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One of the first things students get taught in business school is that it is a bad idea to replace senior management in the midst of a crisis, especially if those people have been around for a long...
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According to Reuters, Toyota (TM) cut its 2009 sales forecast by almost 7%. Reuters reports that Fannie Mae (FNM) changed several of its top executives. Reuters writes that Starbucks (SBUX)...
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Aside from bad mortgage-backs securities bets, a dying LBO business, auction rate securities, and deteriorating credit card debt, the banks and brokerages may be up against their largest challenge...
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According to Reuters, the FDIC may have to borrow money from Treasury to see it though a wave of bank failures. Reuters reports that Lehman (LEH) has asked three investment firms to stay in the...
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The evidence is thin, but at least it is available. Freddie Mac (FRE) and Fannie Mae (FNM) could raise money on their own and without a government bail-out which would wipe out common stockholders...
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According to Reuters, Singapore sovereign fund Temasek say it sees value in US and UK stocks. Reuters writes that two large bond investors may get involved in raising capital for Fannie Mae (FNM) and...
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In the latest installment of the "Batman" film series, loyal butler Alfred tries to explain the behavior of some of the most depraved criminals. He points out to a befuddled Bruce Wayne that "Some...
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According to Reuters, US car sales are likely to have another large drop in August. Reuters reports that Bernanke would like to see broader regulation of the financial markets. Reuters reports that...
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Moody’s has come out with a downgrade this morning on the preferred stock ratings of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). The ratings have been taken down to Baa3 from A1 and the...
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This morning there was a rather long CNBC interview where Becky Quick got to interview Berkshire Hathaway’s (NYSE: BRK-A) Warren Buffett live in Omaha. He noted specifically that the economic...
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The collapse in the shares of Freddie Mac (FRE) and Fannie Mae (FNM) was arrested yesterday. At one point, both stocks were up and Fannie Mae ended the day in the plus column. It has begin to occur...
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According to Reuters, Warren Buffett and the head of Blackstone (BX) called for a solution to the govenment’s growing debt load and reliance of foreign investors to finance US borrowing. Reuters...
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VSInvestor has several volume and price alerts for early today. Fannie Mae (FNM) and Freddie Mac (FRE) are off again on higher-than-normal volume. Several airline stocks, with United (UAUA) out in...
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According to Reuters, Nissan says it will start exporting cars from it China joint venture. Reuters reports that Micorosft (MSFT) will enlist Seinfeld for its new ad campaign. Reuters reports that...
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Fannie Mae (FNM) Fear the mortgage firm will fail. Drops to $3.95 from 52-week high of $70.57. Freddie Mac (FRE) Ditto. Sells down to $2.95 from 52-week high of $67.20. McClatchy Newspapers (MNI)...
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