27 links tagged “economy”
http://www.bloomberg.com/apps/news?pid=20601087
Dec. 10 (Bloomberg) -- A global stock slump may have further to go, according to Tobin’s Q ratio, which compares the market value of companies to the cost of their constituent parts, CLSA Ltd. strategist Russell Napier said.
http://www.marketwatch.com/news/story/Bank-Amer...
Bank of America today sent a letter to Republic Windows & Doors LLC indicating that the bank is prepared to provide a limited amount of additional loans to Republic to help fund a comprehensive resolution of Employee Claims.
http://www.foxnews.com/politics/2008/12/09/repo...
Illinois Gov. Rod Blagojevich and his chief of staff John Harris were arrested Tuesday morning in Chicago on two counts each of federal corruption charges
http://www.bloomberg.com/apps/news?pid=20601087
Illinois Governor Rod Blagojevich said today the state would suspend its business with Bank of America Corp. until the lender restores credit to the shuttered Republic Windows & Doors company in Chicago where workers are staging a sit-in.
http://www.google.com/hostednews/ap/article/ALe...
Leah Fried, an organizer for the United Electrical Workers, said the company told the union that Bank of America had canceled its financing.
http://www.nytimes.com/2008/12/08/us/08chicago....
“They want the poor person to stay down,” said Silvia Mazon, 47, a mother of two who worked as an assembler here for 13 years and said she had never before been the sort to march in protests or make a fuss.
http://www.reuters.com/article/newsOne/idUSN074...
"Everybody can't live on Wall Street. Everybody can't live on Main Street. But all of us have lived on the side street, the working class," Ellis said. "I call it the working class because everything tells me there is no more middle class."
http://biz.yahoo.com/ap/081203/autos_uaw.html
The CEOs of all three automakers are heading to Washington for Congressional hearings Thursday and Friday on their request for a total of $34 billion in government loans to help them weather a recession and the worst auto sales climate in 26 years.
http://www.nj.com/business/index.ssf/2008/11/wh...
Already this year, with the Dow Jones industrial average down about 40 percent from its October 2007 high, some 4 percent of 401(k) participants have stopped putting money in their plan, according to consulting firm Hewitt Associates.
http://money.cnn.com/news/newsfeeds/articles/dj...
The chief executives of General Motors Corp. (GM) and Ford Motor Co. (F) said Wednesday they wouldn't accept a $1 salary in exchange for government aid to their imperiled companies, as the head of the former Chrysler Corp. did a generation ago.
http://www.forbes.com/afxnewslimited/feeds/afx/...
President George W. Bush said on Friday the U.S. government was moving aggressively to address the financial markets crisis, but he acknowledged that anxiety was feeding on itself as stocks continued to plunge.
http://www.bloomberg.com/apps/news?pid=20601087
``Why would you want to wipe out shareholders when you just need a bridge loan?'' Greenberg, 83, said in an interview before the announcement. ``It doesn't make any sense.'' Greenberg declined to comment after the Fed announcement, spokesman Glen Roc...
http://www.reuters.com/article/businessNews/idU...
Automakers deserve as much as $50 billion in government-backed loans so that they can build more fuel-efficient cars, according to a top General Motors executive, the New York Times reported.
http://ap.google.com/article/ALeqM5jsanM66tszKz...
"Americans felt better about the economy in August, as a barometer of sentiment posted the biggest boost in two years amid falling gas prices."
http://economistsview.typepad.com/economistsvie...
"Exchange rate intervention to strengthen the dollar would be ... counterproductive. If it succeeded, it would cause the dollar to rise when the US economy needs a more competitive dollar. ... "
http://bigpicture.typepad.com/comments/2008/03/...
"Given that the enormous overhang in inventory is a huge part of the problem, this is, perversely good news."
http://interfluidity.powerblogs.com/posts/12059...
Was Bear raid an orchestrated attempt to drive the company out of business ? It sure would explain the trading volume and yesterday's close of BSC at well above $2/share that JPMorgan is offering.
Fascinating. We live in interesting times.
http://www.ft.com/cms/s/e2206ed2-f380-11dc-b6bc...
"the deal, which values Bear at just $2 per share, compared with the $169 hit in January last year and the $30 reached on Friday, will wipe out most of the value of the investments of Bear’s shareholders."
