The game ended for Bernard L. Madoff when some of his investors finally asked for their money back. He did not have it, and his suspected Ponzi scheme collapsed.
But many other money managers — ones who, unlike Mr. Madoff, have not been accused of wrongdoing — confront a similar problem. Their investors are racing [...]
In 2004 GM reported earnings of $4.76 per share and paid a dividend of $2 per share
In 2005 GM reported earnings of -$18.78 per share and paid a dividend of $2 per share (!!)
In 2006 GM reported earnings of -$4.29 per share and paid a dividend of $1 per share (!!)
In 2007 GM reported earnings [...]
Merrill Lynch reports $5.2 billion loss
By Sam Mamudi, MarketWatch
Last Update: 10/16/2008 8:53:00 AM
NEW YORK (MarketWatch) — Merrill Lynch, which agreed last month to be acquired
by Bank of America, on Thursday posted a wider third-quarter loss, hit by
write-downs and credit losses.
Merrill (MER) lost $5.15 billion, or $5.58 a share, in the quarter, compared to a
loss of [...]
NEW YORK (AP) — Citigroup Inc. suffered its fourth straight quarterly loss due to credit-related missteps and cut another 11,000 jobs.
The New York-based bank said Thursday that it lost $2.8 billion, or 60 cents per share, in the third quarter, compared with a profit of $2.2 billion, or 44 cents per share, a year ago. [...]
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. [...]
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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