A potentially devastating stock market decline morphed into a mere run-of-the-mill setback Monday.After trading as low as 9,525 intraday and on track for its worst-ever point decline, the Dow clawed back to close down a relatively tame 3.6% at 9,955.50, a
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Posted on October 7th, 2008 by
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The global financial meltdown is keeping asset management investment bankers busy as sales by distressed institutions help keep the deal flow going, according to latest data from Jefferies Putnam Lovell.
While dealmaking in general has lately been in a swoon, asset manager transactions increased 33 percent to 69 deals worldwide in the third quarter, preliminary data […]
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There’s not a lot of good news coming out of the Nasdaq today. Internet stocks are getting hit. Enterprise software stocks are getting hit. PC and chip makers are getting hit. So what’s a tech investor to do?
We asked Scott Kessler, of Standard &
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Banks aren’t lending to each other, but they are buying each other. An interesting by-product of the deals: capital-hungry institutions are raising billions of dollars of fresh capital in a tumbling market.
Bank of America said yesterday its tier-one capital ratio would be 7.5 percent in the third quarter, down from 8.25 percent in the second […]
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Sure, shares in eBay are down on news that it’ll spend more than $1 billion on new acquisitions and Netflix is down thanks to a surprise earnings warning. …
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The taxman is bringing good tidings for U.S. companies this crisis season.
Last week, the IRS relaxed rules at least twice in a bid to help companies access much-needed capital.
Early last week, it made bank takeovers easier by allowing a buyer to take tax breaks on a target’s loan losses immediately instead of having to spread it over many […]
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There’s a raft of downgrades and warnings pouring out of Wall Street today, and no tech sector seems to be as hard hit as computers and the chips that power them. Just to name a few: UBS is cutting targets and estimates for Apple,
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eBay answered mounting Wall Street concerns about its business by laying off 10% of its workforce and spending $1.34 billion on business to bolster non-core company growth. The soon-to-be acquired companies are Bill Me Later– a tool for quickly giving on
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