The airline is suffering from high fuel bills but says it is well-positioned within the aviation sector.
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Saudi Arabian investor Prince Alwaleed bin Talal bin Abdulaziz Al Saud says Thursday that he will increase his holdings in Citigroup Inc. back to 5%, adding that he supports the banking giant's management, according to a report by Zawya Dow Jones.
Is Chrysler hoping to restart merger talks with General Motors? The Financial Times, citing a person familiar with recent discussions, said talks between the two companies were “still going on at a very low level” and would be restarted “immediately” once terms of a government bailout were approved. However, if the struggling car makers are waiting for [...]
TPG is at risk of losing a substantial amount of money it coughed up to invest in a Chinese leasing venture after a business dispute in which local police were called in to remove the private equity firm’s representatives, The Financial Times reported, citing people familiar with the matter. In deal sewn up in February, the [...]
Like everyone else watching the stock market these days, veteran dealmaker Joseph Perella is looking for the bottom. A day before the Dow Jones industrial average fell below 8,000, Mr. Perella gave his take on the bear market, and it wasn’t particularly optimistic. “The question of the day remains where is the bottom,” Reuters quoted [...]
David Peltier, portfolio manager of the Value Investor Fund, says this utility company is down but not out.
The recent thaw in short-term lending markets made it look, at least temporarily, as if the worst of the credit crisis had passed. But, says Breakingviews, the rapid collapse in the market for commercial-mortgage-backed securities, or C.M.B.S., shows that the American economic downturn is now becoming a big threat, and feeding back to financial assets, [...]
A U.S. Senate subcommittee is opening a probe into causes of the global financial crisis, focusing in part on whether bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collapsed, The Wall Street Journal reported. The ranking Republican on the Senate’s Permanent Subcommittee on Investigation, Senator Norm Coleman, told The Journal that [...
Some of the world’s top banks are backing a proposal to develop a mandatory central clearing system for the $55 trillion credit default swap market, The Financial Times reported. Dealer banks are stepping up efforts to back swaps clearing to head off a more radical overhaul, which includes a proposal to move trading of over-the-counter [...]
The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, according to a note from Friedman Billings Ramsey analyst Paul Miller said, according to Reuters. Eight financial companies — Citigroup, Morgan Stanley, Goldman Sachs , Wells Fargo, JPMorgan Chase, [...]