BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Newspaper wrap-up: Value of E*Trade's mortgage business up for debate]]>http://www.bloggingstocks.com/2007/11/26/newspaper-wrap-up-value-of-e-trades-mortgage-business-up-for-d/http://www.bloggingstocks.com/2007/11/26/newspaper-wrap-up-value-of-e-trades-mortgage-business-up-for-d/http://www.bloggingstocks.com/2007/11/26/newspaper-wrap-up-value-of-e-trades-mortgage-business-up-for-d/#commentsFiled under: , ,

MAJOR PAPERS:
  • The Achilles heel of discount broker E*Trade Financial Corporation (NASDAQ: ETFC) may be its lesser known mortgage business, whose value is now at the center of debate regarded its sale price, reported the Wall Street Journal.
  • According to a report prepared for European medicines authority, the Financial Times reported that Roche Holding Ltd (OTC: RHHBY) is responsible for impurities that caused an international recall of its HIV drug.
  • The FT also reported that the United Kingdom's Virgin Group was confirmed as the preferred bidder for British bank Northern Rock, as the bank said it wanted to hold discussions with Virgin "on an accelerated basis."
OTHER PAPERS:
  • Sources close to the matter said that Ford Motor Company (NYSE: F) may put the brakes on overseas plans in many markets including India, South Africa and China on hold until it completes the sale of its Jaguar and Land Rover units, according to the Economic Times.
  • China is expected to unveil more than 20 regulations on foreign mergers and acquisitions, or M&A, according to a senior Chinese legislator, Xinhua reported.

Newspaper wrap-up: Value of E*Trade's mortgage business up for debate originally appeared on BloggingStocks on Mon, 26 Nov 2007 08:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ChinaE*TradeE*Trade FinancialE*tradeFinancialETFCFFordJaguarLand RoverLandRoverNorthern RockNorthernRockRHHBYRocheVirgin GroupVirginGroupMon, 26 Nov 2007 08:00:00 EST<![CDATA[Will E*Trade go bankrupt?]]>http://www.bloggingstocks.com/2007/11/12/will-e-trade-go-bankrupt/http://www.bloggingstocks.com/2007/11/12/will-e-trade-go-bankrupt/http://www.bloggingstocks.com/2007/11/12/will-e-trade-go-bankrupt/#commentsFiled under: , , , , , ,

E*Trade Financial (NASDAQ: ETFC) logo E*Trade Financial Corp. (NASDAQ: ETFC) imploded today after the company warned of worse-than-expected earnings and a Citigroup (NYSE: C) analyst said that the company might have to file for bankruptcy protection.

Shares of the company, which has cut earnings forecasts four times this year, plunged to levels not seen since 2003. E*Trade, which lost $58.5 million, or 14 cents a share, in the period ending September 30, expects 2007 profit of between 75 cents and 90 cents, a range big enough to drive a tractor-trailer through. Shares of the New York-based company have plunged 53%.

In a note to clients, analyst Prashant Bhatia said that poor management has "put the viability of the franchise at risk" and that "bankruptcy risk cannot be ruled out," according to Bloomberg News. He cut his rating on the stock to "sell" from "neutral."

Continue reading Will E*Trade go bankrupt?

Will E*Trade go bankrupt? originally appeared on BloggingStocks on Mon, 12 Nov 2007 11:29:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cfce*trade financialE*tradeFinancialeftcetradefeaturedhousinghousing marketHousingMarketmortgage industrymortgage marketMortgageIndustryMortgageMarketsubprime mortgagesSubprimeMortgagesMon, 12 Nov 2007 11:29:00 EST