At the end of December 2007, Daimler’s 20-percent stake in Chrysler was valued at about $1.18 billion.
At the end of June, Daimler valued that investment at about $219.6 million.
Today, Daimler said the book value of that 20-percent stake is zero.
That’s right, zero.
To put that zero in perspective:
A year ago, after Daimler sold 80 percent of […]
Posted on October 23rd, 2008 by
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From Silicon Alley Insider, Oct. 22, 2008:The market already knew that Amazon was not immune to slower consumer
spending — it’s stock is down over 60% from its highs — but the
company may be in worse shape than previously thought. It has just
reporte
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U.S. senators want bankers to eat their broccoli before gorging on taxpayer bread.
The Senate Banking Committee took a Treasury Department official to task for committing $250 billion of the $700 bailout money to buy stakes in banks without getting any guarantees that those firms wouldn’t pocket the cash or use it for acquisitions.
“I remain especially concerned that, in […]
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The Dow fell for the 13th time in 16 trading days Wednesday, suffering another big drop.After falling nearly 700 points at its worst, the Dow closed down 514 points, or 5.7%, to 8,519. The S&P tumbled 6.1% to 897, its lowest level since April 2003, wh
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Will Ticketmaster’s new duet fend off a hot rival and help it rise above an economic climate that makes pricey concert tickets seem like an extravagance?
The ticketing giant has announced a complex deal to acquire top artist-management agency Front Line, home to artists including Christina Aguilera, the Eagles and Neil Diamond. Front Line honcho Irving […]
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With the financial market crisis unresolved, the “real” economy has gotten scant attention. Unfortunately, the little discussion that’s occurring is typically around a debate over whether the economy is already in recession, or about to go into
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From Silicon Alley Insider, Oct. 22, 2008:Apple’s single biggest corporate priority is (or should be) to
diversify its dependence on Steve Jobs. In the past month, investors
have gotten two stark reminders of just how much value the market
attributes t
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As the market struggles to find its footing, debate is raging over whether the kind of panic typically associated with market bottoms has occurred in recent weeks.It’s too soon to judge whether a sustainable bottom has occurred, “but there is a bit o
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