Deep-pocketed sovereign wealth funds from Asia and the Middle East have made the headlines over the past year by snapping up stakes in stock exchanges, hedge funds, banks and private equity firms. Should they now set their sights on making acquisitions in the insurance sector?
That’s the thesis of a new research paper from accounting and consulting firm Deloitte. Using a […]
Posted on July 22nd, 2008 by
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Treasury Secretary Hank Paulson has been putting on a full-court press in the last 24 hours, making the case for his plan to shore-up Fannie Mae and Freddie Mac.”I would rather not be in the position of asking for extraordinary authorities to support
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Posted on July 22nd, 2008 by
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The broker/dealer business model is “inherently unstable” and the four remaining major firms will not be independent in a few years, says Nouriel Roubini, economics professor at NYU’s Stern School and chairman of RGE Monitor.
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Posted on July 22nd, 2008 by
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From Silicon Alley Insider, July 22, 2008:Results disappointing: Gross revenue lower half of range (weak), operating income light, EBITDA light, EPS light. Revenue and operating income guidance for year “narrowed” (high end of range reduced).Rev
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Posted on July 22nd, 2008 by
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From Silcon Alley Insider, July 21, 2008:4:20PM ET: Release Out…reviewing Results very disappointing: Gross revenue lower half of range (weak), operating income light, EBITDA light, EPS light. …
Posted on July 22nd, 2008 by
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The recent rebound in financial stocks faced a big test after American Express warned Monday evening and Wachovia issued a huge loss Tuesday morning.Citing a “weakening economy,”
Posted on July 22nd, 2008 by
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Apple shares tumbled Tuesday in the wake of its disappointing guidance. But this is one of those times where you need to separate the stock from the company, which appears primed for stellar long-term growth and market-share gains.First, the numbers:
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Posted on July 22nd, 2008 by
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One of the most noted skeptics on Wall Street, NYU Professor Nouriel Roubini says the financial system is in “the worst crisis since the Great Depression,” and that the bear market in stocks is only half over.Subprime mortgages are
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Posted on July 22nd, 2008 by
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