The LARGE layoffs have started here, the smaller ones have been going on for a while now.
My guess is we should see a whole new “crop” of “for sale” signs in front of homes pretty soon. I would also guess the only truly “safe” folks around here are military, America’s “growth industry”. I hold no [...]
Previous update : ANOTHER BIG WAVE OF LAYOFFS TODAY UPDATE 3
Citigroup and Goldman Sachs are each planning to pare about 10% of their workforce, and a similar cut at J.P. Morgan would mean 3,000 dismissals globally, the report said.
Fidelity Investments plans to cut roughly 1,700 jobs during the first quarter of 2009, as the [...]
LONDON (MarketWatch) - U.K. stocks vaulted higher on Tuesday after the Federal
Reserve said it would start purchasing commercial paper in the stilted market,
helping counter weakness from major banks on worries they will issue stock to the
British government.
In line with markets around the world, the FTSE 100 (UK:UKX) surged on the
announcement of the Fed step.
Major British [...]
Ban On Shorting Stks Causes Bets On Fin Mkts To Soar -Report
Last Update: 9/25/2008 1:59:29 AM
LONDON (Dow Jones)–Fixed-odds betting on financial markets has surged in recent
days as traders find ways to get around the ban on short selling financial
stocks, the Independent reported Thursday.
BetsForTraders.com, a financial bookmaker, has reported volumes up by more than
400% since last [...]
Financial News: Bks Poised To Launch Sale Of Schaeffler Loans
Last Update: 7/28/2008 9:07:20 AM
By Duncan Kerr
Of DOW JONES NEWSWIRES
The six banks arranging the financing of Schaeffler’s bid for part of auto
supplier and tire maker Continental could launch the syndication of the debt as
early as this week, countering market [...]
By Harry Wilson
Of FINANCIAL NEWS
Barclays Capital, Citigroup and Deutsche Bank were among the worst hit banks in
Europe in the first half of this year as investment banking fees dropped by more
than a third in the wake of the credit crisis.
The three banks each lost market share in investment banking and saw their fees
fall by more [...]
Brazilian shares leap after S&P lifts country’s rating
By Carla Mozee, MarketWatch
Last Update: 8:33 PM ET Apr 30, 2008
SAN FRANCISCO (MarketWatch) — U.S.-listed shares of overseas companies rose
Wednesday, bolstered by a jump in shares of Brazilian companies after Brazil’s
rating was raised to investment grade by Standard & Poor’s.
The Bank of New York Mellon American Depositary Receipt [...]
FOCUS: Santander Boss Shrugs Off Spain Woes
Last Update: 4/28/2008 12:53:04 PM
By Christopher Bjork
Of DOW JONES NEWSWIRES
MADRID (Dow Jones)–By diversifying in growth markets and keeping away from
exotic investments, Banco Santander SA (STD) Chairman Emilio Botin wants to set
his bank up for a strong year as chief rivals have fallen [...]
SAN FRANCISCO (MarketWatch) — Private equity firms Thomas H. Lee and Bain
Capital Partners have rejected a proposal from banks to facilitate financing for
the $19.4 billion buyout of Clear Channel Communications Inc. , The Wall Street
Journal reported Tuesday on its Web site. In a letter to the firms, Citigroup
Inc., Morgan Stanley , Credit Suisse Group , [...]
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