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
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
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
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
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
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
A Better Understanding Of Current Ratio
In a nutshell, current ratio is just current assets divided by current liabilities. This ratio helps to determine a company’s working capital. Continue reading
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
Filed under Economy, Entertainment
