finance

Stories 61 - 80 | << Prev   Next >>

College Grads Learn the Fourth 'R': Recession

Job growth crawls to 5-year low as students prep their résumés

(Newser) - If college grads are looking glum this year, it's likely because they face a tighter job market once they turn their tassels. More than one million grads will look harder to find work, the Christian Science Monitor reports, and job growth has hit a 5-year low. Companies "are just...

G-7 Ministers Talk Tough on Sliding Dollar

Strong words signal desire to keep dollar from the abyss

(Newser) - The Group of Seven's finance ministers are getting more aggressive about stopping the greenback's decline, the Wall Street Journal reports. In what counts as blunt words for the group, a statement yesterday expressed concern about the plummeting dollar's "possible implications for economic and financial stability." The change in...

Bad Credit News Means Good Tidings for Analysts

Demand for financial insight buoys Breaking Views, other sites

(Newser) - The Bear Stearns crisis was bad news for many, but it was good news—or at least good business—for financial analysts at London-based Breaking Views. The credit crunch is increasing demand for the company’s financial insights, offered online and, through various partnerships, in print. Breaking Views is seizing...

Credit Suisse Warning Revives Rogue Trader Fears

'Intentional misconduct' behind billions in writedowns

(Newser) - Investment banks got a brief lift from Wall Street results this week, but surprising reports from Credit Suisse are likely to send their confidence back into the basement, the Financial Times reports. The Swiss firm issued an unexpected first-quarter profits warning yesterday—and said “intentional misconduct” from its own...

Microsoft&rsquo;s Yahoo Bid 'Ridiculous'
Microsoft’s Yahoo Bid 'Ridiculous'
OPINION
Feb 18, 2008 2:40 PM CST

Microsoft’s Yahoo Bid 'Ridiculous'

Investment manager dismisses deal, doubts Ballmer's acumen

(Newser) - Investment manager Joe Rosenberg takes a swipe at Microsoft's bid for Yahoo in this week's Barron's, disparaging both the deal and CEO Steve Ballmer's financial acumen, Reuters reports. "It's a bad reflection on Ballmer that he's willing to pay a ridiculous price for Yahoo,” says Rosenberg. “Microsoft...

Comcast to Pay Founder After Death
Comcast to
Pay Founder
After Death
Dec 29, 2007 12:17 PM CST

Comcast to Pay Founder After Death

Heirs will receive paychecks for 5 years; wife gets benefits for life

(Newser) - Death won't stop Comcast's founder from being paid: A deal signed last week ensures that his heirs will receive checks for five years after Ralph J. Roberts, 87, dies, the AP reports. They will also get unpaid funds from his annual performance-based bonus, and his wife will receive health and...

Chip Maker AMD Gets Emirate Cash
Chip Maker AMD Gets
Emirate Cash
Nov 16, 2007 4:39 PM CST

Chip Maker AMD Gets Emirate Cash

Abu Dhabi buys 8.1% stake in Intel rival for $622 million

(Newser) - The government of Abu Dhabi, through its investment arm, bought an 8.1% stake in Advanced Micro Devices for $622 million. It will receive 49 million newly-issued AMD shares, but won't get any board representation. The computer chip maker desperately needs the cash after a $396 million loss during the...

Best Memoirs About Money
Best Memoirs About Money
Oct 20, 2007 8:07 AM CDT

Best Memoirs About Money

Get the inside scoop on finance from those who live (and lived) it

(Newser) - Some earn money; some write about it. Some do both. CNN Money recommends these six memoirs about money: getting it, managing it, spending it, and not having enough of it:
  1. The Age of Turbulence by Alan Greenspan
  2. Reminiscences of a Stock Operator by Edwin Lefevre
  3. American Sucker by David Denby
...

Don't Break Your Bank Account, Too
Don't Break Your Bank Account, Too
Oct 7, 2007 2:33 PM CDT

Don't Break Your Bank Account, Too

Divorce is never easy, but you don't have to go broke in the process

(Newser) - Don't let emotional pain cloud your judgment on financial matters—you may both end up the poorer for it. Here are five divorce pitfalls to avoid, from USA Today:
  1. Clinging to the house if you can't afford the upkeep.
  2. Not making a clean break on joint accounts.

Goldman Up Whopping 76% in 3rd Quarter

Bear Stearns drops 61% on mortgage fund losses

(Newser) - Two financial giants posted dramatic earnings this morning: Goldman Sachs wowed investors with a 79% surge in third quarter net income, while Bear Stearns’ dropped 61% thanks to massive hedge-fund losses. The two were on opposite sides of the subprime collapse. Bear Stearns is among the top packagers of mortgage-based...

Tightening Credit Markets Squeeze Banks

$140B in commercial paper is coming due, and forecast is fuzzy

(Newser) - Almost $140 billion in commercial paper has matured and is up for renewal by next week, and banks need to attract buyers to pay it off. The yield on the short-term loans, which are entangled in the subprime mortgage crisis, is skyrocketing. "This could be a pivotal seven to...

SEC: Don't Blame Credit Markets for Firm's Demise

Bankrupt cash management operation comes under federal scrutiny

(Newser) - The feds don’t know what happened to the millions of dollars that disappeared from the books of a Chicago-area cash management firm, but they don’t believe upheaval in the credit markets is to blame. Days after Sentinel Management blocked investors from withdrawing their investments, the company filed for...

Freddie Mac Posts 45% Net Drop
Freddie Mac Posts 45%
Net Drop
Aug 30, 2007 9:51 AM CDT

Freddie Mac Posts 45% Net Drop

Mortgage giant sees $320 million loss on new mortgages in Q2

(Newser) - Freddie Mac posted a 45% drop in net income for the second quarter, and said the outlook wasn't rosy for the third. The home-mortgage financier was hit with a $320 million loss on new mortgages. Freddie Mac doesn't buy subprimes directly, but is still affected by the general mortgage turmoil.

20 Tips from America's Best Investors

Experts offer advice that you can really take to the bank

(Newser) - Get where you want to be with these sound tips from the top, courtesy of Money Magazine:
  1. Be humble in the face of uncertainty.
  2. Take calculated risks.
  3. Have an emergency fund.

Plastic May Pose Next Big Threat to Economy

Experts expect credit card trouble to track mortgage woes

(Newser) - The subprime mortgage crisis may spark another financial disaster: bad credit card debt. When rates hit 50-year lows, many owners borrowed against their homes to pay off high-interest credit cards. Now, with rates increasing, many may not be able to pay down both their mortgages and their credit cards, the...

One Unrivaled Market Force: Vacation

Stocks calm down as bankers, investors bail for the beach

(Newser) - The FT leads with a prediction that market volatility will decrease over the next week for a simple reason: everyone's going on vacation. Major decisions by banks, hedge funds and mortgage lenders will be on hold as the financial world bails New York, London and Frankfurt for the end of...

Consumer Comfort Crumbles
Consumer Comfort Crumbles
Aug 22, 2007 1:50 AM CDT

Consumer Comfort Crumbles

Biggest 1-week drop in history sinks levels near post-Katrina lows

(Newser) - Unrest in the financial markets and housing sector has consumers on edge, a new survey says. The Washington Post/ABC News "consumer comfort index" nosedived this week, displaying the biggest 1-week plunge in the poll's 22-year history, the newspaper reports. The current reading nearly matches the lows reached after Katrina...

Credit Crisis: Damaging or Deserved?

Economist calls risk adjustment necessary, if hazardous

(Newser) - The Economist takes the long view on the turmoil that has engulfed the financial markets, noting that investors have long wondered whether the "the securitisation of just about every form of debt into a tradable asset" would, in the end, spread risk efficiently or lead to cataclysmic failure. The...

Fed Shaves Half- Point Off Discount Rate

Surprise cut boosts futures trading and Euro markets

(Newser) - In a surprise move, the Fed cut its discount rate, which it charges on direct loans to banks, from 6.25% to 5.75% this morning. The central bank acted to calm fears about uncertainty in the global markets surrounding the worsening credit crunch and underlying subprime-loan crisis. The federal...

Dell to Rewrite Cooked Books
Dell to Rewrite Cooked Books
Aug 17, 2007 2:53 AM CDT

Dell to Rewrite Cooked Books

Audit to lower company's stated net income by up to $150M

(Newser) - The Dell computer company will have to restate four years of financial data after an audit revealed that executives inflated numbers to meet quarterly goals, firm officials announced yesterday. The adjustments would lower the company's stated net income by as much as $150 million, Reuters reports. But analysts say the...

Stories 61 - 80 | << Prev   Next >>