Philip Chua Business Blog

Posts Tagged ‘company’

Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.









Fannie Mae – Freddie Mac – Business – Thailand – Provinces

(SINGAPORE) Distressed selling may be a thing of the past, but prospects in the secondary private equity (PE) market are definitely looking up, says Paul Capital, a global alternative investment manager with US$6.6 billion in assets under management.

‘Whether it is fundraising activity, investor interests or exits, we see encouraging signs on all three fronts,’ the company’s regional head, Lucie… more

The deal would be the second-largest upfront cash recovery from a company accused of backdating stock options, a plaintiff’s lawyer said.

Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.

The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.

Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more

A KIDNAP scam was thwarted by alert staff from a bank and a remittance company who promptly called the police on Monday afternoon.

Police said that the victim, a 55-year-old housewife, received a call at about 2.30pm while she was at home, from a male caller who spoke to her in Mandarin.

In the background, the victim said she heard what sounded like her 27-year-old son screaming for help befor… more

Deere and Co. lost $223 million in the fourth quarter, reflecting big charges and a 28 percent slump in sales as demand for tractors, combines and construction equipment sagged.

Deere & Company – Tractor – Business – Engineering vehicle – Agriculture and Forestry

J.M. Smucker Co.’s acquisition of Folgers Coffee Co. continues to pay off for the jam maker, helping to more than double its fiscal second-quarter profit, as consumers continue to turn to the company’s well-known brands and eat at home more during the recession.

J.M. Smucker Co – Folgers – Beverages – Business – Food

Dell Inc. said Thursday that its net income dropped 54 percent in the latest quarter and amid signs the company isn’t fully benefiting from the computer industry’s fledgling recovery.







Dell – Personal computer – Hewlett-Packard – Services – United States

ONE big question that emerges from the whole sorry Sino-Environment saga is why trading of its shares continued for six months after it became likely that the company would be brought down by the problems that beset it.
Waste recycler Sino-Environment hit the headlines in March when its founder and chairman, Mr Sun Jiangrong, abruptly admitted he had put the company in jeopardy as a result of exce… more

With a close over 10,220 on Nov. 9, the Dow Jones had its best showing of 2009.







Stock market – Dow Jones & Company – Business – Investing – Stocks and Bonds