According to Reuters, JPMorgan (JPM) cuts its dividend. Reuters reports that AIG (AIG) got bids from Met Life and Axa for its life unit. Reuters says that healthcare spending is taking a higher percentage…
It is extremely difficult to put accurate financial values on blogs. Almost all of them are private companies. Some do raise VC money and those sums can be used as guidelines if and when…
One of the oldest newspaper chains, Journal Register, went bankrupt late last week. It had too much debt and too little operating income. The daily newspapers in Philadelphia have also filed for Chapter 11. There…
Every time there is news about the internet portal Yahoo! (YHOO), it makes the front pages. The only story about Yahoo, however, that deserved attention was the monstrous violation of fiduciary duty that its…
According to Reuters, the US government may take a 40% interest in Citigroup (C). Reuters reports that the Treasury is considering funding options for Chrysler and GM (GM). Reuters reports that a poll of…
The New York Times (NYT) suspended its dividend. That says a lot about what it sees as it looks out of the next quarter. Print and online advertising must be getting much worse than…
According to Reuters, Allan Stanford was found in Virginia. Reuters reports that the stimulus is unlikely to fix state problems. Reuters writes that US consumer prices probably moved up in January.
Facebook may not make any money, now or in the future. It may only be worth 10% of its maximum valuation of $15 billion. But, in spite of all that it is one of…
According to Reuters, the biggest problem GM (GM) may face is a mountain of debt. Reuters reports that investors in Stanford funds are pushing hard to get their money out. Reuters reports that Obama…
According, to Reuters, GM (GM) and Chrysler have asked for another $22 billion. Reuters reports that the SEC has charged Alan Stamford with “massive fraud.” Reuters reports that Trump’s image is being hurt by…
Sirius XM Radio Inc. (NASDAQ: SIRI) nearly doubled this morning after John Malone’s Liberty Media Corp. (NASDAQ: LINTA) (NASDAQ: LCAPA) said it was coming to the rescue. If you look through the terms, this…
According to Reuters, a poll of economists says the Japanese economy is likely to get worse. Reuters reports that Trump Entertainment may file for Chapter 11. Reuters writes that California may have to lay…
The latest chess move in the game to get control of Sirius XM (SIRI) is that the creditors are threatening to fire CEO Mel Karmazin if he takes the company into Chapter 11. The…
According to Reuters, Obama has dropped the idea of appointing a “car czar”. Reuters reports that Japan’s GDP is dropping at an annual rate of over 13%. Reuters reports that the Administration is trying…
Tortoise Energy Capital Corp. (NYSE:TYY) has cut its first quarter 2009 distribution from $0.43/share to $0.40/share. For the full year, Tortoise expects to be able to pay investors at least $0.38/share quarterly. Tortoise Energy…