Newspaper wrap-up: WaMu under SEC investigation
Posted Dec 21st 2007 8:50AM by Eric Buscemi
Filed under: Newspapers, Magazines, Merrill Lynch (MER), Washington Mutual (WM), Eastman Kodak (EK)
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MAJOR PAPERS:
- Merrill Lynch & Co Inc (NYSE: MER), under intense pressure from billions of dollars of mortgage write-downs may get about a $5B capital investment from Temasek Holdings, a Singapore state-owned investment firm, the Wall Street Journal reported.
- The WSJ also reported that the SEC is investigating how Washington Mutual Incorporated (NYSE: WM) handled and reported on mortgage loans which may have been based on inflated home appraisals.
WEB SITES:
- BusinessWeek's "Inside Wall Street," Eastman Kodak Company (NYSE: EK) is looking to transform from a pariah on the Street into success. The number one photography company has been restructuring since 2003, and analysts expect to see strong profitability and cash flow in 2008.
- Aldabra 2 Acquisition Corp (AMEX: AII) may be another success story, BusinessWeek's "Inside Wall Street" noted, particularly if it gets a boost in output and "possible listing on the Big Board."
- Analysts are bullish on Inspire Pharmaceuticals Inc (NASDAQ: ISPH), BusinessWeek's "Inside Wall Street" reported, which has conjunctivitis drug AzaSite on the market and several drugs in its pipeline. AzaSite sales are expected to come in around $45M next year, but the company could grow further with its cystic fibrosis drug Denufosol, now in phase III trials.
Tags: AII, Aldabra, Aldabra 2 Acquisition, Aldabra2Acquisition, Eastman Kodak, EastmanKodak, EK, Inspire, Inspire Pharmaceuticals, InspirePharmaceuticals, ISPH, MER, Merrill Lynch, MerrillLynch, Temasek Holdings, TemasekHoldings, Washington Mutual, WashingtonMutual, WM
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Reader Comments (Page 1 of 1)
12-22-2007 @ 12:56AM
john said...
SEC is after Wamu. What a joke. There are a lot worse mortgage companies. I have been in a mortgage business for years. I consider Wamu the best of all.