Archive for July 12th, 2007
GE to ditch subprime loan unit?
12 July 2007According to what appears to be a single source, the WSJ has validated a Bloomberg story advising that General Electric (GE:NYSE) has hired Morgan Stanley to sell its Subprime Mortgage Unit.
“General Electric Co. plans to sell its subprime mortgage unit, which will effectively take the conglomerate out of the mortgage business in the U.S., according [...]
WWCM names 5 TSX stocks as “Top Summer Picks”
12 July 2007WWCM has named five TSX stocks as their “Top Picks for Summer 2007: Our star ideas to avoid the dog days of summer – 2007 edition.” The names are Breaker Energy, Sterling Resources, Western Goldfields, Discovery Air and Hemisphere GPS. According to WWCM, last summer’s WWCM best ideas list posted a total [...]
Don’t you feel safer?
12 July 2007Here are two items that’ll catch the eye of anyone who has had to jettison a coffee before walking through an airport security check:
“WASHINGTON (AP) – U.S. intelligence analysts have concluded al-Qaida has rebuilt its operating capability to a level not seen since just before the Sept. 11 terrorist attacks, The Associated Press has learned.”
“WASHINGTON, [...]
Businessweek Magazine on red-faced rating agencies
12 July 2007I can’t help but notice that Businessweek Magazine supports the view that the rating agencies let their clients down by not addressing the subprime meltdown earlier (see “Bloggers Downgrade Ratings Agencies” by Tim Catts, July 12-07).
Going public hasn’t improved the product, now has it?
MRM
(And we appreciated the plug, as well!)
RBC sees huge iPhone “harvest”
12 July 2007Here is a summary of the RBC equity research note on the continued demand for Apple’s (AAPL:NASDAQ) iPhone (see our hands-on review at “iPhone Versus the Curve“, July 11-07):
“iPod/iPhone roadmap emerges, iPhone demand seen strong post-launch.
Investment Opinion
• Large 8M CY07 iPhone order. Checks suggest Apple may plan to produce 8M iPhones CY07, implying 12-14M [...]