This page has been archived and commenting is disabled.
Daily Highlights: 2.26.10
- Asia stocks, Emerging currencies, metals climb on Asia economic optimism.
- Bernanke says Fed is reviewing Goldman Sachs's arrangements with Greece.
- India's Finance Minister pledges to shrink budget gap as economic growth quickens.
- Obama may ban all foreclosures without review by loan-modification program.
- OPEC output reaches 14-month high in February on Saudi gain, survey shows.
- Sales of previously owned US homes probably rose on tax credit extension.
- Treasuries head for monthly gain on Greece debt concerns, Fed rate outlook.
- Yen declines versus Dollar, Euro amid speculation importers sold currency.
- AIG, federal overseers scrap plan to use cash flows from life-insurance policies to repay $8.5B in federal aid. Reports $8.9B in Dec. loss.
- ANZ posts 16% rise in profit for first 4 months of its fiscal on improving economic conditions.
- Bombardier gets $3.1B order from Republic Airways.
- China Mobile may buy $5.9B stake in Pudong bank, reports.
- CIT said to plan first bond sale since emerging from bankruptcy protection.
- CKE to be acquired by Thomas H. Lee Partners.
- Diamond Foods agreed to acquire Kettle Foods from Lion Capital LLP for $615M.
- Dresser-Rand misses by $0.16, posts Q4 EPS of $0.50. Revs fell 24.6% to $562.5M.
- Geely plans to buy small commercial and specialty-car maker, Zhejiang Zhongyu Automobile.
- Great Plains Energy's Q4 net more than doubles to $15.6M on higher rates, lower gas prices.
- H.J. Heinz Co. said it was able to raise prices 1.8% in its latest quarter.
- Lloyds posts loss as impairments begin to recede
- PartnerRe authorizes repurchase of up to 8M shares.
- Rambus Board authorizing repurchase of up to 12.5M shares.
- Safeway's Q4 profit, excl. $1.6B of write downs, sank 38% to $209.1M. Revs fell 8.1% to $12.7B.
- Televisa 4Q net profit dropped 58% from a year ago
- Toyota recalls traced back to cost cuts, growth that 'hijacked' quality.
- Westar Energy misses by $0.11, reports Q4 EPS of $0.10. Revs rose 8.4% to $440.1M.
- Woolworths profit rises 11.4%, plans $355M in stock buybacks.
Economic Calendar: Data on GDP, Chicago PMI, Existing Home Sales to be released today.
Earnings Calendar: BARE, BYD, FRO, FSS, HANS, HAWK, IPG, MIR, SWX, TEF, UTSI, WG.
RECENT RATING ACTIONS
GENERAL ELECTRIC CAPITAL (GELK)
SILGAN HOLDINGS INC (SLGN)
LTD BRANDS INC (LTD)
BALL CORP (BLL)
CROWN HOLDINGS INC (CCK)
EXPRESS SCRIPTS INC (ESRX)
ARVINMERITOR INC (ARM)
MACY'S INC (M)
PETROHAWK ENERGY CORP (HK)
COCA-COLA FEMSA SAB DE CV (KOFL MM)
LIZ CLAIBORNE INC (LIZ)
COCA-COLA BOTTLING CO (COKE)
COCA-COLA ENTERPRISES INC (CCE)
Data provided by Egan-Jones Ratings and Analytics
»
- 2173 reads
- Printer-friendly version
- Send to friend
- advertisements -
Obama may ban all foreclosures without review by loan-modification program.
Sheesh - are they trying to get people to stop paying their mortgages?
You know, it's almost as if this Obama fellow has absolutely no idea what he's doing.
Tyler
Can calculate for us how many jobs will be lost today because of the blanketing snowstorm. Is the BLS counting each flake as a lost job?
Tyler/Marla - put up the CNBC video, approx 8:15 EST, where Fred Mishkin says "I need the Shadow Banking System back, as I have 2 houses and need to sell one, but there are no Jumbo Loans."
I just about spit up my corn flakes.
What a pathetic loser this man is.
He's probably got an Option-ARM on one or both of those houses, and he's going to be foreclosed on. A Walk-Away Subprime Central Banker!
Where is the article that states Obama might ban all foreclosures?
Where is the article that states Obama might ban all foreclosures?
Obama may ban all foreclosures without review by loan-modification program.
I saw this covered on Bloomberg, not sure. What I recall is that this only covers mortgages from failed banks that were "sold" by the FDIC. I used the word "sold" in quotes - remember that video a few weeks back that showed investors getting a free backstop - easy money from foreclosed homes in their recently purchased portfolio from the FDIC? I'll try to verify it.
AIG caught me off guard. I saw this article in Bloomberg a few days ago that they were turning around: http://www.bloomberg.com/apps/news?pid=20601087&sid=ah3F_Zy7uuow&pos=7
Hmm.
ucvhost is a leading web site hosting service provider that is known to provide reliable and affordable hosting packages to customers. The company believes in providing absolute and superior control to the customer as well as complete security and flexibility through its many packages. windows vps Moreover, the company provides technical support as well as customer service 24x7, in order to enable its customers to easily upgrade their software, install it or even solve their problems. ucvhost offers the following different packages to its customers.