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» 2008 » November

  • Geopolitics - Nov 27
    By admin on November 27th, 2008 | No Comments Comments
    … and a chorus of bailout appeals, a credit crunch and banking failures, a bursting real-estate bubble … the Gulf: he has decided that Islamic bonds will not form part of the Government’s … ...
  • Acquisition of foreign assets by GCC exceeds $900bn
    By admin on November 27th, 2008 | No Comments Comments
    … around $390 billion. The onset of the credit crunch in the second half of 2007 triggered … thought to be invested in liquid, low-risk bonds and cash and equities. Its holdings are … ...
  • US consumers not spending their way out of a recessio...
    By admin on November 27th, 2008 | No Comments Comments
    … fall in spending and underlined how a credit crunch, falling home prices and steady job losses … economist at Capital Economics. US Treasuries (government bonds) edged higher in price and the dollar … ...
  • 1st time ever: 10-year yield dips below 3%
    By admin on November 27th, 2008 | No Comments Comments
    Demand for U.S. Treasury bonds surged Wednesday, lowering the yield on the benchmark note to an all-time low, as investors responded to grim economic data and falling mortgage rates. ...
  • Trying to end the mortgage-rate lag
    By admin on November 27th, 2008 | No Comments Comments
    Bad news is good news for Treasury investors, and recently, there has been a whole lot of bad news. Mortgage rates, however, have not fallen with Treasury yields, but an $800 billion government bailout could change all of that. ...
  • Unusual 11 Mid-Day Movers 11/26: EMKR, CHRS, SCMF, GM...
    By admin on November 27th, 2008 | No Comments Comments
    LandAmerica Financial (NYSE: LFG) 78% LOWER; shares fell 88% on Monday following news that the company had canceled a deal to be acquired by Fidelity National. Today, rather than doing an outright deal, the company announced that it will sell 3 title insurance units to Fidelity. LandAmerica also filed Chapter 11 bankruptcy protection for the remain...
  • Notable Analyst Rating Changes 11/26: PCG, ITRI, MPEL...
    By admin on November 27th, 2008 | No Comments Comments
    UPGRADES: Merrill Lynch upgrades PG&E Corp (NYSE: PCG) from Neutral to Buy. UBS upgrades Itron (Nasdaq: ITRI) from Neutral to Buy. Goldman Sachs upgrades Melco Crown Entertainment Ltd. (Nasdaq: MPEL) from Neutral to Buy. For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades DOWNGRADES: Wachovia downgrades Deere & Co. (NYS...
  • Notable Mergers and Acquisitions of the Day 11/26: BC...
    By admin on November 27th, 2008 | No Comments Comments
    Shares of BCE (NYSE: BCE) are down 39% today after the company announced it has received a preliminary view from KPMG that, based on current market conditions, its analysis to date and the amount of indebtedness involved in the LBO financing, it does not expect to be in a position to deliver on the scheduled effective date of BCE’s privatiza...
  • Morning Movers 11/26: BCE (BCE) Lower After Buyout Hi...
    By admin on November 27th, 2008 | No Comments Comments
    StreetInsider.com Morning Movers:Borders Group Inc. (NYSE: BGP) 50% LOWER; reports Q3 loss of $0.54, 4 cents below the analyst estimate of ($0.50). Revenue for the quarter was $682.1 million, versus the consensus of $726.54 million. In talks with Pershing Square on financing alternatives. No longer considering a sale of the company. BCE (NYSE: BCE)...
  • Fitch develops CDS liquidity score
    By admin on November 27th, 2008 | No Comments Comments
    Score will help banks identify their exposure to the most liquid and least liquid assets, and strengthen their liquidity risk management procedures ...

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