Bristol Myers; Amazon.com; MBIA; Procter & Gamble; Mastercard; Deephaven
Bristol-Myers missed its earnings expectations and issued downside guidance. Amazon.com topped...
Record guarantor losses... MBIA, #1 bond insurer, posted a record quarterly loss $2.3 billion
after writing down $3.5 billion and said it was looking at ways to raise equity to shore up capital.
The worlds largest guarantor is setting aside an additional $713.5 million for losses, of which $613.5 million was for specific impaired bonds.
Tampons & Toothpaste... P&G posted a 14% increase in net income to $3.27 billion
on sales +9% and warned earnings for the current quarter would be below analysts estimates.
P&G saw strong sales growth in China, Central and Eastern Europe and the Middle East and Africa. Those increases came as U.S. growth slowed.
Charge it... MasterCard, the world's No. 2 credit card processor,
said its Q4 revenue +27% YOY on strong spending abroad. The conversion of stronger currencies to the dollar boosted revenue by 4.7%.
Frozen Hedge... Deephaven Capital Management LLC is liquidating a $780 million hedge fund.
The firm froze redemptions from the Deephaven Event Fund after clients requested to withdraw 70% of capital.
Record guarantor losses... MBIA, #1 bond insurer, posted a record quarterly loss $2.3 billion
after writing down $3.5 billion and said it was looking at ways to raise equity to shore up capital.
The worlds largest guarantor is setting aside an additional $713.5 million for losses, of which $613.5 million was for specific impaired bonds.
Tampons & Toothpaste... P&G posted a 14% increase in net income to $3.27 billion
on sales +9% and warned earnings for the current quarter would be below analysts estimates.
P&G saw strong sales growth in China, Central and Eastern Europe and the Middle East and Africa. Those increases came as U.S. growth slowed.
Charge it... MasterCard, the world's No. 2 credit card processor,
said its Q4 revenue +27% YOY on strong spending abroad. The conversion of stronger currencies to the dollar boosted revenue by 4.7%.
Frozen Hedge... Deephaven Capital Management LLC is liquidating a $780 million hedge fund.
The firm froze redemptions from the Deephaven Event Fund after clients requested to withdraw 70% of capital.
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