Archive - 2009 - Story

After dropping as low as $6/share, BCS recovered most of its losses and traded as high as $8, before dropping again. Barclays management "We know of no justifcation for share-price decline". It also expects to report pre-tax profit well ahead of the $5.3bn analyst estimates...

Well, we shall see

After incessant media bugging, Jobs break down "Why don’t you guys leave me alone -- why is this important?”

Poor guy, all joking aside, this is pretty horrible and again our thoughts go with him

Tha company has been put under review for a downgrade by Moody's.... What can you say - always one step ahead of the crowd. Their Prime Rating is most at risk at A-2. If this gets whacked several notches, no more access to commercial paper... Oops

*********UPDATE**********

Moody's just downgraded Banc of America/Merrill Lynch senior rating to A1 from Aa3. Kinda like Lehman was rated A1 on the day of its bankruptcy.

Buy: Barrels of Oil (we do not have a position in this "security" so we hope the SEC does not bust our front door in an hour for position peddling)

Buy: Barrels of Oil (we do not have a position in this "security" so we hope the SEC does not bust our front door in an hour for position peddling)

We are happy to inform you that Chrysler Financial (aka Stephen Schwarzman of Apt. 15/16B at 740 Park) is now the proud recipient of your money.

We are happy to inform you that Chrysler Financial (aka Stephen Schwarzman of Apt. 15/16B at 740 Park) is now the proud recipient of your money.

Pfizer cutting 2,400 jobs or a third of its total workforce, AMD is slashing another 1,100 people, and GE Capita

Pfizer cutting 2,400 jobs or a third of its total workforce, AMD is slashing another 1,100 people, and GE Capital

In a totally non-schocking response to yesterday's trading action, the S&P has dropped 25 pts from its peak today.

Bloomberg, citing the uber-dependant "person", reports that Microsoft's manic-depressive boss Ballmer has met with Yahoo's Chairman Roy Bostock in New York. Preamble to new marriage bells? We will keep you posted.

Hertz is firing a lot of very bored, airport rental lot operators. The heavily leveraged auto rental company (CDS in the 1250's last time we cared), is hoping firing a third of its workforce (as compared to August 2006) will make it profitable.

Hertz is firing a lot of very bored, airport rental lot operators. The heavily leveraged auto rental company (CDS in the 1250's last time we cared), is hoping firing a third of its workforce (as compared to August 2006) will make it profitable.

Circuit City will not pass go on its way to the garbage heap. Despite rumors that it had found outright buyers for its stores, including such PE companies as Golden Gate Capital and Ricardo Salinas Pliego, Circuit City today filed a notice in bankruptcy court that it has hired liquidators and is unable to reach a pact with creditors.

Circuit City will not pass go on its way to the garbage heap. Despite rumors that it had found outright buyers for its stores, including such PE companies as Golden Gate Capital and Ricardo Salinas Pliego, Circuit City today filed a notice in bankruptcy court that it has hired liquidators and is unable to reach a pact with creditors.