According to Reuters, the government is set to announced the country’s tenth straight month of jobs losses. Reuters reports that Chrysler is burning through it cash quickly and the company may have…
There is not a man with a typewriter who can avoid writing about how much debt the US government has and how much more it will have to take on. Paulson’s program…
According to Reuters, South Korea launched a major economic stimulus package. Reuters reports that nearly 1,800 publicly held institutions could apply for U.S. government investments. Reuters reports that HBOS took an $8.5…
According to Reuters, the economy contracted in the third quarter as consumer spending dropped sharply. Reuters writes that Fidelity Magellan Fund bought shares in big banks in September including Bank of America…
American International Group Inc. (NYSE: AIG) disclosed in a filing today that four affiliates applied for participation in the Federal Reserve Bank of New York’s Commercial Paper Funding Facility. It is harder…
Douglas A. McIntyre Gareth Roberts, CEO of Denbury Resources (NYSE:DNR) was forced to sell 513,000 shares of the company’s stock to meet a margin call "pursuant to a real estate based loan." That was about…
Citigroup (C) is not going to make it, at least not an an independent company. The FT has reported that the head of Goldman Sachs (GS) called Citigroup CEO Vikram Pandit to…
For the period ending October 15, short sellers got out of most banks and brokerage stocks. That is a shame for them. They could have made a killing this week. The short…
There is an “official” government bailout number. That is the $700 billion Congress gave to Henry Paulson to hand out as he pleases. Most of it will go into buying equity in…
According to Reuters, Greenspan said he was shocked by the credit meltdown. Reuters reports that the value of Bear Stearns $30 billion mortgage portfolio fell 9%. Reuters writes that Asia and Europe…
According to Reuters, former Citigroup (C) CEO Sandy Weill may start a fund to invest in distressed financial companies. Reuters writes that Amazon (AMZN) turned in a weak forecast hurting its stock.…
According to Reuters, Japan markets were higher on a broad government bailout plan. Reuters reports that Merrill Lynch (MER) will cut 500 trading jobs. Reuters writes that low retailer prices and competition…
There are many new initiatives for "taking stakes" and "financing packages" this morning. Most of these seem to be coming from actual competitors rather than from our government, although that isn’t the…
A year ago, it would have been hard to find people who would believe that Sirius XM (SIRI) or Charter Communications (CHTR) would trade below $1. Sirius had a 52-week high of…
According to Reuters, policy makers around the world are trying to deal with the fact that the economy is moving into a deep recession. Reuters writes that Google (GOOG) exceeded forecasts and…
