Archive for the ‘Stock Highlight’ Category
Thursday, February 12th, 2009
The Coca-Cola Co. bucked the trend that many companies have been following these days and actually turned a profit. Of course the company's profits were down 18% from the year earlier period, but these days that's like hitting a home run.
Although they probably didn't dance in the ...
Posted in Stock Highlight | No Comments »
Wednesday, February 11th, 2009
Bank of America shares shed 19.2% of their value yesterday on a day that was particularly brutal for financial institutions on Wall Street. Investors didn't care for details of Timothy Geithner's vision of a financial bailout, and stocks were hammered as a result.
Bank of America CEO Ken Lewis sent ...
Posted in Stock Highlight | No Comments »
Thursday, January 22nd, 2009
Capital One is losing a lot of money. The company, located in McLean, Virginia, is expected to take a charge of $12.8 billion as credit card losses mount. The effect on their asset base will be depressing.
The lender’s goodwill, or value booked if the price of an acquisition ...
Posted in Stock Highlight | No Comments »
Monday, January 5th, 2009
Chief Executive Officer Dick Bond is leaving Tyson Foods, who is the number one US meat producer. Tyson, as well as their competitors in the meat industry, have been suffering from a prolonged downturn.
Meat sales are down due to the general economic malaise, plus commodity prices in ...
Posted in Stock Highlight | No Comments »
Sunday, January 4th, 2009
The average person these days in America has to get a sick feeling in the pits of their stomachs every time they think of the "bailout" of the financial industry. Credit lenders went crazy and lent money to anyone with a pulse, and now the taxpayers are bailing them ...
Posted in Stock Highlight | 1 Comment »
Friday, January 2nd, 2009
The US government is now a part owner of auto-loan lender GMAC. Uncle Sam has injected $5 billion of fresh capital into the struggling company. In exchange, they'll receive 5 million shares of preferred stock in the corporation. The shares come with an 8% annual interest rate ...
Posted in Stock Highlight | No Comments »
Monday, December 29th, 2008
Chrysler and GM get their tax payer bailout funds today, in a move that should prevent the collapse of the domestic auto industry. As the money flows towards the companies, analysts predict that this is just the start of the bailout.
The U.S. Treasury is expected to transfer $9.3 billion ...
Posted in Stock Highlight | 1 Comment »
Monday, December 29th, 2008
Rohm and Haas stock took a dump after a deal between their potential parent company, Dow Chemical, and the nation of Kuwait collapsed. Dow Chemical had been planning on using some of the $15.4 billion they would have used in the deal to purchase Rohn and Haas.
Kuwait yesterday ...
Posted in Stock Highlight | No Comments »
Tuesday, December 23rd, 2008
American Express, a company known for lecturing it's customers on financial responsibility, has taken a huge $3.39 billion from the government. The company, largely known for its' credit card operations, received the huge capital injection as part of the US government's bailout of the financial sector, also known as ...
Posted in Stock Highlight | No Comments »
Wednesday, December 17th, 2008
Morgan Stanley is the latest financial company to report results of an extremely dismal quarter. The company announced a loss of $2.3 billion for the fourth quarter.
The numbers were much worse than most analysts expected.
Either way, the results were substantially worse than what analysts were anticipating. Consensus estimates were ...
Posted in Stock Highlight | No Comments »
Subscribe to RSS Feed
Subscribe to Updates via Email
