Archive for the ‘Stock Highlight’ Category
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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Thursday, October 18th, 2007
Bank of America had a worse than expected quarter, with profits down 32%. They also saw shrinkage in revenues.
"Overall earnings in the quarter were not acceptable to us," Chairman and Chief Executive Kenneth D. Lewis said on a conference call with analysts. "We believe we should have ...
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Thursday, October 11th, 2007
The SEC is being asked to look into case of insider trading at CountryWide Financial, the troubled lender. The subprime mortgage crisis has been tough on almost everyone in the financial industry, but not so for Countrywide CEO Angelo Mozilo. Now, some would like his trades investigated. ...
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Wednesday, October 10th, 2007
Apparently the UAW is in a striking mood these days. Workers at Chrysler have now walked off the job, much like their counterparts did at GM.
It would be the first UAW strike against Chrysler since 1997, when one plant was shut down for a month, and the first strike ...
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Tuesday, September 25th, 2007
From the "Department of the Obvious": a prolonged strike at General Motors lasting more than a few weeks could really hurt the company an easily cost them billions.
GM had about a 65-day supply of cars and trucks as September began, versus a 71-day supply at the same time ...
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Monday, September 10th, 2007
Two more major lenders are worried that the credit woes that continue to plague the financial services industry might take a bite out of their earnings. Wachovia and WaMu, which are two of the nation's largest lenders, are concerned about losses related to crumbling credit conditions, due to consumers ...
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Thursday, August 23rd, 2007
Countrywide Financial's shares rose 7% today as investors decided the $2 billion infusion of capital from Bank of America is proof that the company will survive. Countrywide, like many other subprime lenders, has been hanging on by a thread as the bad loans pile up.
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Wednesday, August 8th, 2007
Virgin America is coming to the skies near you, adding capacity to the airline industry, which has been trying to cut back on its' size due to expenses. Of course, the additional capacity will likely cause pressure on pricing for the industry at large.
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Tuesday, July 24th, 2007
That's a question that a lot of people have had for a very long time. And every step of the way the answer has appeared to be a resounding "Yes". Somehow, though, the company has defied negative expectations and the stock price has remained upwards of $500 per ...
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Friday, July 21st, 2006
Dell is slumping as PC sales seem to be tanking. I'm not sure this trend is reversible. Every day I see more and more units of devices like UMPCs and SmartPhones moving out to the masses, and I wonder: "will people really want to chain themselves down to ...
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