Archive for April, 2009
« Previous EntriesUS Long-Term Rates Now Lower Than Short-Term
Thursday, April 30th, 2009Freddie Mac yesterday released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.80 percent with an average 0.7 point for the week ending April 23, 2009, down from last week when it averaged 4.82 percent. Last year at this time, the 30-year FRM averaged 6.03 percent.
U.S. consumer spending drops in March as personal incomes also fall
Thursday, April 30th, 2009Exxon Mobil’s quarterly net drops 58%; global slowdown, lower commodity prices cited
Thursday, April 30th, 2009US-Präsident in der Sendung “60 Minutes” zu den Ursachen der Finanzkrise und möglichen Lösungsmöglichkeiten.
Thursday, April 30th, 2009Wörtlich führte Obama aus, dass die Subprime-Krise eigentlich kein amerikanisch-spezifisches Problem sei, sondern ein Problem des Geldsystems. Dieses beruhe darauf, dass durch Zinseszinseffekte immer mehr Schulden entstünden und infolge dessen immer mehr Schuldner gesucht werden mussten. Die logische Konsequenz sei deshalb, dass auch kreditunwürdigen Personen riesige Dollarbeträge ausgeliehen wurden. Wörtlich sagte Obama: “Unser Geld ist [...]
Bank of America shareholders strip CEO Ken Lewis of chairmanship
Thursday, April 30th, 2009Fed calls U.S. economic outlook modestly improved; target rates unchanged
Wednesday, April 29th, 2009Akamai kann Erwartungen übertreffen
Wednesday, April 29th, 2009Rockwell Automation cuts 2009 outlook
Wednesday, April 29th, 2009Cisco Systems neutral (Robert W. Baird & Co. Incorporated)
Wednesday, April 29th, 2009Moody’s Investors Service cuts American Express’ debt ratings
Wednesday, April 29th, 2009Moody’s said its ratings downgrades “reflect the erosion of Amex’s asset quality and weaker revenue trends stemming from the severe U.S. economic recession.”
The agency, one of the two largest credit-rating companies in the U.S., also cited American Express’ “relatively high credit exposure in the states most heavily affected by home price declines, particularly California and [...]
Moody’s cuts American Express’ debt ratings
Tuesday, April 28th, 2009Moody’s cut its senior long-term debt on American Express one level to A3 from A2. The downgrade tipped American Express closer to “junk” status, with its new long-term rating five levels below the highest investment-grade rating and four above non-investment grade.
The short-term rating was downgraded to Prime-2 from Prime-1. Moody’s also reiterated the negative outlook [...]
home-price declines
Tuesday, April 28th, 2009Home prices fell 2.2% in 20 major cities in February after a 2.8% decline in January, according to the Case-Shiller home price index released Tuesday by Standard & Poor’s. Prices in 20 cities are down 18.6% in the past year, compared with a 19% drop in the 12 months ending in January.
Viterra bids $1.1 billion for ABB Grain
Tuesday, April 28th, 2009Kobe Steel posts annual loss but sales climb 2.2%
Tuesday, April 28th, 2009Cisco Systems hold (Standard & Poors)
Tuesday, April 28th, 2009Fed says Citi, Bank of America need more capital
Tuesday, April 28th, 2009Regulators have told Bank of America Corp. and Citigroup, that the banks may need to raise more capital based on early results of the government’s so-called stress tests of lenders. source WSJ
GM offers to swap stock for debt at deep discount; May 26 deadline set
Tuesday, April 28th, 2009Die Ratingagentur Moody’s will in den nächsten Wochen die Ratings Tausender Wertpapiere drastisch herabstufen.
Tuesday, April 28th, 2009Wie aus diversen Ankündigungen von Moody?s hervorgeht, sind weltweit Wertpapiere von mehr als 270 Mrd. Dollar betroffen. Das würde die Banken dazu zwingen, ihre Bestände mit erheblich mehr Eigenkapital zu unterlegen. Außerdem könnten die Banken zu weiteren Abschreibungen gezwungen werden. Der Vorstand einer großen Bank sagte am Wochenende, wenn das durchkomme, sei dies eine “komplette [...]
General Electric posts 35% drop in quarterly profit
Monday, April 27th, 2009J.P. Morgan Chase profit edges 10% lower to $2.1 billion
Monday, April 27th, 2009Texas Instruments hold (BB&T Capital Markets)
Monday, April 27th, 2009Cisco Systems outperform (Morgan Keegan & Co., Inc.)
Monday, April 27th, 2009Natural Resources: Rio Tinto says global iron-ore output dips 15% in Q1
Monday, April 27th, 2009Industrial Products & Services: Bank of England holds rates at record-low levels
Monday, April 27th, 2009Johnson & Johnson profit slips 2.5% in first quarter as sales fall 7%
Monday, April 27th, 2009Industrial Products & Services: SPX cuts forecasts after global recession hurts sales
Monday, April 27th, 2009Moody’s Cuts American Express Ratings
Monday, April 27th, 2009Moody’s said that while it had previously not included “any level of systemic support” to American Express and its subsidiaries in the event of a severe downturn, “we now incorporate the view that the probability of systemic support for U.S. banks, like Amex, with more than $100 billion in assets, has increased.”