Archive for July, 2008
Posted by Jeflin on July 30, 2008
Merrill Lynch has taken drastic steps to rescue its ailing balance sheet – most notably, a fire sale of $30 billion of risky debts to Lonestar.
Merrill also revealed another $6 billion of mortgage write-downs this quarter, right after last week’s report of a $5 billion loss. That is already $40-billion of write-downs, and we are still counting.
Read the full article here.
Posted in Banking, Business, Economy, Stocks | Tagged: CDOs, debts, fire sale, investments, John Thain, Lonestar, Merrill Lynch, Temasek Holdings, write-offs | Leave a Comment »
Posted by Jeflin on July 28, 2008
Last week, energy trader SemGroup LP (the 12th-largest private U.S. company) filed for bankruptcy after sustaining $3.2 billion in losses on energy futures and derivatives trades.
In another case, the Commodity Futures Trading Commission (CFTC) filed civil charges against Optiver.
Read more of the article here.
Posted in Economy, Hedge Funds, Oil, Stock Volume | Tagged: Business, Commodity Futures Trading Commission, Hedge Funds, hedgers, Oil, Optiver, Republicans, Semgroup, Senate, speculation, trading | Leave a Comment »
Posted by Jeflin on July 27, 2008
Our economy is showing some signs of softening. Growth was at its weakest in five years for the second quarter ending in June (1.9% as compared to 6.9% expansion in the first quarter), an indication that Singapore is not immune to high inflation and the global economic slowdown.
Read the full article here.
Posted in Business, Economy, Inflation, Properties, Stocks | Tagged: Economy, en-bloc estates, growth, investors, jobs, manufacturing, Properties, Singapore, Stocks | Leave a Comment »
Posted by Jeflin on July 25, 2008
Have you read about this news where a 53-year-old lady shot herself dead soon after faxing a letter to her mortgage company?
It is very sad for the family to experience such a tragedy but what is the underlying message to the US government?
Read the full article at http://jeflin.net
Posted in Banking, Economy, Properties | Tagged: bailouts, defaults, Economy, Fannie Mae, foreclosures, Freddie Mac, housing, mortgage industry, mortgages, suicide | 2 Comments »
Posted by Jeflin on July 23, 2008
Wall Street continue to finish higher on Wednesday. Dow Jones ended up 0.3%, Nasdaq composite gained 
almost 1%, and the S&P 500 was 0.4% higher.
Falling oil prices and the likely approval of a House bill which will stabilize the collapsing residential properties sector cheered the market.
Read the full article at http://jeflin.net
Posted in Stock Indices, Stocks | Tagged: Amazon, bear, bear rally, blue-chips, Dow Jones, Fannie Mae, Freddie Mac, Nasdaq, Northwest Airlines, Oil, ST Index, Stock Volume, Stocks, Washington Mutual, Yahoo | 1 Comment »
Posted by Jeflin on July 22, 2008
This is the car – 2010 Chevrolet Camaro, which General Motors is unveiling as part of its revamp to capture
an increasing segment of car buyers who favor fuel-efficient models. No more gas guzzling SUVs and trucks.
Read the full article at http://jeflin.net
Posted in Business, Currency, Economy, Entrecard, Oil, Stocks | Tagged: assets, auto sales, cash, Chevrolet Camaro, fuel, fuel-efficient cars, gas, General Motors, GM, Oil | 1 Comment »
Posted by Jeflin on July 21, 2008
In a nutshell, current ratio is just current assets divided by current liabilities. This ratio helps to determine a company’s working capital, and as a rule of thumb, investors like to see a 2 to 1 ratio or higher.
Read the full article at http://jeflin.net
Posted in Stocks | Tagged: account receivables, acid test, cash, current assets, current ratio, inventory, liabilities, products, quick assets ratio | 1 Comment »
Posted by Jeflin on July 20, 2008
Something to take our minds off the economy’s downward spiral – consumers are not forgoing their favorite movies and the entertainment industry is alive and kicking. In fact, box-office records are falling like nine-pins.
The new Batman movie “The Dark Knight,” smashed the weekend record…
Read the full article at http://jeflin.net
Posted in Economy, Entertainment | Tagged: America, Batman, Batman Begins, box-office record, Canada, Christian Bale, Christopher Nolan, Economy, Heath Ledger, Joker, Mamma Mia, Spider Man 3, The Dark Knight | 2 Comments »
My first contest – 1000 Entrecard credits Giveaway has ended. It is a really simple contest, just subscribe to my RSS feed and then I choose the winner randomly.
