What do WAMU and Wachovia Have in Common? - 04/15/08 12:41 AM
They both need/needed at least $7 billion in additional capital to stay afloat. Wachovia, the fourth-largest U.S. bank, reported an unexpected loss because of subprime- infected mortgage holdings, cut its dividend, and said it will raise about $7 billion in a share sale to replenish capital. The company's market value has (0 comments)
Consumer Confidence Rising? What. - 04/11/08 09:21 PM
The University of Michigan’s Index of Consumer Sentiment will be posted later today, giving us an indication of consumer confidence which hints at consumers' willingness to spend. As one would expect, if confidence is rising an average person might be more likely to make large purchases, but if they are growing (0 comments)