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Bankruptcy Funding Solicited for Car Makers The Treasury's advisers have started lining up the largest bankruptcy loan ever, at least $40 billion in financing for GM and Chrysler, in case the two auto makers need it. Wall Street JournalDevelopers Diversified Realty Reports FFO per Diluted Share of $3.29 for the Year Ended December 31, 2008 Before Non-Recurring Gains and Losses CLEVELAND, OH--(Marketwire - February 23, 2009) - Developers Diversified Realty Corporation(NYSE: DDR), the nation's leading owner, manager and developer ofmarket-dominant shopping centers, today reported operating results for thefourth quarter and year ended December 31, 2008.-- The Company's fourth quarter operating Funds From Operations ('FFO') was $0.74 per share after adjusting for the $216.3 million of charges summarized below and eliminating the gain on repurchase of unsecured notes of $11.4 million. FFO and net income for the three-month period ended December 31, 2008, reflected $216.3 million, or $1.78 per share, of net charges, primarily non cash, summarized as follows (in millions): MarketwireBookkeeping: Weekly Changes to Fund Positions Year 2, Week 29Mr Swing InterOil Announces Fourth Quarter Guidance on Earnings TORONTO, ONTARIO--(Marketwire - Feb. 23, 2009) - InterOil Corporation (NYSE Alternext US:IOC)(POMSoX:IOC) today advised that un-audited EBITDA, (Earnings before Interest, Taxes, Depreciation and Amortization) is in the range between $22 million and $26 million, an improvement over 2007 EBITDA of US$5 million. The EBITDA and Net Profit After Tax (NPAT) were impacted by the rapid decline in crude oil prices, from over US$90 per barrel in September to approximately US$50 per barrel at quarter end, which resulted in inventory revaluation losses in the fourth quarter of approximately $52 million. These losses were reduced by hedging gains of approximately $28 million. A further $15 million in long term diesel hedge profits was realized in January 2009, having been hedge accounted for as at December 31, 2008, and which will consequently improve our 2009 NPAT. Our revised 2008 year NPAT outlook on a consolidated basis is a loss ranging between $9 and $13 million, which is an improvement over MarketwireUS Treasury Considers GM, Chrysler Funding Options The official commented to Reuters after the Wall Street Journal reported that outside advisers to the Treasury were talking with lenders about financing of at least $40 billion for the car companies, ... Big News NetworkFive Great Funds If You Don`t Have a Lot of DoughMorning Star Gold Miners Benefit from Hedging with Derivatives, Not Market Timing David Enke submits: In a recently published research paper in the Journal of Applied Corporate Finance, Tim Adam (from the MIT Sloan School of Management) and Chitru Fernando (from the University of Oklahoma Michael F. Price College of Business) report in their research paper "Can Companies Use Hedging Programs to Profit from the Market? Evidence from Gold Producers" that during the 10 year period of 1989-1999, the gold derivatives market was characterized by a positive risk premium that resulted in short forward positions generating positive cash flows. The authors found that the gold mining companies that hedged their production during this time realized an average cash flow gain of $11 million, or $24 per ounce of hedged gold per year, compared on average to an annual net income of only $3.5 million without hedging. Of interest is that as a result of the positive risk premium that resulted from a positive spread between the forward price and the realized future spot price, Seeking AlphaBailout Funds For the News Industry The obituaries of newspapers and magazines have been written by everyone who can hold a pen or type on a keyboard. Might that now change? TIMETreasury considers GM and Chrysler funding options (Reuters) - Outside advisers to the Treasury are lining up contingency financing options for General Motors Corp and Chrysler LLC as part of a review of restructuring options for the auto makers, a Treasury official said on Monday. ReutersBe Wary of Mutual Fund Makeovers (Ticked Off) Bankrupt corporations, a heavy-weight champion, even music icons like Prince have resorted to a name change to reinvent their public personas. When your mutual fund does it, though, you’d better know why. “It’s a red flag,” says Larry Glazer, managing partner of Mayflower Advisors. There may be nothing amiss, but investors should call their advisor or fund company and ask questions when they see a different fund name appear on their statements. Here are some reasons why a fund’s name might change:Poor PerformanceSome mutual funds change their names after their track records slip. A dramatic example of this were the Regions Morgan Keegan bond funds, which racked up big losses due to subprime mortgage investments, says Russ Kinnel, director of mutual fund research at Morningstar (MORN). Last July, management of the funds switched to Hyperion Brookfield asset management, and in December the firm swapped the Regions Morgan Keegan name for Helios, its own br Smartmoney1 2 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]