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Archive April/2008


First Marblehead Sinks as Big Client Goes Bankrupt

NEW YORK (Reuters) - Shares of First Marblehead Corp, one of the largest securitizers of student loans, sank to a record low on Tuesday after a company that guarantees bonds

April 8th, 2008 | Categories: Investment

High U.S. Summer Gasoline Prices to Cut Fuel Use: EIA

WASHINGTON (Reuters) - U.S. summer gasoline demand will shrink for the first time since 1991 this year as skyrocketing pump prices and the wider economic malaise hit holiday plans, the

April 8th, 2008 | Categories: Investment

Car Makers Try to Copy Green Halo of Prius

DETROIT (Reuters) - When Tom Weatherbee swapped his minivan for a Toyota Prius hybrid two years ago, he was mostly hoping to save money at the gas pump.

April 8th, 2008 | Categories: Investment

"Bottom Fishing" of Global Financial Stocks Risky: Merrill Lynch

(Reuters) - Investors should resist the temptation to time the bottom in global financial stocks based on their perceived undervaluation, said Merrill Lynch chief investment strategist Richard Bernstein, who views

April 8th, 2008 | Categories: Investment

Dell CEO Sees Improved Profits, Healthy Growth in ‘08

TEL AVIV (Reuters) - Dell Inc <DELL.O> expects to expand its profitability this year as the company shifts its resources to faster-growing emerging market regions, Chief Executive Michael Dell said

April 8th, 2008 | Categories: Investment

Linens ‘n Things May Be Headed For Bankruptcy: Report

NEW YORK (Reuters) - Leon Black's buyout firm Apollo Management is mulling the idea of a "prepackaged" bankruptcy plan for ailing home furnishings retailer Linens 'n Things, the New York

April 8th, 2008 | Categories: Investment

Merrill CEO Says Does Not Plan to Raise More Capital

TOKYO (Reuters) - Investment bank Merrill Lynch & Co Inc <MER.N> does not plan to raise more capital and will continue to shrink its balance sheet amid the global credit

April 8th, 2008 | Categories: Investment

TomTom Cuts Outlook After Weak Q1

AMSTERDAM (Reuters) - Shares in TomTom fell to a 32-month low on Tuesday as the Dutch personal navigation device (PND) maker reduced its 2008 revenue outlook due to price cuts

April 8th, 2008 | Categories: Investment

Greenspan Says Unfairly Blamed, Has No Regrets: Report

SINGAPORE (Reuters) - Former Federal Reserve Chairman Alan Greenspan has lashed out again at his critics, saying he was being blamed unfairly for the credit crisis and that he had

April 8th, 2008 | Categories: Investment

Lawmaker Eyes BlackRock Role in Fed’s Bear Deal

WASHINGTON (Reuters) - The chairman of a U.S. congressional committee on Monday asked the Federal Reserve for details about its hiring of BlackRock Financial Management <BLK.N> to run the $30

April 8th, 2008 | Categories: Investment

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