Archive - Feb 4, 2009 - Story
Moody's Prepares to Downgrade Most Homebuilders
Submitted by Tyler Durden on 02/04/2009 22:24 -0500In the current amusing race between S&P and Moody's over who can downgrade more companies in a shorter amount of time, S&P easily has the lead. However, Moody's just slapped S&P right back, Judge Peck style, by putting most homebuilders on downgrade review which usually precedes a full downgrade within 2 to 4 weeks.
Visa Reports, Beats, Thanks Foreigners For "Charging It"
Submitted by Tyler Durden on 02/04/2009 21:33 -0500
Visa reports Q1 revenue of $1.7 billion and Q1 EPS of $599 million or $0.78 per share, compared to street consensus of $0.66/share.
Visa Reports, Beats, Thanks Foreigners For "Charging It"
Submitted by Tyler Durden on 02/04/2009 21:33 -0500
Visa reports Q1 revenue of $1.7 billion and Q1 EPS of $599 million or $0.78 per share, compared to street consensus of $0.66/share.
Bank Of America Claims It Did Not Engage in Superbowl Carnival
Submitted by Tyler Durden on 02/04/2009 20:56 -0500
Bank of Countrywide Lynch came out with a surprising release earlier in which it defended itself from media allegations that it had spent $10 million of TARP money on a 5 day Super Bowl carnival and that senior management was in fact not at the 20 yard line (cheering the
Cash Loans Are Bid Up By CLOs Returning From JPM HY Conference
Submitted by Tyler Durden on 02/04/2009 20:18 -0500
As the JP Morgan High Yield Conference wraps up today (at yet another boondoggle in the Loews hotel in South Beach), and CLO managers get back to their respective cubicles and start having to come up with investment ideas to justify the $500 mini bar bills, the cash loan market has been getting significantly bid up.
Cash Loans Are Bid Up By CLOs Returning From JPM HY Conference
Submitted by Tyler Durden on 02/04/2009 20:18 -0500
As the JP Morgan High Yield Conference wraps up today (at yet another boondoggle in the Loews hotel in South Beach), and CLO managers get back to their respective cubicles and start having to come up with investment ideas to justify the $500 mini bar bills, the cash loan market has been getting significantly bid up.
Auto-Suppliers Next In Line For Government Handouts
Submitted by Tyler Durden on 02/04/2009 18:57 -0500
Apparently the latest beggar in front of Geithner's office was MEMA, the Motor & Equipment Manufacturers Association, which represents US auto suppliers who are asking for $10.5 billion in handouts (that's about a $1000 per car for 2009).
Bank Of America Hits All Time Low Again As Does Textron
Submitted by Tyler Durden on 02/04/2009 18:52 -0500$4.78/share last. No specific reason yet aside from that it should maybe be at 0.
As for private jets, well you know our views
Wells On The Hook for Vegas Boondoggle Cancellation Fee
Submitted by Tyler Durden on 02/04/2009 18:18 -0500
Just goes to show you never can win. Wells Fargo decided to cancel its Wynn Las Vegas boondoggle after someone leaked the dirty secret to the press, and now is stuck with the bill regardless.
Wells On The Hook for Vegas Boondoggle Cancellation Fee
Submitted by Tyler Durden on 02/04/2009 18:18 -0500
Just goes to show you never can win. Wells Fargo decided to cancel its Wynn Las Vegas boondoggle after someone leaked the dirty secret to the press, and now is stuck with the bill regardless.
Wells On The Hook for Vegas Boondoggle Cancellation Fee
Submitted by Tyler Durden on 02/04/2009 18:18 -0500
Just goes to show you never can win. Wells Fargo decided to cancel its Wynn Las Vegas boondoggle after someone leaked the dirty secret to the press, and now is stuck with the bill regardless.
Melissa Francis v. Gasparino Round 1
Submitted by Tyler Durden on 02/04/2009 18:04 -0500Extra, Extra, Gasparino threatens to quit! Read all about it!
This exciting exchange just on CNBC:
Gasparino: Let me finish!
Melissa Francis: But you never finish!
Gasparino: Really? I could do this for some other place.... Please don't go down that road.
Bill Griffeth and MC Cabrera: [awkward laughter and shifty glances]
Cement Industry Really Stuck To Bottom Of River
Submitted by Tyler Durden on 02/04/2009 17:42 -0500
First HeidelbergCement, now Cemex.
Goldman and Morgan Stanley Bankers To Stay in Cold New York
Submitted by Tyler Durden on 02/04/2009 17:04 -0500
As populist anger spreads and "investment" banks finally realize that the president is for real on this one, financial firms are actually starting to act appropriately.
Goldman and Morgan Stanley Bankers To Stay in Cold New York
Submitted by Tyler Durden on 02/04/2009 17:04 -0500
As populist anger spreads and "investment" banks finally realize that the president is for real on this one, financial firms are actually starting to act appropriately.
