HSBC (HBC) Has $17 Billion Impairment Charge
HSBC (HBC) announced that its net profit for 2007 rose 21% to $19.13 billion even after profits in North America were virtually wiped out by rising bad debt charges. According to MarketWatch "In the…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 350Intel’s (INTC) Small Chips May Have No Market
Intel (NASDAQ: INTC) is introducing new tiny chips aimed at the mobile computing market. According to The Wall Street Journal the are "designed to be the calculating engine for pocket-sized gadgets that Intel calls…
Economists Get Depressed
The National Association for Business Economists has just published its poll of economists. It is done twice a year, and was conducted the first two weeks of February. According to Reuters "Of the members…
What If E*Trade (ETFC) Is Worth Zero?
E*Trade (NASDAQ: ETFC) is making its non-executive chairman Donald Layton CEO today. The move is puzzling since he is a former vice chairman of JP Morgan (NYSE: JPM). He was "installed" in his chairman’s…
Media Digest 3/3/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the NABE semiannual Economic Policy Survey show that the subprime crisis and heavy debt are still the biggest threats to the economy. Reuters writes that Microsoft (MSFT) will expand its web-based…
Asia Markets 3/3/2008 Sharp Drop (TM)(CN)(PTR)
Most markets in Asia fell sharply. The Nikkei fell 4.5% to 12,992. Canon was down 5.2% to 4570. Honda (HMC) was down 5.8% to 3070. Toyota (TM) was down 3.3% to 5560. The Hang…
Financial Crisis May Not Have Found Bottom
Every morning traders wake up and hope that the financial services disaster has ended and that housing has reach a nadir. Better go back to bed. According to a study put together by four…
Air Force Tankers: The Case Against Northrop (NOC) And EADS
The theater which is congressional politics would have missed an entire act if the porcine members who are re-elected for their ability to bring home the bacon to their districts had not raised a…
Where Does Private Equity Invest Next? (C)(MER)(BX)(S)(MOT)
The business press has had its ear to the rail, and it has heard that more capital is headed toward private equity funds. Some of this money may be invested by the huge sovereign…
Starbucks (SBUX): Any Benefit From Re-Training?
The staff at most of the Starbucks (NYSE: SBUX) recently went though a few hours for training. The nationwide program was designed to make the people working in the stores do a better job…
This week on Stockhouse February 25 – 29
The Dow and the TSX have had a volatile week, spending most of it up on commodities and news of big buybacks Wall Street began a downward turn Thursday that continued with heavy selling…
GM (GM): The Little Problem Of Delphi
Delphi, the former parts operation of GE (NYSE:GM) wants out of Chapter 11. It had a $6.1 billion exit package, but the credit markets have crushed that. Now GM is faced with having to…
Military Tanker Award May Have Served US Interests (GE)(BA)(NOC)
A number of politicians and other patriots were worried that the US military awarding of a contract to build tankers may not have been good for US industry. The contract went to American firm…
Implications Of Warren Buffett Panning Insurance Industry (BRK/A, BRK/B, ABK, MBI, AIG, RE, HIG, CB, PGR)
It is no great mystery that Warren Buffett of Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) is still one of the most followed and most revered "long term value investors" on the planet. Any time…
Starbucks (SBUX): Coffee Costs Give Margins Another Squeeze
Starbucks (NASDAQ: SBUX) retrained most of its store workers last week. Howard Schultz, the returned founder and CEO, has replaced a number of the lame-brains in senior management. It would be hard to tell…