StartUpToFinish

Reuters – Freddie Mac on Monday said Chief Executive Officer David Moffett is quitting just six months after being named to the post as the government forced the No. 2 U.S. mortgage finance company into conservatorship.Read More… [Source: Yahoo! News: Business]

[Read more →]

Reuters – HSBC launched Britain’s biggest rights issue, raising 12.85 billion pounds ($18.1 billion) on Monday to help it overcome big losses in the United States and exploit the woes of weaker rivals.
Read More… [Source: Yahoo! News: Business]

[Read more →]

Reuters – American International Group Inc posted a record $61.7 billion quarterly loss on Monday and got a new but not necessarily final government bailout, after officials concluded again that letting the insurer fail would threaten the world financial system.
Read More… [Source: Yahoo! News: Business]

[Read more →]

Reuters – Stock index futures slid further on Monday after beleaguered insurer American International Group posted a $61.7 billion quarterly loss, signaling no let-up in the fallout from the worsening financial crisis.
Read More… [Source: Yahoo! News: Business]

[Read more →]

Reuters – Shares of Sony Corp outperformed those of its rivals in a sliding market on Monday, as CEO Howard Stringer’s move to directly oversee the electronics arm at the center of the firm’s problems raised investor hopes for speedier restructuring.
Read More… [Source: Yahoo! News: Business]

[Read more →]

Everywhere you look: gloom. But maybe not.
Gloom, of course, isn’t hard to spot. The other day I looked outside my office window, which fortunately, the way things are going some days,is hermetically sealed and made out of extremely strong plate glass. Outside on the sidewalk, on the other side of the avenue,was a long, long [...]

[Read more →]

Reuters – Wall Street is unlikely to get a reprieve this week as relentless worries about U.S. banks and the economy could embolden bears to drive the market below the 12-year lows hit on Friday.
Read More… [Source: Yahoo! News: Business]

[Read more →]

AFP – HSBC on Monday will announce plans to scale back its US consumer finance operations as it launches a 17 billion US dollar rights issues to boost its capital base, the Financial Times reported.
Read More… [Source: Yahoo! News: Business]

[Read more →]

AP – Activist hedge fund manager William Ackman is in talks with Target Corp. about naming potential directors to the discount retailer’s board, according to a Securities and Exchange Commission filing on Thursday.Read More… [Source: Yahoo! News: Business]

[Read more →]

AP – The formula for a financially successful retirement used to be straightforward: Work for decades for one employer and then live happily ever after on the pension, Social Security and whatever personal savings you were able to amass.Read More… [Source: Yahoo! News: Business]

[Read more →]