This page has been archived and commenting is disabled.
Layoff Watch: Hertz Laying off 4,000 Workers
Submitted by Tyler Durden on 01/16/2009 17:47 -0400
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.
»
- Read more
- 877 reads
Citi Files Summary Terms of Its US Government Joint Loss Sharing Program
Submitted by Tyler Durden on 01/16/2009 22:32 -0400For the full link to the 8-K, look here.
At this point on Friday we are too drunk to read thru this garbage.
»
- 471 reads
Death Watch: Is Southwest (LUV) in Much More Trouble Than Perceived? Few More Words on Contango
Submitted by Tyler Durden on 01/18/2009 18:24 -0400
We like Southwest - cheap tickets, drunk passengers on the Vegas flights, hot passengers on others, sweet equity ticker... Yet something is fishy in the city of Dallas...
»
- Read more
- 1807 reads
Rick Bookstabber Implicated in Dr. Seuss Parody
Submitted by Tyler Durden on 01/19/2009 22:24 -0400Bridgewater quant guru and author of A Demon of Our Own Design, Rick Bookstabber, has found an unexpected role in this curious take on Dr. Seuss' The Lorax.
»
- Read more
- 1644 reads
CNBC All Over 1998 Freeware MIDI Files
Submitted by Tyler Durden on 01/20/2009 16:42 -0400Every time I hear the CNBC jingle for the Obama Coverage (1:15:04 on the countdown ticker - exciting) i expect to see Louis XIV. Did they get this jingle from some decade old MIDI file? Did someone actually make money "composing" this?
»
- 521 reads
At The Altar: YHOO MSFT Part 2?
Submitted by Tyler Durden on 01/16/2009 18:08 -0400Bloomberg, 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.
»
- 694 reads
Citi Files Summary Terms of Its US Government Joint Loss Sharing Program
Submitted by Tyler Durden on 01/16/2009 22:32 -0400For the full link to the 8-K, look here.
At this point on Friday we are too drunk to read thru this garbage.
»
- 438 reads
Death Watch: NYT About to Get George Romero Treatment
Submitted by Tyler Durden on 01/19/2009 05:37 -0400
I guess the expression "throwing good money after bad" hasn't quite made it to Tijuana yet. NYT reports that Carlos Slim is about to invest $250 million of 10 year 10% convertible preferred stock and that the New York Times board is meeting on Monday to formalize his investment.
»
- Read more
- 1086 reads
Real-Estate Values in Bastion of Hedgefundery Plummet
Submitted by Tyler Durden on 01/20/2009 01:03 -0400Yes, we all know median home prices are down, nobody is buying or selling anything, 30 year mortgages are the cheapest they have ever been but nobody can get one, yada yada... However, this is all for California, Nevada and Detroit, right? Wrong.
»
- Read more
- 948 reads
One Third of Middle Market LBOs To Set Up Appointment with Cryptkeeper
Submitted by Tyler Durden on 01/20/2009 17:06 -0400
Jon Moulton, head of the cool sounding Alchemy Partners (I thought that was reserved for Paulson and Bernanke's upcoming hedge fund), has said that nearly one-third of mid-market buyouts could fall into receivership (UK equivalent of bankruptcy).
»
- Read more
- 836 reads
Market Not Sure Why It Is Crashing But Doing So Anyway
Submitted by Tyler Durden on 01/16/2009 18:20 -0400In a totally non-schocking response to yesterday's trading action, the S&P has dropped 25 pts from its peak today.
»
- Read more
- 706 reads
Charter Has Not Learned from Nortel Lessons
Submitted by Tyler Durden on 01/17/2009 02:14 -0400
Bloomberg reports that Charter Communications, which as we noted, did not pay its Jan. 15 interest payment and has hired Rick Cieri and his mega-bankruptcy law firm Kirkland and Ellis...
»
- Read more
- 1431 reads
Death Watch: NYT About to Get George Romero Treatment
Submitted by Tyler Durden on 01/19/2009 05:37 -0400
I guess the expression "throwing good money after bad" hasn't quite made it to Tijuana yet. NYT reports that Carlos Slim is about to invest $250 million of 10 year 10% convertible preferred stock and that the New York Times board is meeting on Monday to formalize his investment.
»
- Read more
- 1113 reads
British Pound: His Name is Robert Paulson
Submitted by Tyler Durden on 01/20/2009 02:17 -0400*POUND WEAKENS ON SPECULATION U.K. CREDIT LOSSES WILL SPREAD
*POUND FALLS TO SIX-YEAR LOW OF $1.4295 AGAINST DOLLAR
»
- 1028 reads
One Third of Middle Market LBOs To Set Up Appointment with Cryptkeeper
Submitted by Tyler Durden on 01/20/2009 17:06 -0400
Jon Moulton, head of the cool sounding Alchemy Partners (I thought that was reserved for Paulson and Bernanke's upcoming hedge fund), has said that nearly one-third of mid-market buyouts could fall into receivership (UK equivalent of bankruptcy).
»
- Read more
- 900 reads