Archive for January, 2009
Is Apple hunting for a new CEO?
Apple need to do more than PR in this break for Steve. Otherwise it would have to go through what it went through last time Jobs left.
Read Full Post | Make a Comment ( None so far )State Street Falls
Assets under custody fell 21 percent in the past year to $12 trillion. Assets under management dropped 27 percent to $1.44 trillion.
Quarterly profits fell 71% as Fixed Income Portfolio has (unrealised) losses of $6 billion, conduits similarily $ another (unrealised) $3 billion and funds managed from cash collateral on custody assets went under $1. [...]
Deal Journal – WSJ.com : How Steven Spielberg Handles the Credit Crisis
The global credit crisis has roiled the country, but in Hollywood the stars are still spending. Along with Reliance Big Entertainment, filmmaker and DreamWorks SKG co-founder Steven Spielberg wrote a $26.5 million check this week to Paramount Pictures.
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Mr. Spielberg and DreamWorks Chief Executive Stacey Snider last fall left Paramount in order to launch a [...]
Citi break up
Citigroup Inc unveiled a plan to break into two businesses as a way to shed troubled assets, and reported an $8.29 billion fourth-quarter loss, its fifth straight quarterly loss.
The company also said on Friday that it anticipated more departures from its board, which is losing Robert Rubin as a director later this year. Nevertheless, Citigroup [...]
HedgeWorld | Deutsche Bank and HSBC come by to the waterhole
A profit warning from Deutsche Bank AG and a prediction HSBC Holdings Plc may need fresh capital shook confidence in two European banks previously credited with dodging the worst of the economic crisis.
Shares in Deutsche Bank and HSBC both tumbled by about 8% on Wednesday [Jan. 14], helping drag down the European sector as a [...]
Ethics « Financial Musings
Contrarian Indicator: CEOs?
March 18, 2008
In the current recessionary environment, if a CEO comes out to say that all is well, is that an indicator to short the stock?
On the 31st of January, after a worse than expected quarterly loss, MBIA CEO Gary Dunton came out to say that “We believe that these steps, along with reduced [...]
FT.com / Companies / Banks – Deutsche Bank expects full-year loss
Deutsche Bank also announced that Deutsche Post, the part state-owned postal and logistics company, would take a short-term 8 per cent stake in the bank as part of a revised Postbank deal.
The two groups scrapped the terms of a Postbank deal agreed in September in favour of a “more capital-efficient” transaction for Deutsche Bank.
Deutsche Post, [...]
Citi break up – our questions!
Citi’s deal with Morgan Stanley (check http://zyakaira.wordpress.com) confirms that when Vikram Pandit rode in the deal was already done in terms of the closing of Citi’s golden days as a group. That brokerage and investment businesses will continue to be a part of the worldwide retail business is a small consolation as also there is a question on its growth in emerging markets which are today the mainstay of any global corporation’s profit making strategies.
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