“Tribune has stayed ahead of its $12 billion in borrowings with the help of asset sales. Now, however, shrinking profits are tightening the noose.
The company’s cash flow may not be enough to cover nearly $1 billion in interest payments due this year, and Tribune owes a $512 million debt payment in June.
One of Tribune’s most [...]
“American International Group Inc. is expected to report third-quarter loss of 90 cents a share, according to analysts surveyed by Thomson Reuters.
Leading industry analysts have said that turmoil in equity and credit markets has been hampering AIG’s efforts to sell some of its businesses, a crucial part of the insurer’s plan to repay billions of [...]
GM needs 75 billion more this year. AIG wants who knows what next. The banks all want more 100’s of billion more. The other insurers want bailout money. The major home builders want bailout money. This is insane.
SAN FRANCISCO (MarketWatch) — American International Group Inc. reportedly is seeking a new bailout from the U.S. government [...]
Today brought another huge wave of selling in equity markets worldwide, as investors, understandably, keep focusing on the long list of negatives — including still-severe credit market woes, forced asset sales by hedge funds as their clients bail out, and the likelihood of a deep recession ahead that will slash corporate earnings.
The wealth destruction [...]
GM swings to massive second-quarter loss
By Shawn Langlois, MarketWatch
Last Update: 8/1/2008 7:45:00 AM
SAN FRANCISCO (MarketWatch) — General Motors Corp., scrambling to right-size its
operations and shift production toward smaller cars, reported Friday another
massive loss as customers’ shift away from its profitable truck and SUV lines
gathered momentum.
Before the bell, GM (GM) said it swung to a second-quarter [...]
CORRECT: Lehman Is Not Cutting Dividend, Already Raised $6B
Last Update: 6/16/2008 4:32:27 PM
(Adds conference call comments from CEO Fuld and other executives beginning in
the first paragraph and updates stock price.)
By Jed Horowitz
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–Lehman Brothers Holdings Inc.(LEH) announced a $2.8 billion
second-quarter loss Monday that [...]
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