From The Business Insider, Feb. 5, 2010:(This post appeared originally on the author’s blog, Gregor.us. …
7 U.S. States That Are Worse Off Than Greece, Portgal, Ireland, and Spain
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Daily Archives: February 5, 2010
The 10 Best Tech Super Bowl Ads Ever
From The Business Insider, Feb. 5, 2010:
Fraud Charges May Finally Flush Out The Truth About What Happened Inside Bank Of America
Yesterday, New York Attorney General Andrew Cuomo filed civil fraud charges against Bank of America and the company’s former CEO Ken Lewis and CFO Joseph Price. …
Stocks Struggling Again, Market Still Waiting for V-Shaped Recovery
Stocks are mixed this morning as the Dow Jones Industrial Average teeters around 10,000… again. Stocks have bounced back and forth as investors digest the unexpected drop in the unemployment rate.The U.S. lost 20,000 jobs in January yet
Don’t Be Fooled By Lower Unemployment Rate, Job Losses Continue to Mount
The U.S. economy shed 20,000 jobs in January, a tad worse than expectations for a reading of flat to up 15,000. The unemployment rate unexpectedly fell to 9.7%, a five-month low.A falling unemployment rate is certainly good news for the Obama administrati
Unemployment Rate Dropped to 9.7 Percent in January
From The Business Insider, Feb. 5, 2010: Analysts had been looking for 10.0% unemployment, so this looks decent.
However there are some measurement changes that affected the number, so that’s an issue.
But nonfarm payrolls in November and December were
A Quick Guide to Destroying $21 Billion of Shareholder Value, and Decades of Reputation
From The Business Insider, Feb. 5, 2010: Some might say that Toyota’s current crisis is a result of enormously bad luck, and they might be partly right.
Yet Toyota’s problems also appear to have been the result of a
series of tiny flops, over and over,
There’s No Jobs Growth? Don’t Tell Cisco
Economists are expecting Friday’s jobs report will show the economy produced a flat or slightly positive jobs tally and a slight uptick in unemployment to 10.1%. But after Thursday’s disappointing jobless claims data, traders braced for, in the words of o
DealZone Daily
U.S. industrial gas supplier Air Products and Chemicals Inc launches a hostile bid to buy rival Airgas Inc for about $60 per
share in cash, in a deal valued at about $7 billion including assumed debt.
Deutsche Telekom is considering an initial public offering or spinoff of its U.S. wireless service T-Mobile USA, the Wall Street Journal reports, citing people familiar with the matter. T-Mobile USA could have an equity value of around $20 billion, the Journal says.
There’s plenty of other M&A and corporate finance news reported by Reuters and other media on Friday. Highlights include:
Mongolia’s government cancels the auction of an estimated $2 billion stake in one of the world’s largest untapped coal deposits, ending the hopes of global mining giants eager for a slice of the project, sources tell Reuters.
Thanachart Bank, 49 percent owned by Canada’s Scotiabank, has offered $984 million to buy 48 percent of Thailand’s seventh-ranked lender, sources tell Reuters, muscling ahead of an offer by HSBC.
U.S. private equity firm Blackstone and buyout firm Resolution have joined National Australia Bank in a possible bid for more than 300 branches of Royal Bank of Scotland, the Financial Times says.
Private equity firm Cinven is teaming up with retail executive Rob Templeman to consider a $794 million bid for UK furniture retailer DFS, the Daily Telegraph reports.
Abu Dhabi’s sovereign wealth fund is to buy a 15 percent stake in London’s Gatwick Airport for $200 million as
the airport’s new owner aims to bring in additional investors, the Times newspaper reports.
Dow Tests 10,000 as Stocks, Commodities Tumble
From The Business Insider, Feb. 4, 2010:The Dow plunged below 10,000 today, and at 4:00 PM it was at around 9999.84.
Some late ticks put it over the top, and the index settled at 10,002. But it was a hollow victory on a day the index fell 2.6%.
The NASD
On a Big Down Day, Cisco’s Optimism Stands Out
Thursday was a tough day for the optimists. Major averages tumbled following a weaker-than-expected jobless claims report and renewed strength in the dollar amid ongoing worries over sovereign debt in Greece, Portugal and Spain.Heading into the close, maj
Toyota’s Problems Probably Not Over, Which Is Good for Ford, Says Jeff Matthews
Toyota’s crisis appears far from over. The company now says it may recall the latest version of the Prius, after the Japanese government ordered an investigation of its braking system. The U.S. Department of Transportation is also investigatin