Jump to content

B4 The Bell Humpday October 6


Recommended Posts

  • Replies 197
  • Created
  • Last Reply
Fannie's Raines defends company's accounting (FNM) By Rex Nutting

WASHINGTON (CBS.MW) -- Top management of mortgage giant Fannie Mae (FNM) defended the company's accounting practices Wednesday before a House subcommittee. "We took care to do the right thing," Fannie CEO Franklin Raines told lawmakers, who are examining alleged accounting improprieties at the company. But Fannie's government regulator testified that the company simply chose not to follow accounting rules.

http://cbs.marketwatch.com/news/newsfinder...44}&siteid=yhoo

Link to comment
Share on other sites

Delphi warning hits auto parts suppliers By Shawn Langlois

SAN FRANCISCO (CBS.MW) -- Shares of major auto parts suppliers fell in early trading Wednesday after Delphi slashed its third-quarter earnings target on Tuesday afternoon. Delphi (DPH: news, chart, profile), the group's hardest hit, lost 4 percent to $8.93. Visteon Corp. (VC: news, chart, profile) and Dana Corp. (DCN: news, chart, profile) both shed more than 2 percent at $8.01 and $17.29, respectively.

http://www.marketwatch.com/news/newsfinder...iteid=yhoo&mp=1

Link to comment
Share on other sites

The whole world is beginning to act like a 3rd world country in crisis.

 

(The people pull their savings and buy stuff before the prices go up.)

 

Any whiff that the American comsumer is slowing down (he is), will be met by the Asians and Oil countries quickly pulling their dollars to buy PM's and commodities.

 

This would mean swift price hyperinflation, followed by collapse of derivative towers; hyperdeflation.

 

None of the theories (like Corrigan's) allow for panic.

 

Most theories depend on a straight-line actions-follow-thought process.

 

Nature does not work like that.

 

When the pressure builds to a certain point...

 

KABLOOEY!!!

Link to comment
Share on other sites

Retailer Big Lots (BLI: news, chart, profile) early Wednesday revised its third and fourth quarter guidance, saying it expects losses from continuing operations for the third fiscal quarter to be between 18 cents and 22 cents due to a shortfall in sales and SG&A expenses

http://www.marketwatch.com/news/yhoo/story...8FCDEF45C8AC%7D

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...