By Paul B. Farrell
Scan these 30 “leading indicators.” Each problem has one or more possible solutions, but lacks unified political support. Time’s running out. We’re already at the edge. Add up the trillions in debt: Any collective solution will only compound our problems, because the cumulative debt will overwhelm us, make matters worse:
America’s credit [...]
“Hartford said it may be eligible for a capital purchase of between $1.1 billion and $3.4 billion under existing Treasury guidelines”
They spent $10 million on the S&L, they’re eligible for between 110X to 340X that 10 million. Everybody and their dog (American Express) are positioning themselves to steal a share of the taxpayer’s 750 [...]
Previous post: LAYOFF LIST GROWS EVEN MORE FROM YESTERDAY (DAILY UPDATES) 2
Citigroup has begun big layoffs and is expected to cut at least 10,000 jobs around the globe, a published report said Friday.
Citi’s global staff stands at about 352,000 now, and the firm has a target to trim that to about 290,000 by next year, [...]
Please read the most updated layoff list at: US Layoffs - The Latest Casualty Count
Compuware to lay off 300 employees
Detroit Free Press, United States - Oct 30, 2008
Tenneco to lay off 1100 worldwide, shut plants
The Associated Press - Oct 30, 2008
Toledo could lay off police officers
Toledo Blade, OH - Oct 30, 2008
Fidelity [...]
By Alistair Barr
SAN FRANCISCO (MarketWatch) — American Express said late Monday that quarterly net income came in at $815 million, or 70 cents a share, down 24% from a year earlier when the credit card company made $1.07 billion, or 90 cents a share. Income from continuing operations was $861 million, or 74 cents a [...]
The credit crisis has been so severe that even the largest companies in the US have had trouble getting access to the capital markets. Firms as large as GM (GM), Goodyear, and Gannett (GCI) have used credit lines to access capital which they could not get in the commercial paper market.
Small businesses are not [...]
BOSTON (MarketWatch) — James Sinegal, equity analyst covering financials at
Morningstar, says that investors who want to “buy what’s cheap and buy what’s
solid” will find that there are a lot of potential buys among financial stocks.
But he said it may take an iron stomach to ride out the volatility that is
inevitable given the sector’s current problems.
“If [...]
Freeze tag
Five tips for borrowers who find their HELOC has been reduced
By Amy Hoak, MarketWatch
Last Update: 6/29/2008 3:30:00 PM
CHICAGO (MarketWatch) — When Denise Lopez bought two new tables, a floor lamp
and a chair recently, her intent was to finance it with her home equity line of
credit. But it wasn’t long before she discovered that wasn’t [...]
Bank of America Launches Asiana Airlines Credit Card with American Express
WILMINGTON, Del., May 1, 2008 /PRNewswire via COMTEX/ — Asiana Airlines, Bank of
America, and American Express today announced the launch of the new Asiana
American Express(R) Card from Bank of America. The card provides two miles per
dollar on everyday purchases and access to members-only golf courses [...]
U.S. stocks set to face a less-friendly Fed
First-quarter GDP, employment report, earnings could test market
By Nick Godt, MarketWatch
Last Update: 12:01 AM ET Apr 26, 2008
NEW YORK (MarketWatch) — U.S. stocks will face renewed pressure next week, with
investors facing not only another heavy week of earnings, but also key data that
may confirm the U.S. economy is [...]
American Express feeling pinch from economy
Profit down 6%, not as steep as forecast
By Riley McDermid, MarketWatch
Last Update: 9:08 AM ET Apr 25, 2008
NEW YORK (MarketWatch) — American Express is feeling the pinch from a worsening
U.S. economy as financially stressed consumers make fewer payments less often,
analysts said Friday.
The credit card giant reported Thursday that first-quarter profit [...]
Sunny side of the street
America’s wealthy see buying opportunities in sluggish real-estate market
By Amy Hoak, MarketWatch
Last Update: 7:41 PM ET Apr 15, 2008
CHICAGO (MarketWatch) — Is now a good time to buy real estate? The size of your
paycheck likely will play a big part in how you answer that question.
While many average Americans are skittish [...]
Everyone knows that Warren Buffett is one of the greatest living investors. The guy’s not known as the “Oracle of Omaha” for nothing. But while shares of his Berkshire Hathaway holding company look relatively cheap in terms of their price multiples, the actual stock price might be a stretch: Berkshire’s A shares (BRK-A) currently go [...]
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