August 12 - August 18, 2007
Friday, Aug. 17
How bad? An engineering consultant told the Downtown News that it's "seismically sick." Others warn that an earthquake could bring... $MTEntryExcerpt$>
I know, I know – we’re supposed to be ticked off at the Fed for easing the discount rate and,... $MTEntryExcerpt$>
It’s kind of a watching-paint-dry report, with July joblessness falling to 4.8 percent from 4.9 percent in June. Statewide, the... $MTEntryExcerpt$>
Sanford C. Bernstein analyst Michael Nathanson says that those revenues are moving over to national media. In retail advertising, for... $MTEntryExcerpt$>
Now we have Banc of America analyst Robert Lacoursiere upping his rating on the troubled mortgage lender to "neutral" from... $MTEntryExcerpt$>
Wall Street reacts to Fed: The Dow skyrocketed more than 300 points on news of the Fed's decision to lower... $MTEntryExcerpt$>
Thursday, Aug. 16
Try Countrywide bonds, which Deal Journal reports are being priced at between 25 percent and 35 percent. Of course, they... $MTEntryExcerpt$>
Shaky market: There are reports that the Federal Reserve is again pumping more money into the system, so we'll see... $MTEntryExcerpt$>
The nation's largest mortgage lender drew down an $11.5 billion credit facility to boost its cash position. The move, announced... $MTEntryExcerpt$>
Wednesday, Aug. 15
In its headline, the London Telegraph puts it indelicately, but accurately: "Bankruptcy scare for Countrywide, biggest US home lender, as... $MTEntryExcerpt$>
CEO Kevin Sharer was trying to put the best face on today's news of a 12 percent to 14 percent... $MTEntryExcerpt$>
Tribune says it's all good: The company insists that the financing to go private is set, despite a stumbling stock... $MTEntryExcerpt$>
Tuesday, Aug. 14
When companies get into big trouble, there are established rules for containment. You must act quickly, act cohesively and try... $MTEntryExcerpt$>
There are two separate recalls. One is for 436,000 die-cast cars worldwide that contain levels of lead paint considered impermissible.... $MTEntryExcerpt$>
So what else is new, right? L.A. County home sales fell 23 percent in July from a year earlier, which... $MTEntryExcerpt$>
You have to at least wonder, considering that the stock is down this morning almost 4 percent - and has... $MTEntryExcerpt$>
Mattel announces recall: And it's a big one, although different stories have different figures. The WSJ says more than 9... $MTEntryExcerpt$>
Monday, Aug. 13
And the unnamed toy in question may contain excessive amounts of lead paint. Yikes. The AP couldn't get many specifics,... $MTEntryExcerpt$>
Home sales freeze?: August could be very slow - perhaps the slowest month on record - because mortgage lenders have... $MTEntryExcerpt$>
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