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[Morgan Stanley latest to buy back Auction Rate Securities]]>http://www.bloggingstocks.com/2008/08/12/morgan-stanley-latest-to-buy-back-auction-rate-securities/http://www.bloggingstocks.com/2008/08/12/morgan-stanley-latest-to-buy-back-auction-rate-securities/http://www.bloggingstocks.com/2008/08/12/morgan-stanley-latest-to-buy-back-auction-rate-securities/#commentsFiled under: , , , , , , ,

CNNMoney reports that Morgan Stanley (NYSE: MS) is the latest bank to buy back its worthless Auction Rate Securities (ARS) from individual investors. With that buyback, Morgan Stanley follows in the wake of Citigroup, Inc. (NYSE: C), Merrill Lynch & Co., Inc. (NYSE: MER) and UBS AG (NYSE: UBS).

CNNMoney notes that Morgan Stanley said it would offer to repurchase all ARS "held by individuals, charities and small and medium-sized business with accounts of $10 million or less at the bank." Morgan Stanley will begin to start buying back $4.5 billion worth of ARS on September 30th and will "make its best effort to provide liquidity solutions" for institutional investors by the end of 2009. But New York attorney general Andrew Cuomo is not satisfied with Morgan Stanley's proposal.

Meanwhile, the list of big ARS issuers that have not settled grows shorter. Here are six holdouts (with their 2007 municipal ARS issuance in parentheses):

Continue reading Morgan Stanley latest to buy back Auction Rate Securities

Morgan Stanley latest to buy back Auction Rate Securities originally appeared on BloggingStocks on Tue, 12 Aug 2008 10:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>auction rate securit...auction rate securitesauction rate securitiesAuctionRateSecurit...AuctionRateSecuritesAuctionRateSecuritiesbacccitigroupcitigroup inc.CitigroupInc.cuomogsinthenewsjpmlehmermerrill lynchmerrill lynch layoffsmerrill lynch mermerrill lynch turmoilMerrillLynchMerrillLynchLayoffsMerrillLynchMerMerrillLynchTurmoilmorgan stanleyMorganStanleymsubswbTue, 12 Aug 2008 10:00:00 EST<![CDATA[As market falls, things look worse]]>http://www.bloggingstocks.com/2008/01/02/as-market-fall-things-look-worse/http://www.bloggingstocks.com/2008/01/02/as-market-fall-things-look-worse/http://www.bloggingstocks.com/2008/01/02/as-market-fall-things-look-worse/#commentsFiled under: , , , , , , , , , , , , , , , ,

So, the Dow dropped 220 points today and investors felt the New Year was spoiled. It will probably get much worse so today may actually have been a good warm up.

Wall St. expected the financial, housing, and auto sectors to be hard hit. Ford Motor Company (NYSE: F) hit a 52-week low today. A number of the banks, investment firms, and home builders are as far down as they have been in years. CNBC made comments at mid-day that both Merrill Lynch & Co., Inc. (NYSE: MER) and Citigroup, Inc. NYSE: C) were preparing lay-offs and that Citi might have another $10 billion in write-downs. No one sane expects the sectors involved with housing, finance, or credit to rebound in the first half of the year.

The malaise among consumers has already spread to retail shares. Holiday spending was weak. Target Corporation (NYSE: TGT) has already warned it will miss numbers. Most of the other large retailer are likely to follow suit.

Continue reading As market falls, things look worse

As market falls, things look worse originally appeared on BloggingStocks on Wed, 02 Jan 2008 17:28:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>featuredhousingmemory chipsMemoryChipsmerrill lynch layoffsMerrillLynchLayoffsreal estateRealEstatesubprime lendingSubprimeLendingtech stockTechStocktelecom stocksTelecomStocksWed, 02 Jan 2008 17:28:00 EST