Warren Buffett was interviewed live by telephone on CNBC’s Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs.
This is part one of the complete transcript of that conversation.
BECKY QUICK: We know you get all kinds of deals, all kinds of people who come knocking asking you to [...]
NEW YORK (MarketWatch) - A research note by Morgan Stanley released Wednesday
predicts a third quarter loss for Lehman Bros. of $2.80 a share, on the back of a
$3.5 billion write-down. “For the franchise to turn the corner, we think
management needs to announce a significant bulk asset sale or framework for
investors to evaluate the structure/pricing of [...]
Merrill’s Likely Writedowns Next Qtr $3B-$5B -CNBC’s Gasparino
Last Update: 6/27/2008 8:08:11 AM
DOW JONES NEWSWIRES
Merrill Lynch & Co. (MER) likely will face a new round of writedowns in the next
quarter in a range of $3 billion to $5 billion, CNBC’s Charlie Gasparino reported
Friday, citing people inside the company. Full story at www.cnbc.com
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Lehman Only Sold About $5B Assets To Ex-Traders’ Funds -Bloomberg
Last Update: 6/19/2008 8:17:42 AM
DOW JONES NEWSWIRES
Lehman Brothers Holdings (LEH), which dumped $147 billion in assets in its second
quarter to reduce its reliance on borrowed money, only sold about $5 billion
worth to a pair of hedge funds set up by former Lehman traders, Bloomberg News
reported Thursday. [...]
Severstal Plans $1.5B Eurobond; Still Eyeing Esmark-Vedomosti
Last Update: 5/19/2008 1:36:15 AM
MOSCOW (Dow Jones)–Russian steel maker OAO Severstal (CHMF.RS) is planning a
$1.5-billion Eurobond and is still considering an offer for U.S. producer and
distributor Esmark Inc. (ESMK), the Vedomosti business daily reported Monday
citing several unnamed sources.
Citigroup Inc. (C) and ABN Amro Holdings NV (ABNYY) are among the [...]
UAL Corp. Amends Existing $1.5B Credit Agreement >UAUA
Last Update: 5/6/2008 7:24:24 PM
DOW JONES NEWSWIRES
UAL Corp. (UAUA) said its lenders agreed to amend its existing $1.5 billion
credit agreement to provide the company with the “flexibility to implement”
action to fight higher fuel costs.
The Chicago-based parent company of United Airlines said it is comfortable with
its liquidity.
As part of [...]
– Diluted earnings of $1.65 per share, up 36 percent;
– Total revenues of $24.5 billion, up 11 percent;
– Global Technology Services revenues up 17 percent; pre-tax income up 45 percent;
– Global Business Services revenues up 17 percent; pre-tax income up 23 percent;
– Software revenues up 14 percent; pre-tax income up 22 percent;
– 65 percent of [...]
Merrill Lynch: Raising $2.5B-$3B Asia Pacific Property Fund
Last Update: 4/13/2008 12:12:02 PM
BOAO, China (Dow Jones)–Merrill Lynch & Co. Inc. (MER) said Sunday it is raising
about $2.5 billion to $3 billion for a property fund focused on Asia, as part of
a broader push to manage funds raised from third parties.
Damian Chunilal, head of Merrill Lynch’s Pacific [...]
Next week market’s trend will inflenced by the data of Retail Sales, Business Inventories, PPI, core PPI, Net Foreign Purchases and banks’ earnings will eventually hit market and stocks will make new lows and golds make new highs. Stay in gold miners stocks and watch this happen. Wait untill all banks’ earning release, you can [...]
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