Newspaper wrap-up: Fannie Mae may take $14B earnings hit
Posted Dec 10th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Apple Inc (AAPL), Walt Disney (DIS), iPhone, Rio Tinto plc ADS (RTP), Blackstone Group L.P (BX)
.gif)
MAJOR PAPERS:
- In what may be a sign of interest from large media companies looking to delve into the "content delivery space," the Wall Street Journal reported that EdgeCast Networks is set to announce it has raised up to $6M from Steamboat Ventures, The Walt Disney Company's (NYSE: DIS) venture-capital arm.
- Barron's "The Trader" section says they'd stay away from Federal National Mortgage Association (NYSE: FNM), even though the Bush administration's subprime-mortgage freeze program caused the stock to rebound some. Barron's speculates that Fannie should take an earnings hit in the range of $6.4B to $14B.
OTHER PAPERS:
Tags: AAPL, Apple, Blackstone Group, BlackstoneGroup, BX, Deutsche Telekom, DeutscheTelekom, DIS, DT, EdgeCast Networks, EdgecastNetworks, Fannie Mae, FannieMae, FNM, iphone, Rio Tinto, RioTinto, RTP, Steamboat Ventures, SteamboatVentures, T-Mobile, venture capital, VentureCapital, Walt Disney, WaltDisney
U.S. Justice Department turns an eye on the telecoms
Serious Money: Three stocks that beat the market
Closing Bell: The wishy-washy return to Q3 (AA, DDUP, EMC, DNDN, CVX, FSLR, GS)
