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Wednesday, October 22, 2008
Telegraph.co.uk, United Kingdom -
Is an Englishman's home still his castle? The credit crunch forcibly ended the national obsession with buying houses and the impending recession seems to have put the brakes on our love of DIY as well. ... -
Wednesday, October 22, 2008
Telegraph.co.uk, United Kingdom -
Retail analyst Nick Bubb summed it up neatly this morning in a note referring to Argos and Homebase parent Home Retail Group's interim results: "Hi honey, ... -
Wednesday, October 22, 2008
Forbes, NY -
By EMILY FLYNN VENCAT 10.22.08, 5:54 AM ET Home Retail Group PLC, the owner of Britain's Homebase stores, posted a massive loss for the first half of the previous year. Home Retail's Chief Executive Terry Duddy warned that sales are likely to continue to suffer ... -
Wednesday, October 22, 2008
Sky News, UK -
Home Retail Group is the latest retailer to report a sharp downturn in trading in the wake of the crisis sparked by the collapse of Lehman Brothers in mid-September. ... -
Wednesday, October 22, 2008
Times Online, UK -
Home Retail has many merits sorely lacking in its sector: a strong balance sheet, healthy cash generation and a secure dividend. But as its name betrays, ... -
Wednesday, October 22, 2008
Times Online, UK -
It is an indication of how grim the economic outlook was two weeks ago, as the financial crisis threatened to destabilise the banking system, that the Bank of England's nine-strong rate setting committee voted unanimously for a half point rate cut during their emergency session. Not ... -
Wednesday, October 22, 2008
guardian.co.uk, UK -
Home Retail Group, which controls DIY chain Homebase and the Argos catalogue shops, has crashed into the red and seen sales plunge in recent weeks. The retailer slumped to a first-half loss of £437m after writing down more than £500,000 from the value ... -
Wednesday, October 22, 2008
Telegraph.co.uk, United Kingdom -
Sales at Argos have declined by historic amounts due to the dramatic slowdown in consumer spending, according to Terry Duddy, the chief executive of Argos-to-Homebase retailer Home Retail Group. ... -
Wednesday, October 22, 2008
BloggingStocks -
Collateralized Debt Obligations (CDOs) -- those fiendishly complex securities that slice bonds into different groups based on risk -- are a $1.3 trillion pile of toxic waste likely to be written down 90% from financial institutions' (FIs) books. That's a ... -
Wednesday, October 22, 2008
The Daily Deal (subscription), NY -
The next shoe to drop in troubled debt markets may be the collateralized debt obligations linked to corporate credit, which are getting rocked by the failure of Lehman Brothers Holdings Inc. and other banks around the world. Investors in the $1.2 trillion CDO market ...
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Wednesday, October 22, 2008
Bloomberg -
By Neil Unmack, Abigail Moses and Shannon D. Harrington Oct. 22 (Bloomberg) -- Investors are taking losses of up to 90 percent in the $1.2 trillion market for collateralized debt obligations tied to corporate credit as the failures of Lehman Brothers Holdings Inc. and ... -
Oct 20, 2008
BusinessWeek -
US stocks topped off an uncommonly uptrending session on Monday with a last-hour surge, as optimism over Federal Reserve Chairman Ben Bernanke's endorsement ... -
Oct 21, 2008
Los Angeles Times, CA -
Signs that credit markets are loosening up and comments from Federal Reserve Chairman Ben S. Bernanke helped Wall Street to a gain of more than 400 points. Investors were also cheered by hints from Federal Reserve Chairman Ben S. Bernanke that more help ... -
Wednesday, October 22, 2008
CIO, MA -
It's the banks and predatory lenders who are churning out marketing blast after marketing blast in hopes of luring people with high debt, poor credit or bad judgment. In other words, IT may be providing some ammunition, but the banks are the ones ... -
Wednesday, October 22, 2008
The Associated Press -
NEW YORK (AP) — Wall Street tumbled again Wednesday as investors shifted their focus from improving credit markets to worrisome corporate profit forecasts that are raising fears of a deep economic slowdown. The major indexes fell more than 3 percent, including the ... -
Oct 20, 2008
USA Today -
By David Zalubowski, AP By Sharon Silke Carty and Chris Woodyard, USA TODAY DETROIT — They may be folks you love to hate, but it's hard not to have sympathy for car dealers these days. These business owners are manning the bucket brigades in an auto industry meltdown. ... -
Wednesday, October 22, 2008
Trading Markets (press release), CA -
WOBURN, Mass., Oct 22, 2008 (BUSINESS WIRE) -- MFI | Quote | Chart | News | PowerRating -- MicroFinancial Incorporated (NASDAQ: MFI), a financial intermediary specializing in vendor-based leasing and finance programs for ... -
Wednesday, October 22, 2008
Seeking Alpha, NY -
Good day ladies and gentlemen and welcome to the Investor conference call. (Operator Instructions I would now like to turn the presentation over to your host for today’s’ conference Mr. Bob Joyce from SD. Bob Joyce ... -
Wednesday, October 22, 2008
Centre Daily Times, PA -
Lam Research Corporation today announced earnings for the quarter ended September 28, 2008. Revenue for the period was $440.4 million, gross margin was ... -
Wednesday, October 22, 2008
PR Newswire (press release), NY -
NEW YORK, Oct. 22 /PRNewswire-FirstCall/ -- Cohen & Steers, Inc. (NYSE: CNS) reported a net loss of $1.6 million, or $0.04 per share (diluted and basic), ...
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