If you’re operating under the premise that the losses have been (mostly) recognized and we are now going to see “write ups” somewhere down the road, you’re more than wrong. You’re delusional.
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“I have a hard time explaining it any other way, really”
M&M’s candy maker Mars Inc has teamed up with billionaire Warren Buffett to buy No. via Globeinvestor.com
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“More capital hikes and dividend cuts (are) coming as our credit deteriorates and forward earnings decline”
By Joseph A. Giannone Reuters Monday, April 28, 2008; 10:45 AM NEW YORK - Morgan Stanley analysts on Monday told clients to “sell the rally” in financial stocks, slashing forecasts for big bank earnings and … via Washington Post
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Just when I revealed some of credit cards’ dirtiest tricks, one of my credit cards pulled a trick of its own.With this month’s GAP card (backed by GE Money) statement…
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”Major lenders and mortgage insurers are turning off the money spigot for investors who want to buy rental houses or condos with minimal downpayments.”
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Merrill Lynch & Co., Inc. said Monday that it named Thomas Montag, 51, head of global sales and trading. via Market Watch
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“When this transaction is completed, we will be proud to welcome Wrigley’s associates to our company”
Mars Inc. and Warren Buffett’s Berkshire Hathaway Inc. agreed to acquire Wm. Wrigley Jr. via SmartMoney
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“Due to secondary market execution risk, Wells Fargo Wholesale Lending has implemented a new 3.00 price adjuster.” We were warned this might happen! Read the entire original PDF file from Wells by clicking the permalink.For more analysis, and another point of view, click here for Mr. Mortgage’s take on this announcement.
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“Regency Cos. of Des Moines, has laid off the entire staff of its home building business and left behind 300 homes that lenders and buyers will now have to sell or finish.”
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“Alliance Films’ ability to avoid a payment default and to execute its business plan will be contingent upon cash injections from investors and continued support from its creditors in agreeing to waive or amend the financial covenants”
The movie industry is less than a week away from its all-important summer blockbuster season, and what happens at the box office this year may be more crucial than ever for Canada’s biggest distributor, … via Globeinvestor.com
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