Financial Crisis Cost Moves Toward $25 Trillion
No one with an abacus, a calculator, or a mainframe will ever know what the global credit crisis has cost in real money. Lost jobs means lost tax revenue. Lost bank capital means a…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 78Google (GOOG) Burns More Money To Save The World
Leaving aside its huge and immensely profitable search business, Google (GOOG) has managed to lose money in almost every other business it has started or bought. YouTube is probably at the top of that…
Government Puts More Capital Into Banks: More Failure Of Tickle Down Theory
The large money center banks never planned to take the money they are getting from the government to make loans. The equity investments will be used to shore up capital, which is now old…
Boeing (BA) Settles With Unions: All That Wasted Time
Moving into the pit of a recession, Boeing (BA) executives managed to prolong a strike with the company’s machinists for seven weeks before reaching an four-year accord. Management almost certainly knew their tipping point…
Bolshevicks Seize Detroit (GM)(F)(TM)
As far as anyone can prove, Henry Ford and Alfred Sloan were not members of the Communist Party. Neither one of them was asked to testify before the House Committee on Un-American Activities. No…
Magazine Business Starts To Follow Newspapers Down The Tank (NYT)(WPO)(GCI)(MHP)(TWX)
There are no Wall Street analysts who believe that newspapers will recover from the ongoing financial crisis. Publishers have argued that housing, employment, and car markets were the cause of their declining revenue. When…
Media Digest 10/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, GM (GM) and Chrysler have asked the government for $10 billion to close their merger. Reuters reports that Boeing (BA) and its machinists have entered into a tentative labor agreement. Reuters…
Asia Markets 10/28/2008 Big Move Up (HMC)(HBC)
Markets in Asia rose sharply. The Nikkei was up 6.4% to 7,622. Honda (HMC) was up on a falling yen. Mitsubishi UFJ Financial due to concerns it will raise over $10 billion diluting current…
With Sirius Up 30%, Can Chatter Be True? (SIRI)
Sirius XM Radio (NASDAQ: SIRI) did something rather unusual if you consider its recent downward trend. Its shares rallied close to 30% today. Sure, you have to consider how low shares had gotten and…
The 52-Week Low Club (CCC)(MTL)(ARM)(TSN)(SVNT)
Calgon Carbon (CCC) Outstanding notes convert to common shares. Drives stock to $10.54 from 52-week high of $23.03. Mechel (MTL) Russian coal miner may issue up to 138.8 million preferred shares. Dives to $3.77…
Savient: Jim Cramer’s Old Favorite Biotech Implodes (SVNT)
Savient Pharmaceuticals Inc. (NASDAQ: SVNT) is feeling the wrath of the trading gods today. Shares are down some 74% at $2.95 in close to 10-times normal trading volume. The culprit for today’s biotech implosion…
A Final Peek At Valero Earnings (VLO)
Valero Energy Corp. (NYSE: VLO) is set to report earnings Tuesday morning. First Call has estimates pegged at $1.46 per share and $36.43 billion in revenue. Oil companies and refiners rarely give guidance. Valero…
Can Under Armour Outrun The Recession? (UA)
Under Armour, Inc. (NYSE: UA) is set to report earnings on Tuesday around 7:00 AM EST. The sporting apparel operation is expected to post earnings of $0.50 per share on $227.4 million in revenue. …
Does The National Association Of Realtors Own Washington?
Congress is working overtime to try to pump oxygen into the deflated real estate market, and I’ve been wondering why for quite some time. If real estate prices fall, a first-time home buyer can…
Dillard’s Under Activist Fire As Management Buys Shares (DDS)
Anyone who bought Dillard’s Inc. (NYSE: DDS) shares late Friday looking for a bounce caught a break. The stock is rallying sharply after management bought shares of stock in the open market and two…