October 19 - October 25, 2008
Friday, Oct. 24
Yes, it's come down to this: The nation's largest public pension fund needs cash. $MTEntryExcerpt$>
The company is contributing $100,000 to defeat the ballot measure that would define marriage as only between a man and a woman. $MTEntryExcerpt$>
"We let it get out of control," says the head of the organization that puts on the annual conference in Switzerland.
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Well, it could have been worse. But there's always Monday.... $MTEntryExcerpt$>
Here is another unexpected consequence of having a knotted up financial network that's in the process of unraveling. $MTEntryExcerpt$>
There's talk in Hollywood circles - to what extent is unclear - that the VP candidate would be a strong candidate to host a talk show. $MTEntryExcerpt$>
Gas under $3, big layoffs at Chrysler, home sales jump in SFV, and developers opposing Santa Monica cap. $MTEntryExcerpt$>
The real question is whether anyone starts buying after the early bloodshed. $MTEntryExcerpt$>
Thursday, Oct. 23
The Bev Hills billionaire has not only lost several hundred million dollars in Ford, but a big chunk in MGM Mirage.
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The Investor's Business Daily tracking poll has McCain within one point of Obama. But look closer at the numbers. $MTEntryExcerpt$>
The former Fed chairman was “shocked, shocked” to find that gambling was taking place in the financial markets. $MTEntryExcerpt$>
Declining revenue, deeper-than-expected cuts - the numbers look so bad that the company is in danger of defaulting on its debt. $MTEntryExcerpt$>
The explanation seems to be a new law that requires lenders to contact borrowers at least 30 days prior to a notice of default. $MTEntryExcerpt$>
Foreclosures are trimmed, lottery sales down, Redstone says he's not selling CBS or Viacom, and actors talks to resume. $MTEntryExcerpt$>
Well, so far. The Dow is actually up a bit after 30 minutes of trading - despite all kinds of... $MTEntryExcerpt$>
Wednesday, Oct. 22
Like most any investor, the nation's largest public pension fund has taken it on the chin. The question is how much? $MTEntryExcerpt$>
Dow down more than 600 points. *Make that 514 points. From the NYT: Improvements in the credit markets — including... $MTEntryExcerpt$>
Super-bear and man-about-town Nouriel Roubini is back on the air, scaring the bejesus out of everybody. $MTEntryExcerpt$>
Much of Wachovia's $24 billion third quarter loss is tied to pay-option mortgages that were inherited through the purchase of Golden West.
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Redstone files for divorce, Boeing loses satellite case, FDIC to lease space in OC, and California maintains its A-plus rating. $MTEntryExcerpt$>
Fears about the credit crunch have morphed into fears about weak earnings and a prolonged recession. $MTEntryExcerpt$>
Tuesday, Oct. 21
The Republican National Committee has spent more than $150,000 to clothe and accessorize Sarah Palin. $MTEntryExcerpt$>
While Socal saw a 65 percent jump in home sales last month, sales of non-foreclosed homes fell from year-ago levels. $MTEntryExcerpt$>
Try this out after cracking open your latest brokerage statement. Trust me - you'll feel better. $MTEntryExcerpt$>
The upward slog will not be easy, especially given the not-so-hot earnings that are being reported. $MTEntryExcerpt$>
Yeah, the Dow is still down more than 5,000 points from its high, but at least traders are back to discussing earnings results.
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The Bev Hills billionaire is still a billionaire, but he's also taken huge hits at MGM Mirage and Delta Petroleum.
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Both he and McCain have taken advantage of several loopholes in the campaign finance laws to score big money. $MTEntryExcerpt$>
Wall Street shows stability (for now), Kerkorian pulls out of Ford, Icahn buys into Lions Gate, and pump prices keep dropping. $MTEntryExcerpt$>
Monday, Oct. 20
There's clearly improvement, which helps explain why the Dow is up more the 300 points. $MTEntryExcerpt$>
There had been speculation about what the former CEO of KB Home might do after his legal troubles were resolved. $MTEntryExcerpt$>
September's housing numbers continue the pattern we've seen in L.A. County for some months now. $MTEntryExcerpt$>
Credit markets are thawing, SAG wants federal mediator, NBC Universal to make cuts, and Disney Hall turns five. $MTEntryExcerpt$>
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