Mon, 19 May 2008 16:07:32 +0000
“With anything of scale, it always comes down to execution,” Mr. Hurd, CEO of HP, said in an interview announcing the agreed acquisition of EDS by HP.
The immediate reaction of the stock market was to reduce the market value of HP by over $13.6 Billion, fully discounting the $13.2 Billion HP has agreed to pay [...]
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Mon, 28 Apr 2008 14:41:24 +0000
The April 21 edition of Investment News reported on a United States Senate Banking Committee hearing:
“It’s a vicious cycle,” Sen. Charles Schumer, D-N.Y., said during a Feb. 28 Senate Banking Committee hearing. “How do you mark to market when there is no market?” Mr. Schumer suggested that it might be better if companies [...]
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Thu, 03 Apr 2008 14:14:49 +0000
In 1998 Travelers Corp and CitiBank merged to create the largest US financial institution based on the strategy of creating a “one-stop shop” to meet all of customers’ financial requirements. A decade later, there have been 4 CEO’s, 12 significant reorganizations, tens of billions of dollars of write-offs from poor investments, huge settlements [...]
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