Archive - Feb 2009 - Story
February 5th
January Same Store Sales Full Review
Submitted by Tyler Durden on 02/05/2009 17:30 -0500
The surprising thing about this morning's same store sales results was that the majority of retailers actually beat estimates. The group that had seen consensus price in almost apocalyptic performance was department stores and discounters, ended up beat handily. Only Gap Stores and JC Penney were actually below estimates (by quite a bit), while the rest of the group did better.
January Same Store Sales Full Review
Submitted by Tyler Durden on 02/05/2009 17:30 -0500
The surprising thing about this morning's same store sales results was that the majority of retailers actually beat estimates. The group that had seen consensus price in almost apocalyptic performance was department stores and discounters, ended up beat handily. Only Gap Stores and JC Penney were actually below estimates (by quite a bit), while the rest of the group did better.
Reduced Stimulus Package to Be Announced Monday
Submitted by Tyler Durden on 02/05/2009 17:19 -0500CNBC reports that the Obama administration will release full details of Tarp V3 on Monday which is set to consists of less than expected total assistance, the bulk of which will be based on ring fencing, or bad asset guarantees, with the bad bank idea virtually scrapped.
Congressional Panel Finds TARP Has Overpaid By 30% So Far
Submitted by Tyler Durden on 02/05/2009 16:43 -0500
According to a government watchdog group, the federal government has massively overpaid for assets it has so far purchased on its TARP program.
Congressional Panel Finds TARP Has Overpaid By 30% So Far
Submitted by Tyler Durden on 02/05/2009 16:43 -0500
According to a government watchdog group, the federal government has massively overpaid for assets it has so far purchased on its TARP program.
Some More On Today's Gruesome Unemployment Numbers
Submitted by Tyler Durden on 02/05/2009 16:26 -0500
Despite the schizo market action yet again (market is up because yen is down, yen is down because market is up), we wanted to go back to today's deplorable unemployment number.
Some More On Today's Gruesome Unemployment Numbers
Submitted by Tyler Durden on 02/05/2009 16:26 -0500
Despite the schizo market action yet again (market is up because yen is down, yen is down because market is up), we wanted to go back to today's deplorable unemployment number.
Another Apollo Name Goes Under, This Time Chapter 22
Submitted by Tyler Durden on 02/05/2009 15:48 -0500
Prominent Fifth Avenue Jeweler Fortunoff, which last time we checked gave free $199 diamond earnings to anyone who would even enter the store, filed for bankruptcy protection. The company (which is in dire need of updating its investor relations site) was acquired in an acquisition gone horribly wrong in March 2008 for $110 million.
Paulson Angry After Finally Losing Money, Goes Activist
Submitted by Tyler Durden on 02/05/2009 14:49 -0500
Hell hath no fury like the only hedge fund manager who is making money scorned. In a shocking turn of events for Paulson's M&A arbitrage fund (i.e.
Paulson Angry After Finally Losing Money, Goes Activist
Submitted by Tyler Durden on 02/05/2009 14:49 -0500
Hell hath no fury like the only hedge fund manager who is making money scorned. In a shocking turn of events for Paulson's M&A arbitrage fund (i.e.
Paulson Angry After Finally Losing Money, Goes Activist
Submitted by Tyler Durden on 02/05/2009 14:49 -0500
Hell hath no fury like the only hedge fund manager who is making money scorned. In a shocking turn of events for Paulson's M&A arbitrage fund (i.e.
January Same Store Sales
Submitted by Tyler Durden on 02/05/2009 13:41 -0500We will provide a summary once all retailers are done reporting numbers but feast on Saks Fifth Avenue's -23.7% year over year drop in sales.
Jobless Claims Worse Even Than Worst Case
Submitted by Tyler Durden on 02/05/2009 13:30 -0500Actual: 626k, Survey: 580k, top end of estimate 620k.
and scene
Early Feb 5 Headlines
Submitted by Tyler Durden on 02/05/2009 12:58 -0500- Second-biggest reinsurer Swiss Re asks for $2.6 billion from Warren to keep rating (Bloomberg)
- Russia in Asia - we wrote about this, but WSJ thinks it is serious enough to bear repeating (WSJ)
- Not Ken Lewis' fault? Blame Bernanke - U.S.
Late Wednesday Headlines
Submitted by Tyler Durden on 02/05/2009 03:32 -0500Brief headlines here as we go thru the Madoff list and try to determine if Kim Kardashian is now trustfundless:
