Monthly Archives: July 2008

Merrill Lynch Not Out of the Woods Yet

Merrill Lynch has taken drastic steps to rescue its ailing balance sheet (over $40-billion of write-downs) – most notably, a fire sale of $30 billion of risky debts to Lonestar. Continue reading

Leave a Comment

Filed under Banking

Downfall from Speculative Energy Trading

Last week, energy trader SemGroup LP (the 12th-largest private U.S. company) filed for bankruptcy after sustaining $3.2 billion in losses on energy futures and derivatives trades. Continue reading

Leave a Comment

Filed under Hedge Funds, Oil

Singapore June Manufacturing Output Up 2.5%

Our economy is showing some signs of softening. Growth was at its weakest in five years, an indication that Singapore is not immune to inflation and global economic slowdown. Continue reading

Leave a Comment

Filed under Economy, Properties

Suicide From Home Foreclosure Woes

Experts are predicting an astronomical 1 trillion dollar loss from the financial sector but with a 12 trillion dollar mortgage industry, the situation could actually be far worse. Continue reading

2 Comments

Filed under Banking, Economy, Properties

Pick Up Blue-Chip Stocks Incrementally

Falling oil prices and the likely approval of a House bill to stabilize the collapsing residential properties sector cheered the market. Continue reading

1 Comment

Filed under Stocks

General Motors Unveils Fuel-Efficient 2010 Camaro

This is the car – 2010 Chevrolet Camaro, which General Motors is unveiling as part of its revamp to capture an increasing segment of car buyers who favor fuel-efficient models. No more gas guzzling SUVs and trucks. General Motors expects … Continue reading

1 Comment

Filed under Business, Currency, Economy, Oil, Stocks

Batman Smashes Spider Man Box-Office Record

Something to take our minds off the economy’s downward spiral – consumers are not forgoing their favorite movies and the entertainment industry is alive and kicking. In fact, box-office records are falling like nine-pins. The new Batman movie “The Dark … Continue reading

2 Comments

Filed under Economy, Entertainment