Tag Archives: july retail sales

Cerberus Update, Weak Retail Sales, FDIC’s Blair Worried About Commercial Loans, Prime Borrowers Becomming a Problem, VMware Company of Interest

Cerberus denies talk of fund defaults – Reuters Reuters reports Cerberus Capital Management yesterday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default. Traders in London and Frankfurt were buzzing with talk that a major hedge fund was headed for default. Much of the talk was directed at […]

Q2 EPS, LIBOR-OIS Spreads Narrow, July Retail Sales, Initail Jobless Claims

Second quarter earnings can be best characterized as light on revenue but strong on cost cutting, leading to better than expected EPS. The more positive bottom line results have helped fuel the equity market rally over the last couple of months. Meanwhile, Aug. 13 (Bloomberg) — The Libor–OIS spread narrowed to a level former Federal Reserve Chairman Alan Greenspan said […]