She can blow a park bench through the windows of the New York Fed, flood all of downtown Manhattan and rustle the papers on Maria Bartiromo’s desk but come Monday morning? That bell is getting rung.
GM Reports Preliminary First Quarter 2008 Financial Results What, did GM become a Wall St. bank? The company lost $3.3 billion in the quarter, related to various things including GMAC stuff and a strike at American Axle. The good news: on an adjusted basis, it only lost $350 million, which is at least believable. If […]
Toll Brothers Swings to Loss (WSJ) The big homebuilder, whose properties you sometimes see in NYC, reported a loss of $96 million, down from $54.3 million. Net signed contracts in the quarter fell 50 percent to $375.3 million. None of this sounds too surprising. The company did do a $153.3 million after-tax writedown, so it […]