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Periodicals Wrap-Up for Wednesday, November 5th
WALL STREET JOURNAL: According to the Wall Street Journal’s “Heard on the Street,” Yahoo’s (YHOO) new plan to outsource just 25% of its search-advertising revenue to Google (GOOG) for two years will not give it the huge sales boost it needs and will have less […]
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From Briefing.com
Periodicals Wrap-Up for Friday, October 31st
WALL STREET JOURNAL: According to the Wall Street Journal’s “Heard on the Street,” analysts are questioning whether CBS (CBS) can maintain its generous dividend with radio and TV ad revenues declining sharply. While chairman Sumner Redstone has dismissed concerns, some analysts believe CBS hasn’t conserved […]
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From Briefing.com
Periodicals Wrap-Up for Thursday, October 30th
WALL STREET JOURNAL: German securities regulator Bafin is investigating possible market manipulation in Volkswagen’s (VLKAY) recent share price movements, the Wall Street Journal reported. Hedge funds have lost billions betting that the car maker’s shares would fall while Porsche has reaped the benefits of […]
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From Briefing.com
Periodicals Wrap-Up for Wednesday, October 29th
WALL STREET JOURNAL: According to people familiar with the talks, the Wall Street Journal reported that GMAC LLC is looking to become a bank holding company. This move would give the lender, co-owned by General Motors (GM) and Cerberus Capital, access to the government’s $700B […]
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Periodicals Wrap-Up for Tuesday, October 28th
WALL STREET JOURNAL: In a move that can ease the way for a discussed merger between General Motors (GM) and Chrysler, the Wall Street Journal reported that the Bush administration is working to release to GM a portion of the loans Congress approved for the […]
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From briefing.com
Periodicals Wrap-Up for Monday, October 27th
WALL STREET JOURNAL: According to a person familiar with the matter, the Wall Street Journal reported that Goldman Sachs (GS) approached Citigroup (C) in September about the possibility of merging the firms’ operations. The sources said a “brief call” between Goldman CEO Lloyd Blankfein and […]
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Periodicals Wrap-Up for Friday, October 24th
WALL STREET JOURNAL: In a sign that its need for cash continues to expand, the Wall Street Journal reported that American International Group (AIG) borrowed $90.3B from the federal government as of Wednesday… The Wall Street Journal also reported the economy has begun to take its […]
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From Briefing.com
Periodicals Wrap-Up for Thursday, October 23rd
WALL STREET JOURNAL: Goldman Sachs Group (GS) is about to cut 10% of its 32,500 employees, the Wall Street Journal reported, as the credit crisis continues to take its toll on Goldman, and as the wave of downsizing affects Wall Street…The Wall Street Journal also […]
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From Briefing.com
Periodicals Wrap-Up for Wednesday, October 22nd
WALL STREET JOURNAL: Biotech stocks have rebounded better than the overall market, the Wall Street Journal reported. As companies report earnings, “in terms of core business and demand for drugs…these businesses aren’t feeling the effects of the global economy,” S&P’s Steven Silver said. And […]
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From briefing.com
Periodicals Wrap-Up for Tuesday, October 21st
WALL STREET JOURNAL: If banks use the government’s $250B rescue plan as a means to make acquisitions it would not boost the economy as would new bank lending–the plans intent–according to the Wall Street Journal. John Allison, CEO of BB&T Corp. (BBT), for one, says, […]
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