Michael Lewis and David Einhorn, on how the government should deal with future big-bank crackups:
Read more »Lewis, Einhorn: Pretend Markets Are Rational, Then Sell Into Them
M&A Are Sun Life Financial's Best Bet - Citigroup
Sun Life Financial Inc. (SLF) lost roughly 45% of its value in 2008, taking the stock from above C$50 per share early in the year to under C$30. Citigroup analyst Colin Devine doesn’t think prospects will improve much for investors in 2009, cutting his price target on the life insurer from C$40 to C$30 and trimming his earnings estimates for 2008 through 2010.
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Consumer confidence and home prices hit grim records (Reuters)
Reuters - The U.S. economy continued its run of record-breaking dismal data Tuesday, with consumer confidence and home prices registering a pair of grim milestones.
Read more »GMAC plans to release results of debt swap soon (Reuters)
Reuters - GMAC LLC expects to soon announce the results of a debt exchange offer that is key to North America's largest auto finance company's capital levels, a spokeswoman said on Sunday.
Read more »Bankruptcy judge approves Circuit City financing (AP)
AP - Circuit City Stores Inc. on Monday received final approval for $1.1 billion in financing to keep operating while the nation's second-biggest electronics retailer is in Chapter 11 bankruptcy protection.
Read more »Fed updates $200B consumer loan program (AP)
AP - The Federal Reserve on Friday said a new program aimed at bolstering the availability of consumer loans will require companies to put up collateral to participate, but will offer longer terms on loans that are approved.
Read more »Goldman Far Outperforms Morgan Stanley in 2008 - Moody's
It hasn’t been a good week for investment banks turned bank holding companies Goldman Sachs Group (NYSE:GS) and Morgan Stanley (NYSE:MS).
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Alan Greenspan, Perennial Optimist
Alan Greenspan has a solution to the economic crisis: a rising stock market!
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Meltdown 101: Pros and cons of employee buyouts (AP)
AP - When Best Buy Co. Inc. announced Tuesday it would offer buyout packages to about 4,000 employees, the retailer joined a long parade of companies trying to trim their work forces without resorting to outright layoffs.
Read more »North Asian leaders team up to fight crisis (Reuters)
Reuters - Asian powers Japan, China and South Korea put aside decades of animosity on Saturday and agreed to work together to tackle the global financial crisis battering their economies.
Read more »Navigation
Top Stories
- 28 M&A Are Sun Life Financial's Best Bet - Citigroup
- 28 Lewis, Einhorn: Pretend Markets Are Rational, Then Sell Into Them
- 28 Constar International Inc. Receives Court Approval on First Day Motions in Its Reorganization Filing (Business Wire)
- 11 U.S. budget deficit seen topping $1 trillion in 2009 (Reuters)
- 11 Clarus Ventures Names Two New Partners (PR Newswire)

