Dubai Pressures Europe
Dubai has told the EU that it will not sign any pacts which restrict how and where it will invest in the region. It considers the request a form a discrimination. To point a…
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Year: 2008
All Year: 2008 Articles
Newest first · Page 273Europe Markets 4/30/2008 (BCS)(SAP)(ALU)
Markets in Europe were down modestly. The FTSE fell .7% to 6,044. Barclays (BCS) was down 3.2% to 445.5. The DAXX was off .4% to 6,859. BMW was down 2.1% to 34.30. SAP (SAP)…
Should The Feds Do More For Housing
The Chairman of the Federal Deposit Insurance Corporation says that the government is not doing enough to help the housing market. In a piece written for the FT by Sheila Bair, she argues that…
Alcatel-Lucent (ALU): How Does Pat Russo Keep Her Job?
Alcatel-Lucent (ALU) hit the market with more bad news. For the quarter ended March 31, the company reported a net loss of €181 million, compared with an €8 million loss a year earlier. Worse,…
Microsoft (MSFT): A Few Dollars For The Yahooligans
Microsoft (MSFT) may decide to pay $1.5 billion in payments to retain key employees at Yahoo!. (YHOO). According to Reuters "The $1.5 billion figure was discussed in a communication between the general counsels of…
Will Countrywide’s (CFC) Goon Squad Go To The Gallows?
The FBI appears to have uncovered some fraud in lending practices at Countrywide (CFC) and now the question is whether management knew. As Captain Renault said in a scene in Casablanca "I’m shocked, shocked…
Citigroup (C): A Promise Broken
The promise from Wall St. firms was implied, not spoken. The heads of operations like Morgan Stanley (MS) and Merrill Lynch (MER) said that the worst was probably over in the credit markets. It…
Starbucks (SBUX): New Drinks For Coffee Haters
In a sign of self-loathing, Starbucks (SBUX) is turning to non-coffee drinks to rescue it. The coffee chain will begin selling smoothies and Italian iced drinks this summer. The firm hopes the new offerings…
No Fed Rate Cut
In what may be the last great act of his presidency, George Bush is sending many Americans tax rebates. The checks began going out this week. Some households may get as much as $1,200.…
Media Digest 4/30/2008 Reuters, WSJ, NYTime, FT, Bloomberg
According to Reuters, the Fed will probably cut rates and them pause for some time Reuters writes that senior financiers see the current economic situation as a recession on Main Street and depression on…
Asia Markets 4/30/2008 (SNP)(HMC)
Markets in Asia were mixed. The Nikkei fell .3% to 13,450. Dentsu fell 4.4% to 239000. Honda (HMC) fell 3.8% to 3300. The Hang Seng fell .3% to 25,836. China Netcom (CN) fell 2.7%…
Yes, We Have No Bananas: Did Chiquita (CQB) and Del-Monte (FDP) Pick-Pocket Wal-Mart (WMT)?
Fresh Del-Monte (FDP) came out with some pretty strong earnings today. Income climbed to $63.6 million, or $1 per share, compared with $51.6 million, or 89 cents per share a year ago. Much of…
SPAC Dissolving: Shanghai Sentry Acquisition Corp.
Today, we have seen what may be one of the few special purpose acquisition companies, or SPAC’s, see a return of capital with a proposed deal voted down by shareholders. Shanghai Sentry Acquisition Corp.…
AT&T (T) To Make Big Apple (AAPL) iPhone Price Cut
To keep customers coming in when the new Apple (AAPL) 3G iPhone comes out, probably in June. AT&T (T) will cut prices on the current model by as much as $200. According to Fortune,"…
Citi Taps The Shareholder Keg (C)
Citigroup Inc. (NYSE: C) has come out tonight saying it will sell some $3 Billion in common stock. Citi claims that after its last $6 Billion, this $3 Billion would take its Tier One…