It wasn’t quite the market response Genentech CEO Arthur Levinson was looking for.
Levinson and his team worked hard to make the bull case for the biotech group by providing long-term forecasts to prove it is worth far more than Roche is willing to pay. Yet Genentech shares still ended down 4.6 percent, or nearly $4, in line with a grim market on March […]
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At the Geneva auto show, General Motors is getting down to the business of convincing European governments to pump state funds into its Opel/Vauxhall arm. Europe has long been considered one of the more profitable corners of the globe for GM. The company is talking about closing three plants there and warning officials that there […]
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From The Business Insider, March 2, 2009: UPDATE: At the close, the Dow fell 299.64 points, or 4.2 percent to 6,763. …
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America’s bailout parade continued Monday as the government revised the terms of its $150 billion rescue package for AIG, which reported an astounding $61.7 billion fourth-quarter loss. The government’s latest attempt to rescue AIG - number four for those
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Fed Chairman Bernanke raised eyebrows (and, briefly, the market) last week when said there’s a “reasonable prospect” the economy will bottom this year and be in recovery in 2010. But Berkshire Hathaway’s Warren Buffett disagrees: The economy &qu
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One of the hardest things about this crisis is major events are occurring almost daily so there’s very little time to stop and think about what happened yesterday, much less last week. Such appears to be the fate of the government’s “stress test"
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Potential buyers of a large AIG business could be the latest to get some “relief” under the $700 billion Troubled Asset Relief Program (TARP).
In approving a revised AIG rescue package, the government has also agreed to give potential bidders of the insurer’s assets at least a bit of what some of them have been clamouring for – […]
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