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Articles Written by: SA EDITOR ROY MEHTA
Struggling Lehman Set to Bolster Balance Sheet. Lehman Brothers (LEH), which is down about 48% year to date, will raise more than $6 billion from common and preferred stock offerings. The firm also announced it lost $2.88 billion last quarter, far ...
From SA EDITOR ROY MEHTA,
Seeking Alpha,
9 Jun 2008
Markets Gain as Oil Takes a Dive. Major indices enjoyed a strong session Tuesday, helped by a $3 plunge in crude. Hurt by a rise in the U.S. dollar and worries in demand, oil settled at $128.85/barrel, falling $3.34. The Conference Board's consumer ...
From SA EDITOR ROY MEHTA,
ETF Investor,
27 May 2008
Citi to Unload $12 Billion of Loans and Bonds. Citigroup (C, -0.8%) is close to selling $12 billion worth of troubled debt to private equity firms, according to the Wall Street Journal. The average price for the debt will be around $0.90 on the dollar, ...
From SA EDITOR ROY MEHTA,
ETF Investor,
9 Apr 2008
Market Fails to Rally On Wamu Cash Injection. Markets jumped after the Wall Street Journal ran a story spurring the rumor that Washington Mutual (WM, +28.9%) is close to getting a $5 billion investment from a group of investors led by the private ...
From SA EDITOR ROY MEHTA,
ETF Investor,
7 Apr 2008
Markets Hold Steady Despite Weak Jobs Report. Before the close Friday, the Labor Department reported the worst monthly job losses in five years. Nonfarm payrolls fell by 80,000, plunging through expectations of a 50,000 job decline. Futures plunged ...
From SA EDITOR ROY MEHTA,
ETF Investor,
4 Apr 2008
Mixed Economic Data Leads to Another Flat Day. Before the session began, stocks were under pressure after the Labor Department reported initial jobless claims jumped to 407,000, the highest level since September 2005. The data worried investors, but ...
From SA EDITOR ROY MEHTA,
ETF Investor,
3 Apr 2008
Markets Finish Q1 With A Positive Day. Better than expected economic data and a drop in crude helped stocks finish with a much needed up day. The Chicago Purchasing Index beat estimates, coming at 48.0. The number still represented a contraction in the ...
From SA EDITOR ROY MEHTA,
ETF Investor,
31 Mar 2008
Don't Panic. When the opening bell rang, many expected today to be a bloodbath. Bear Stearns's (BSC, -84.0%) liquidity crisis and sale to JP Morgan (JPM, +10.3%) for about $240 million shocked most investors and left many wondering what bank was next. ...
From SA EDITOR ROY MEHTA,
ETF Investor,
17 Mar 2008
JP Morgan (JPM) has agreed to purchase Bear Stearns (BSC) for $2/share, according to a source at the Wall Street Journal. Both boards have approved the transaction, and everyone involved is working hard to finalize the agreement as soon as possible. ...
From SA EDITOR ROY MEHTA,
ETF Investor,
16 Mar 2008
The move signals Yahoo management may be preparing for a long battle for control of the company. They are also considering strategic alternatives such as advertising partnerships with Google (GOOG, +2.3%). In addition, Yahoo has some "poison pill" ...
From SA EDITOR ROY MEHTA,
ETF Investor,
9 Feb 2008