More Earning Season Results
YRC Worldwide (YRCW): Q1 EPS -$0.81 not comparable to consensus of -$0.25. Revenue of $2.23B in line. Sees Q2 EPS of $0.30-0.40, better than consensus of $0.33. Vale (RIO): Q1 EPS of $0.41 misses consensus of $0.52. Revenue of $8.05B vs. consensus of $8.74B. Shares fell 5% Microsoft (MSFT): FQ3 EPS of $0.47 beats consensus [...]
Credit Crisis Could Affect Markets for Decade
CNBC has a story about how credit crisis affect markets for decade : Credit Crisis Could Affect Markets for Decade The credit crisis will affect financial markets for at least a decade and lead to greater regulatory powers for central banks, analysts at JP Morgan said. “Market participants and regulators will focus intensely on controlling [...]
Credit Crunch Hurts Hedge-Fund Stars
WSJ: Credit Crunch Hurts Hedge-Fund Stars David Tepper, founder of hedge-fund firm Appaloosa Management LP, saw a negative 17% return last quarter in two funds with more than $6 billion in assets combined as bets on distressed debt went awry, according to fund documents. His Appaloosa Investment and Palomino funds gave up most of that [...]