The New York Times will probably not be writing a piece on the fact that Carlos Slim has occasionally been accused of creating his great wealth in part because he has been…
Douglas A. McIntyre The next big threat to bank earnings may be corporate defaults on debt, much if it originally supplied by the banks themselves. The irony is that the problem could be solved by…
Douglas A. McIntyre According to Reuters, there is at least some chance that the US could have to nationalize some banks. Reuters reports that the UK launched a huge new bank rescue plan. Reuters writes…
From time to time, the editors at 24/7 Wall St. will look at which companies may file for Chapter 11 bankruptcy protection over the next year. The analysis involves looking at SEC…
At the beginning of the decade a number of internet and next-generation technology companies raised money through venture capitalists and IPOs. Many of these companies had little, if any, revenue. Most had…
According to Reuters, as the recession is spreading countries are increasing spending in an attempt to revive economies. Reuters reports that GMAC got federal approval to be a bank holding company. Reuters…
Douglas A. McIntyre It would have been hard for The New York Times (NYT) to post numbers much worse than their sales for November. Advertising revenue for the News Media Group, which includes the firm’s…
Douglas A. McIntyre Yesterday, The Washington Post (WPO) and Baltimore Sun said they will start to share content to save money. The newspaper industry’s fortunes are that bad. The Post says that the deal with…
A lot of fairly well-known public companies either disappeared or went bankrupt this year. Circuit City is on the list. Based on the most recent news GM may get added soon. 24/7…
According to Reuters, the House will vote on the auto bailout as early as this week. Reuters writes that Rio Tinto (RTP) will cut 14,000 jobs. Reuters reports that AIG (AIG) owes…
The New York Times Company (NYT) will mortgage its building in the hope of getting as much as $225 million to help it through a cash crunch. According to The New York…
Douglas A. McIntyre According to Reuters, the Senate will return to auto bailout talks this week. Reuters reports that Merrill Lynch (MER) CEO Thain is seeking his $10 million bonus. Reuters reports that unsold cars…
Thornburg Mortgage (TMA) was just suspended from trading on the NYSE. Its price has been below $1 for too long. It trades at $.24. Extraordinary, because it 52-week high is $140.50. Losses…
Analysts are of two minds about Google (GOOG). The first is that because it is the most efficient way for companies to reach customers that it will not be hurt much by…
Foot Locker (FL) Cuts earnings outlook. Falls to $3.65 from 52-week high of $18.19. Citgroup (C) Still concerns about whether government will have to step in to stop bleeding. Down to $3.05…
