CFC
CFC Articles
Shares in Northern Rock, a big UK mortgage company are down almost 30% on news that the Bank of England had to provide emergency loans. Shares in CountryWide (CFC) are off 50% in less than two...
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Countrywide (CFC) Financial has hired Goldman Sachs and law firm Wachtell Lipton Rosen & Katz to arrange another multi-billion investment in the company, just weeks after Bank of America (BAC)...
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Countrywide Financial (CFC) did what it could to keep the news out of the light. But late Friday The Wall Street Journal put out word that 12,000 more people would be fired at the firm. That means...
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Countrywide (CFC) is going to whack another 900 people. Most of these will come from the mortgage production business. CFC has 60,000 total employees. CFC keeps saying that its prospects are...
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According to Reuters, Countrywide (CFC) will eliminate 900 jobs. Reuters writes that Apple (AAPL) is looking for higher sales and Europe launch of the iPhone as part of the reason it cut prices on...
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George Bush promised to do his best. And, that was the main message in his speech on the troubles in the sub-prime market. The address was not even long on promises. Congress will work on legislation...
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A number of home mortgage and home building stocks including Beazer (BZH) and Countrywide (CFC) are up ahead of President Bush’s speech on what he will do to improve the sub-prime mess. Of course,...
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McGraw-Hill (MGP) sacked the head of its S&P unit on the theory that the ratings agency should have seen sub-prime problems coming sooner and downgraded pools of the mortgage-backed securities....
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The FT believes that search engines and web portals will be hurt by the fall-out from the mortgage and credit card industries. Companies like Countrywide (CFC) and Bank One are big advertisers on...
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The CEO of CountryWide Financial (CFC), Angelo Mozilo, could not just take the $2 billion his company got from Bank of America (BAC) and have a nice day. He had to mention that he thought there would...
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According to Reuters, a group of California gas stations filed suit against Chevron (CVX), Saudi Aramco, and Royal Dutch Shell for price fixing. Reuters writes that Canon (CAJ) is spending another...
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It is too good to be true. Bank of America (BAC) put $ 2 billion into Countrywide Financial (CFC) by taking convertible preferred with an $18 a share strike price and a 7.25% coupon. BAC was able to...
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Below are short interest figures for major companies traded on the NYSE as of August 15 compared to July 13, 2007 Largest Short Positions Ford (F) ...
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According to Reuters, Countrywide (CFC) sought to calm investors about it future as it laid of mortgage workers. Reuters reports that Nasdaq’s (NDAQ) failure to buy the London Stock Exchange makes...
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On today’s STOP TRADING segment on CNBC, Jim Cramer discussed Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM) and said he just took a big profit on Fannie Mae. On Countrywide Financial (NYSE:CFC)...
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