TORONTO, Nov. 13, 2008 (Reuters) — Nortel Networks Corp , North America's biggest maker of telephone equipment, will have to rely on asset sales to fund its battered operations, and risks running out of money and collapsing under its debt load before 2011, an analyst warned on Thursday. ... > full story
DETROIT, Nov. 13, 2008 (Reuters) — Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid to survive a deepening industry downturn. ... > full story
WASHINGTON, Nov. 13, 2008 (Reuters) — The Bush administration could quickly disburse $25 billion in loans to U.S. automakers if Congress amends the 2007 energy act that authorized the loan program, a top Bush administration official said on Thursday. ... > full story
WASHINGTON, Nov. 13, 2008 (Reuters) — George Soros, chairman of Soros Fund Management, testified at a House Oversight and Government Reform Committee hearing on Thursday. Highlights: ... > full story
NEW YORK, Nov. 13, 2008 (Reuters) — U.S. technology shares slumped on Thursday morning after Intel Corp slashed its revenue forecast, in the latest sign of falling global demand for computers and other electronic products. ... > full story
Nov. 13, 2008 (Reuters) — At least two analysts on Thursday projected that JPMorgan Chase & Co would suffer write-downs in the range of $1.6 billion to $1.7 billion for the fourth quarter and cut their profit outlook for the bank. Analysts at Citigroup and Fox-Pitt Kelton said they cut fourth-quarter estimates to reflect the recent company outlook of higher-than-expected loan loss reserve additions, likely writedowns as well as private equity losses. ... > full story
WASHINGTON, Nov. 13, 2008 (Reuters) — Top executives of several major U.S. hedge funds testified Thursday at a House Oversight and Government Reform Committee hearing on the financial crisis. Highlights: ... > full story
ANDREWS AIR FORCE BASE, Md, Nov. 13, 2008 (Reuters) — The White House said on Thursday it was not Congress' intent to use the $700 billion financial rescue package to help ailing U.S. automakers. ... > full story
NEW YORK, Nov. 13, 2008 (Reuters) — Franklin Bank Corp , the lender founded by mortgage securities pioneer Lewis Ranieri, filed for bankruptcy protection and plans to liquidate, after federal regulators seized its banking unit. ... > full story
HONG KONG, Nov. 13, 2008 (Reuters) — Kohlberg Kravis Roberts & Co co-founder George Roberts said the firm is "moving ahead with its IPO" but declined to comment on timing. ... > full story
Copyright Reuters 2008. See Restrictions for more details.
Fund managers testify at Congress Nov. 13, 2008 (Washington Post) — Top executives of several major U.S. hedge funds testified Thursday at a House Oversight and Government Reform Committee hearing on the financial ...
Premarket roundup: JPMorgan Chase, Charlotte Russe Nov. 13, 2008 (CNBC) — Among the premarket stories for Thursday, Nov. 13, from AP Financial News:. NEW YORK (AP) — An analyst on Thursday cut his earnings estimates and ...
Face value: Raging bull Nov. 13, 2008 (Economist) — I'M NOT Robert de Niro, but I'm a raging bull on private equity," enthused Steve Schwarzman on October 28th. And, lest his strikingly contrarian ...
Subscribe
Print
Email
Bookmark
