Discount Advances Most Since August After Clal DealBloomberg(Corrects amount of deal in third paragraph.) Discount Investment Corp. (DISI) jumped the most since August after its parent company IDB Development Corp. said it signed an accord to sell half…
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Airin’ Burnett Led to CNN Ratings Collapse After She Left CnBS Holding the Bag
by Lee Adler • • 4 Comments
In a bid to boost ratings, CNN hired the ignorant, biased, and obnoxious Wall Street cheerleader Erin Burnett away from CnBS last year. Since slotting her in prime time, the formerly somewhat credible news network’s ratings have collapsed, dragged down by her incredibly poor showing. Let’s face it. She rubbed Wall Street CEOs and analysts…
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Lane Bryant owner to be acquired by Ascena Retail for $890 million – Los Angeles Times
by Newswires • • 0 Comments
New York TimesLane Bryant owner to be acquired by Ascena Retail for $890 millionLos Angeles TimesBy Shan Li The Ascena Retail Group is venturing into the plus-size female market by acquiring Charming Shoppes Inc., parent company of Lane Bryant, for abo…
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Chrysler profitable 2011, now bailing out Fiat
by Bears Chat at The Wall Street Examiner • • 0 Comments
NPR link
Sales up 25%, quality survey results up, repaid 8 billion loan, now helping Fiat parent company.
Driven by the pre-ACA US healthcare system into bankruptcy, Chrysler handed off 255K retiree and their pensions to the govt pension board.
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Why Are There So Many Airline Bankruptcies?
by Bears Chat at The Wall Street Examiner • • 0 Comments
American Airlines’ parent company, AMR Corporation, filed for Chapter 11 bankruptcy protection on Tuesday, surprising exactly no one. A major corporate bankruptcy is normally a bit of a shock, but there’s nothing shocking about bankruptcy in the…
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Supreme Court rejects Fed appeal, Fed must detail 2008 emergency bank loans
by a Wall Street Examiner • • 0 Comments
Bloomberg link
Excerpts:
The Federal Reserve must disclose details of emergency loans it made to banks in 2008, after the U.S. Supreme Court rejected an industry appeal that aimed to shield the records from public view.
The justices today left inta…
