Archive for the ‘Stock Highlight’ Category
Tuesday, March 4th, 2008
At one point today, Google traded at $435.78, which as low as the company has traded for in the last 52 weeks. The news that affected the company today was that top executive Sheryl Sandberg was leaving the company to join rival FaceBook. Investors didn't care for that ...
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Friday, January 25th, 2008
It has always been great to be Microsoft, and current times are no different. The company announced earnings that outstripped analyst's expectations, thanks to good news from the XBox 360 division. The company also had better than expected results in their business division.
Microsoft raised its outlook Thursday for ...
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Tuesday, January 22nd, 2008
It is no surprise that Bank of America is suffering a bit from credit losses. They would be in a class by themselves if they weren't. They suffered both a fall in net income, and a 32 percent decline in revenue.
Net income at the Charlotte-based bank declined to ...
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Wednesday, January 16th, 2008
When Citigroup has already announced $12 billion in writedowns, you could almost be assured it would be a tough quarter for JP Morgan, the nation's third largest bank. In fact, JP Morgan had a worse than expected quarter, continuing the trend for big banks, but is still running ahead ...
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Tuesday, January 15th, 2008
An $18 billion writedown is tough for any company to swallow, even Citigroup. Losses on consumer loans and a recent $9 billion+ loss are making things tough at the world's largest financial company.
Citi also said it would raise $12.5bn in new capital to shore up its balance sheet through ...
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Tuesday, January 8th, 2008
Countrywide Financial is a company that has a lot of exposure to the subprime crisis, and that's making investors lose their appetite for shares in the company. Rumors that the company was heading into bankruptcy today pushed the stock down rapidly.
The beleaguered company run by CEO Angelo Mozilo has ...
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Wednesday, November 28th, 2007
Up until now Wells Fargo has dodged a bullet with the sub-prime credit crisis. But their luck finally ran out, as it has for everyone who dipped into that pool of "less than perfect credit" loans. The bank has been hit hard, in particular, by the California market, ...
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Monday, November 26th, 2007
Richard Branson is everywhere, all the time. Here he is, leading takeover talks with troubled British Lender Northern Rock. The Virgin group plans on taking over Northern Rock by assuming their rather massive obligations.
Virgin, which wants to re-brand Northern Rock as part of Virgin Money business, says its ...
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Wednesday, November 7th, 2007
Talk about the type of numbers investors don't want to see: GM has reported a quarterly loss of $39 billion! The loss is related to certain tax charges, and is much bigger than what analysts expected.
The loss was attributed to a $38.6 billion noncash charge largely related to ...
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Tuesday, October 23rd, 2007
It's no secret that many people have been unable to afford adjustable rate mortgages when they "reset" to much larger payments. So Countrywide, a company that is deeply involved in the subprime crisis is planning to reach out to many borrowers in hopes of preventing them from defaulting.
So far ...
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