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Franchise Loan - News Articles
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Wednesday, October 22, 2008
Forbes, NY -
AP 10.22.08, 2:56 PM ET National bank stocks fell Wednesday, after Wachovia Corp., which is being bought by Wells Fargo & Co., said it swung to a huge loss in the third quarter. A batch of worrisome earnings reports, including those of drug maker Merck & ... -
Wednesday, October 22, 2008
Bizjournals.com, NC -
Wachovia Corp. says it is taking steps to stabilize deposits after customers withdrew billions of dollars in recent weeks. Depositors pulled money from the ... -
Wednesday, October 22, 2008
New York Times, United States -
By ERIC DASH The Wachovia Corporation announced a $23.9 billion third-quarter loss on Wednesday as it prepared to be taken over by Wells Fargo. ... -
Wednesday, October 22, 2008
The Age, Australia -
Wachovia, the bank that came within hours of collapse last month, reported a $US24 billion ($35.8 billion) loss and said business customers drained a quarter of their deposits as the lender sought a rescuer. The third-quarter loss at Wachovia, ... -
Wednesday, October 22, 2008
TheStreet.com -
Wachovia (WB Quote - Cramer on WB - Stock Picks) reported a miserable third quarter in which cumulative losses on its soured option adjustable-rate mortgage portfolio nearly doubled, as the bank sought to lay out its warts ahead of its merger with Wells ... -
Wednesday, October 22, 2008
MarketWatch -
, , ) today announced a quarterly common stock dividend of 34 cents per share. The dividend is payable Dec. 1, 2008, to stockholders of record on Nov. 7, 2008. The Company has approximately 3.3 billion shares outstanding. ... -
Wednesday, October 22, 2008
Times Online, UK -
Wachovia, the American banking group that is being rescued by Wells Fargo, reported a quarterly loss of $23.9 billion (£14.7 billion) yesterday, ... -
Wednesday, October 22, 2008
Forbes, NY -
Wachovia's assets have fallen in value and the slide left a big dent in the thrift's earnings. On Wednesday, North Carolina-based Wachovia (nyse: WB - news - ... -
Wednesday, October 22, 2008
guardian.co.uk, UK -
The stricken US bank Wachovia reported yesterday the biggest quarterly loss of any bank since the onset of the credit crunch. The $24bn (£14.7bn) of losses ... -
Wednesday, October 22, 2008
Los Angeles Times, CA -
Analysts were surprised by the deficit, the largest of any bank since the financial crisis began. The biggest factor was its 2006 acquisition of Golden West . By E. Scott ...
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Wednesday, October 22, 2008
Bizjournals.com, NC -
Wells Fargo & Co. Chairman Dick Kovacevich says he expects governments around the world to do whatever necessary to restore normal functioning of the global financial system. “There may be doubts how long [the recovery] will take, but it will get done ... -
Wednesday, October 22, 2008
Financial Times, UK -
By Saskia Scholtes in New York Wachovia reported a third-quarter loss of $23.9bn yesterday and revealed details of a run on commercial deposits before its sale to rival Wells Fargo. Towards the end of the quarter, corporate customers withdrew more than $26bn, or ... -
Wednesday, October 22, 2008
BusinessWeek -
By Maria Bartiromo Last year at this time, Wachovia (WB) was trading at about 47. After the bank announced a $23.7 billion, third-quarter loss on Oct. 22, its stock fell to 5.71. Wells Fargo ( WFC ), which agreed to buy Wachovia (besting a government-assisted bid ... -
Thursday, October 23, 2008
Houston Chronicle, United States -
By RICK ROTHACKER Charlotte Observer CHARLOTTE, NC — In whaIt was likely its last earnings report as an independent company, Wachovia Corp. on Wednesday said it lost $23.9 billion, or $11.18 per share, in the third quarter as it took an $18.8 billion write-down ... -
Thursday, October 23, 2008
Salt Lake Tribune, United States -
Northwest Airlines Corp. posted a $317 million third-quarter loss Wednesday driven by fuel hedges influenced by falling oil prices. « 1 » ... -
Thursday, October 23, 2008
Los Angeles Times, CA -
Analysts were surprised by the deficit. The biggest factor was its 2006 acquisition of Golden West. By E. Scott Reckard Wachovia Corp. reported a $23.9-billion third-quarter loss Wednesday, the largest loss at any bank since the financial crisis began, reflecting the company's terrible ... -
Thursday, October 23, 2008
San Francisco Chronicle, USA -
(10-22) 17:06 PDT -- Wachovia Corp. reported a staggering $23.9 billion loss for the third quarter on Wednesday, but industry observers said the results won't jeopardize Wells Fargo & Co.'s takeover of the bank. ... -
Thursday, October 23, 2008
MarketWatch -
Third Quarter First Nine Months 2008 2007 2008 2007 Reported (GAAP) $ 0.44 $ 0.55 $ (6.07 ) $ 1.14 Restructuring Charges 0.01 0.04 0.08 0.12 Franchise ... -
Thursday, October 23, 2008
Your Renewable News (press release), UK -
Intrinergy, a US-based renewable energy company, and Shanks Group plc, a leading European waste management company, today announced closing €34 million ($47 ... -
Oct 21, 2008
USA Today -
The franchiser helped me with everything I needed, including financing. And, they continue to give me needed support. It's a win-win situation. ...
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