This week on Stockhouse March 10-14
Fed’s actions lead to extreme highs and lows in the markets this week. The Fed and other central banks’ announced plan to ease subprime woes and S&P’s optimistic outlook for the financial sector couldn’t…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 332Bear Stearns (BSC) Investor Loses $800 Million
Joe Lewis, a British billionaire, has lost $800 million from investing in Bear Stearns (NYSE: BSC). Lewis has almost 10% of the brokerage company’s shares. According to the Times ‘The huge paper losses could…
With New Dubai Project, Number Of Sovereign Funds Grows
Sovereign equity funds are huge pools of capital controlled by foreign governments. Most countries have one. Dubai is so rich is has decided it needs two. The country currently has one large fund, Dubai…
Goldman Sachs (GS) To Write-Down $3 Billion According To Media Report
Goldman Sachs (NYSE: GS) will take a $3 billion write-down when its announces its quarterly results, according to the Telegraph. That will cut the firm’s first quarter earnings by 50%. "Goldman will also take…
China’s CITIC Securities To Walk Out On Bear Stearns (BSC)
In a previously announced deal China’s CITIC said it planned to invest $1 billion in Bear Stearns (NYSE: BSC). It has had a day to think that over after Bear nearly went under and…
McDonald’s (MCD), Sara Lee (SLE) And Wheat
The price of wheat has gone up three-fold in ten months. For something that looks like a weed, that is an impressive run. Since a large number of business from McDonald’s (NYSE: MCD) to…
UBS (UBS) Faces Suit Over Auction-Rate Markets
In the first of what is likely to be an avalanche of suits over the collapse of the auction-rate market, UBS (NYSE: UBS) has been sued for misleading investors. According to The Wall Street…
Home Builders Sucked Into Credit Crisis (LEN)(TOL)(KBH)
As the financial crisis spreads quickly from Wall St. to other industries, two large home building projected have received default notices. The problems involve developments in Las Vegas where house prices has collapsed. A…
Google’s (GOOG) YouTube Posts Big Numbers
Google’s (NASDAQ: GOOG) YouTube continues to gain visitors. It competitors have to be dismayed. According to comScore, YouTube had a 34.3% share of all videos watched in the US during January, an improvement of…
NYSE Going Further Into Futures & Derivatives (NYX, CME)
NYSE Euronext (NYSE: NYX) and CME Group, Inc. (NYSE: CME) announced late today that NYSE would purchase CME Group’s Metals Complex. NYSE noted that trading of full and e-mini contracts in gold and silver…
52-Week Lows, Massive List (ALU, BGP, CELL, BBW, CVO, DENN, GCI, INFY, INTU, KLAC, NT, NWA, NXTM, PDLI, PFE, Q, SVVS, SNE, BID, TWX)
This was a massive list of lows today. Not all closed on lows, but the list was chopped down greatly just to accommodate the size of it. If you look at the list, there…
Icahn Takes Larger Stake in Enzon (ENZN, IEP)
In an SEC Filing, it was disclosed that Carl Icahn has taken a larger stake as an activist in Enzon Pharmaceuticals Inc. (NASDAQ: ENZN). The stake is listed as 6.93% for just over 3.07…
Moody’s Downgrade of WaMu Implies Junk Rating Near (WM)
This is just not a good day for financial stocks. Washington Mutual Inc. (NYSE: WM) is feeling some additional pain, and it isn’t because of having ties to any government bailout package. Moody’s came…
Bear Stearns To Address Current Situation (BSC, JPM)
The Bear Stearns Companies Inc. (NYSE: BSC) announced that will host a conference call today at 12:30 P.M. EST. The stock is now down more than $23.00 to under $34.00 and shares actually traded…
This Week’s Top Share Buyback Changes (SCHW, DRH, LCAPA, QCOM, TBL, TEL)
There was an absence of major buyback announcements this week. That coincides with the lack of as many earnings reports as well. Below are some of the standout buyback and repurchase announcements from this…