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Takeaways for Today (11/10/2007 and 11/11/2007)

Tech Still Sinking, Thanks Cisco!
The striking decline of tech stocks continued on Wall Street Friday, as the Nasdaq was down nearly 6% for the.
The tumble started Wednesday, but really picked up steam Thursday as investors digested comments from Cisco Systems (nasdaq: CSCO - news - people ). The network solutions firm posted stronger-than-expected earnings on Wednesday, but offered a cautionary outlook.

Top U.S. banks agree on backup fund for markets
The top three U.S. banks have agreed on the structure of a backup fund of at least $75 billion to stabilize credit markets, The New York Times reported on Sunday.


Goldman Held Bigger Share of Level 3 Assets Than Citi, Merrill
Goldman Sachs Group Inc. held a bigger proportion of hard-to-value assets at the end of the third quarter than Citigroup Inc. and Merrill Lynch & Co., two of the firms hardest hit by subprime mortgage losses.

Goldman Sachs CEO may get $75 mln bonus
Goldman Sachs (GS.N: Quote, Profile, Research) Chief Executive Lloyd Blankfein may earn a pay package of up to $75 million in cash and stock this year, the New York Post said on Sunday, citing sources inside the firm.


HSBC seen facing another hit from U.S. mortgages
Europe's biggest bank HSBC Holdings (HSBA.L: Quote, Profile, Research) is this week expected to unveil a further big hit from its exposure to the U.S. mortgage crisis. HSBC Finance, the unit formerly called Household, will unveil third-quarter results on Wednesday.


Airbus Wins $31 Billion Aircraft Order From Emirates
Airbus SAS, the world's largest manufacturer of commercial planes, won an order from Emirates for aircraft valued at as much as $31 billion, including 70 A350 airliners and 11 double-decker A380s.


BHP pitches $30 billion buyback
BHP Billiton Ltd/Plc on Monday mapped out its plan for acquiring rival Rio Tinto Ltd/Plc, promising to hand shareholders $30 billion via a share buyback if the deal goes through, in the hope of drawing Rio's board into talks.

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This entry was posted by David Choi, on Sunday, November 11, 2007. You can leave your response.

“Takeaways for Today (11/10/2007 and 11/11/2007)”
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