April 2009
Southwest Airlines reported a first quarter 2009 net loss of $91 million;announced voluntary early-out program
Southwest Airlines (NYSE: LUV) today reported a first quarter 2009 net loss of $91 million, or $.12 loss per diluted share, compared to net income of $34 million, or $.05 per diluted share, for first quarter 2008. First quarter 2009 results included sp...
March 2009
How Goldman Sachs will repay AID TARP money?
I hope Goldman Sachs do pay the money back, however they will still have to follow the new Regulations, Oversight, and Accountability Standards. Goldman Sachs was the largest beneficiary from this entire taxpayers bailout disaster. What happened to end...
November 2008
Great move; Goldman Sachs CEO and six other top execs says no to Christmas bonuses for 2008.
Goldman Sachs CEO Lloyd Blankfein and six other top execs including Jon Winkelried, Gary Cohn, David Viniar and three vice chairmen — J. Michael Evans, Michael Sherwood and John Weinberg of the troubled firm have decided to forgo their Christmas ...
Walter C. Rakowich to replace Jeffrey H. Schwartz at ProLogis
ProLogis (NYSE: PLD), the world’s largest owner, manager and developer of distribution facilities, announced that Jeffrey H. Schwartz has resigned as the company’s chairman and chief executive officer. In conjunction with Schwartz’s r...
October 2008
What Chesapeake Energy CEO Aubrey K. McClendon new plan?
Several companies are caught in the credit crunch and putting production plans on hold. Deep water projects are being delayed. The oil sands need $80 oil for their profitability. Alternative energy needs high oil prices to be competitive and drive dema...
The news maker FDIC and Chairman Sheila C. Bair: significant latitude
FDIC Chairman Sheila C. Bair said, “The enactment of this legislation should ease fears among the public and financial institutions that have created uncertainty and disruption in the credit markets. As mandated by the statute, the FDIC will consult ...
C. Robert Henrikson of Metlife plans to sell 75 million shares
New York-based insurance company Metlife Inc. revealed it plans to sell 75 million shares of its common stock in a public offering. The insurer said The company intends to use proceeds from the offering to boost its capital position and will be used fo...
US FDIC Chairwoman Sheila C. Bair's solution to AMERICA'S MONEY CRISIS
Knew this would happen. The FDIC may require more reserves from banks, but if the Fed decreases rates then it will be easier for banks to borrow to meet the requirement. Just forces rich people to spread amounts over many banks so in long run banks ha...
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