The best business advice Mattel CEO Bob Eckert ever received - Aug. 26, 2009
An MBA professor might just say, ignore sunk costs. It is tough to do but one of the core tenants of B-school.
Wednesday, August 26, 2009
Friday, August 14, 2009
BBT Buys Colonial in FDIC Assisted Deal
Colonial becomes biggest bank failure of 2009 - MarketWatch
This year, 74 banks have failed ... as a lingering recession and surging unemployment leaves the industry nursing heavy loan losses. More than 1,000 banks may fail during the next three to five years, RBC Capital Markets estimated in February....
The FDIC estimated Friday that the Colonial deal will cost its Deposit Insurance Fund about $2.8 billion. The regulator recently imposed a one-time assessment on banks to top the fund up. However, the surge in bank failures has increased concern about the fund, despite the fact that the FDIC can borrow hundreds of billions of dollars from the Treasury Department if it needs to.
BB&T, with more than $150 billion in assets, is seen by some analysts as a beneficiary of bank failures. Many closures have happened in the Southeast of the U.S., where BB&T is a dominant player.
BBT's stock jumped 9.4%
This year, 74 banks have failed ... as a lingering recession and surging unemployment leaves the industry nursing heavy loan losses. More than 1,000 banks may fail during the next three to five years, RBC Capital Markets estimated in February....
The FDIC estimated Friday that the Colonial deal will cost its Deposit Insurance Fund about $2.8 billion. The regulator recently imposed a one-time assessment on banks to top the fund up. However, the surge in bank failures has increased concern about the fund, despite the fact that the FDIC can borrow hundreds of billions of dollars from the Treasury Department if it needs to.
BB&T, with more than $150 billion in assets, is seen by some analysts as a beneficiary of bank failures. Many closures have happened in the Southeast of the U.S., where BB&T is a dominant player.
BBT's stock jumped 9.4%
Monday, August 10, 2009
Small Businesses, Big Fraud
Small Businesses, Big Fraud
Shared via AddThis
This is the kind of junk that ruins public benefit programs.
Shared via AddThis
This is the kind of junk that ruins public benefit programs.
Thursday, August 06, 2009
Housing starts the long climb back?
Inventory of Houses Falls in July - WSJ.com
According to some industry estimates, as many as half of those homes aren’t included on multiple-listing services at any given time. Some foreclosed homes aren’t listed because they are being offered as rentals, while others are awaiting repairs or are subject to litigation or other delays.
Some analysts expect a resurgence in foreclosed homes on the market later this year, as lenders pursue legal actions that had been delayed by moratoriums in various states that sought to keep more people in their houses.
According to some industry estimates, as many as half of those homes aren’t included on multiple-listing services at any given time. Some foreclosed homes aren’t listed because they are being offered as rentals, while others are awaiting repairs or are subject to litigation or other delays.
Some analysts expect a resurgence in foreclosed homes on the market later this year, as lenders pursue legal actions that had been delayed by moratoriums in various states that sought to keep more people in their houses.
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