Reuters
Tuesday, Nov 18, 2008
Dutch insurer Aegon said it may buy a small U.S. thrift company to qualify for potentially more than $1 billion in U.S. government support, sending its shares down more than 8 percent.
“This is part of our strategy to ensure Aegon has the strongest capital position possible,” said Aegon spokesman Greg [...]
I have a feeling that this recession is going to be deep and very long and unlike what I have experienced in the last 37 years. This recession is not only national but global in scope. There is also a possibility that we may be entering a period of Deflation in the economies of the [...]
FAIRFIELD, Conn. (AP) — Warren Buffett’s Berkshire Hathaway is buying $3 billion worth of General Electric preferred shares, even as the diversified conglomerate is preparing to sell at least $12 billion worth of common stock to the public.
GE says Berkshire Hathaway Inc. will buy $3 billion of perpetual preferred stock in a private offering. Such [...]
U.S. stock futures hit on stalled bailout package
By Steve Goldstein, MarketWatch
Last Update: 9/26/2008 8:06:00 AM
LONDON (MarketWatch) - U.S. stock futures dropped Friday after encountering speed
bumps on the road to the $700 billion bank bailout package and as Washington
Mutual was seized by regulators in the country’s largest-ever bank failure.
S&P 500 futures fell 20.3 points to 1,193.30 [...]
SAN FRANCISCO (MarketWatch) — In the largest bank failure in U.S. history, Washington Mutual Inc. succumbed Thursday to the fallout from the subprime mortgage crisis, was seized by federal regulators and rapidly acquired by J.P. Morgan Chase .
The deal will cost JPMorgan Chase $1.9 billion, and the bank said in a statement it planned to [...]
Lehman Shares Fall Below $28 Price In Capital-Raising >LEH
Last Update: 6/10/2008 11:50:06 AM
DOW JONES NEWSWIRES
Shares of Lehman Brothers Holdings Inc. (LEH) continued their fall, dropping over
6% Tuesday as their month-long swoon resulted in the brokerage shedding 40% of
its market value.
Monday’s projection of a $2.8 billion quarterly loss deepened anxieties that
banks and [...]
NEW YORK (Dow Jones)–The $20 billion in capital raised by American International
Group Inc. (AIG) may not be enough for both itself and its troubled subsidiaries,
an analyst told clients Wednesday.
Citigroup analyst Joshua Shanker said the giant insurance holding company may
have to funnel the capital it’s already raised into its AIG Financial Products
Corp. subsidiary, the unit that [...]
ZURICH (Dow Jones)–Credit Suisse Group (CS) will continue to whittle down
positions hit by the spread of the subprime crisis, such as major buyout loans,
the bank’s chairman said Friday.
“We will therefore continue to reduce our remaining positions in a prudent
fashion and try to recover a significant proportion of the write-downs over
time,” Credit Suisse Chairman Walter Kielholz [...]
Moody’s downgraded the long term senior debt (to Aa2 from Aa1) of Bank of America Corporation and placed a negative rating outlook on the company. At the same time, Moody’s lowered the bank financial strength rating of Bank of America to A- from A, also with a negative outlook, but affirmed the bank’s Aaa rating [...]
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