microsoft (MSFT) Xbox, Sony may have gone beyond its prime to such as extent that…
Media Digest 12/9/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, The Tribune Company filed for Chapter 11. Reuters reports that Congress and The White House are close to a bill that would give Detroit modest loans. Reuters reports that Fannie Mae…
Asia Markets And Europe Open 12/9/2008
Markets in Asia were mixed. The Nikkei rose .8% to 8,396. Honda (HMC) rose slightly. Nintendo was up on news of strong sales. The Hang Seng fell 2.2% to 14,718. The Shanghai Composite fell…
CEO Of The Year Nominees: 10) Irene B. Rosenfeld Of Kraft (KFT)
24/7 Wall St. will name its annual CEO of the Year later this week. The executive will be picked from a field of ten which we will profiled over the last ten days. The…
China Still Has Money To Loan Brazil $10 Billion
The economy in China may not be so troubled as some experts say. The world’s most populated nation would like to loan Brazil $10 billion to develop tremendous new oil fields off its coast…
Winner Of Nobel Economics Prize Seems Crestfallen
Winning the Nobel Prize should brighten the spirit, especially since it comes with a $1.3 million cash prize. Not so for Paul Krugman, this year’s winner for economics. He is simply too depressed about…
More Changes Of Heart On The Credit Crisis
Experts have been making predictions about when the credit crisis would end since several Wall St. CEOs said it was almost over this summer. A number of economists say the downturn could go on…
Will Rogers Never Saw TI’s Expectations (TXN)
Texas Instruments Inc. (NYSE: TXN) lowered guidance at its mid-quarter update. We expected this, but the magnitude here for companies reporting data later this quarter is getting worse than those which gave guidance back…
Merrill Lynch (MER) CEO Will Seek No Bonus, Perhaps Board Will Reward Him Anyway
After it was reported that Merrill Lynch (MER) CEO John Thain was after a $10 million bonus he was viciously attacked by everyone from the media to NYS Attorney General Andrew Cuomo. Late today,…
National Semi’s Severe Guidance Cut (NSM)
National Semiconductor Corp. (NYSE: NSM) reported disappointing second quarter sales and profit for the second quarter after the close. The chipmaker said that net income fell to $33.9 million, or $0.14 per share. This…
Microsoft (MSFT) Means To Push Google (GOOG) In Online Apps Business
The theory goes something like this: Microsoft (MSFT) has a model for selling software which is installed in a PC or server and uses that device’s computing power and memory to run the applications.…
Following Good Xbox News From Microsoft, Nintendo Has Strong Sales
The recession is not breaking the video game addiction shared by so many Americans. Even in a downturn they can find cash for games and consoles. Microsoft (MSFT) said Xbox sales broke records on…