|
|
| Sujet : ARGUMENTS DES BEARS | |
MBIA Q1 revenue -$2.96 billion
MBIA says fair value of derivatives down $3.54 billion
MBIA Q1 loss $2.41 billion, or $13.03 a share
édité le : 12-05-2008 12:43:40
PARIS (Reuters) - Le groupe Caisse d'Epargne va supprimer 4.500 postes d'ici à 2012, rapporte le quotidien Les Echos sur son site internet.
puis c est utile que nous faisions des economies d energie et faisions attention aux emissions polluantes...EN EFFET..
L'alliance formée par les constructeurs automobiles Renault, Nissan Motor et le groupe indien Bajaj Auto Finance ont annoncé lundi la création d'une coentreprise destinée à "développer, produire et commercialiser" une voiture qui sera vendue à partir de 2.500 dollars.
OBJECTIF
L'ULC sera produite à Chakan (Etat du Maharashtra) en Inde, dans une usine créée à cet effet", dont la capacité initiale prévue "sera de 400.000 unités par an", ont ajouté Renault-Nissan et Bajaj. AP
Dans le meme temps
TOKYO (Reuters) - La banquise de l'Arctique fond rapidement et la zone couverte par la glace dans l'océan pourrait atteindre cet été sa superficie la plus petite depuis 1978, date à laquelle remontent les premières observations par satellite, préviennent des chercheurs japonais dans un rapport.
La banquise de l'océan Arctique a atteint à la fin de l'été 2007 sa superficie la plus petite jamais enregistrée, selon des chercheurs de l'Agence japonaise d'exploration aérospatiale qui ont mis en ligne un rapport sur le site internet ( http://www.eorc.jaxa.jp/imgdata/topics/2008/tp0804...).
pas mal non ?? tres amusant
Salut Chris83,
Ça rend plutot service la fonte de la banquise dans l arctique vu que c est une reserve gigantesque de petrole... vont pouvoir lui enlever son statut de reserve ecolo
PJ
| |   |
MBIA Posts Loss of $2.4 Billion as Mortgage, CDO Slump Deepens
By Christine Richard
May 12 (Bloomberg) -- MBIA Inc., the bond insurer that lost 87 percent of its market value in the past year, posted a net loss of $2.4 billion as the slump in mortgage securities deepened.
The first-quarter net loss was $13.03 a share, compared with a profit of $198.6 million, or $1.46 a share, a year earlier, Armonk, New York-based MBIA said in a regulatory filing today. Unrealized losses from derivatives were $3.58 billion.
The loss was MBIA's third straight and comes less than three months after the bond insurer successfully retained its AAA credit rating. MBIA, Ambac Financial Group Inc. and the rest of the industry have posted record losses after misjudging the value of collateralized debt obligations and securities backed by home- equity loans they guaranteed. MBIA, once a dominant provider of municipal bond insurance, had 2.5 percent of the market in the quarter, according to Thomson Financial data.
``We're not out of the woods yet,'' said Richard Larkin, senior vice president at Herbert J. Sims & Co. in Iselin, New Jersey. ``I'm not sure AAA bond insurers will ever be viewed the same way as in the past.''
MBIA raised $2.6 billion in capital to help convince Moody's Investors Service and Standard & Poor's to preserve its AAA rating. Chief Executive Officer Jay Brown said this week the company won't need to raise more.
``We have adequate equity capital to get through this crisis,'' Brown wrote in a letter to shareholders published May 6.
MBIA fell 93 cents, or 9 percent, to $9.43 on May 9 in New York Stock Exchange composite trading. The stock was trading above $70 a year ago.
`Mere Mortals'
MBIA took $3.5 billion of writedowns in the fourth quarter of last year, mainly on CDOs it guaranteed through derivative contracts. Those contracts, backed by the repayment of subprime mortgages, have contributed to $323 billion of losses at banks since the beginning of 2007.
``This valuation task is clearly one that stretches the ability of mere mortals,'' Brown said in the letter.
New York-based Ambac, the second-largest bond insurer, reported on April 23 a first quarter net loss of $1.66 billion, wider than analysts estimated, after $3.1 billion of charges related to mortgage securities. New business at Ambac slumped 87 percent after municipalities balked at buying its insurance and sales of CDOs dried up. Ambac shares tumbled 43 percent on the day of the announcement.
The bond insurers faltered after expanding beyond municipal debt into subprime-mortgage securities and CDOs, which package pools of debt into new pieces with varying ratings and risk. As subprime defaults soared to records, MBIA and Ambac were forced to write down their value.
Home-Equity
Rising defaults on home-equity loans have also dragged down bond insurers' results. Ambac set aside $1 billion during the first quarter to cover claims on second lien mortgages. Hamilton- Bermuda-based Assured Guaranty Ltd. reserved $59 million, largely for two deals backed by Countrywide Financial Corp. loans.
MBIA had insured bonds backed by home equity lines of credit and closed-end second loans totaling $21 billion at the end of 2007, according to the company's Web site. Almost $9 billion of those securities were originated in 2007.
`Shot or Not?'
Billionaire Warren Buffett, who created a bond insurance company to insure municipal securities, told attendees at Berkshire Hathaway Inc.'s annual meeting earlier this month that an insurer forced to borrow at a 14 percent yield doesn't deserve AAA credit ratings. MBIA sold $1 billion of surplus notes with a 14 percent yield to raise capital in January.
Competition from companies with stable AAA credit ratings has eaten into MBIA's municipal bond business.
Financial Security Assurance Holdings Ltd., owned by Dexia SA, insured 65 percent of the $22.2 billion of municipal bonds sold in the first quarter, according to data from Thomson Financial. Assured Guaranty had a 30 percent share.
``It's up to the market,'' Larkin said. ``Either it's going to give MBIA another shot or not.''
To contact the reporter on this story: Christine Richard in New York at crichard5@bloomberg.net
| | |
MBIA Swings to Huge Loss of $2.4 Billion
MBIA MBIA IncMBI said its net loss was $2.4 billion, or $13.03 a share, in the three months ended March, compared with a profit of $198.6 million, or $1.46 a share in the year-ago period. Analysts, on average, predicted a loss of 11 cents a share.
Mieux que prévu.
MBIA has raised more then $2.5 billion of capital from investors to help offset those losses and has taken other measures to boost capital, such as eliminating its dividend.
Earlier this month, MBIA Chairman and Chief Executive Jay Brown wrote to investors that he saw no need to "raise dilutive equity capital to support our existing business plans."
Ca fait pas bouger le CAC, donc, pas d'importance.
Bank of Japan governor says focus is now on risks facing economy
Adding to the uncertainty are rising commodity and energy prices, which pushed up Japan's core consumer price index 1.2 percent in March in its biggest jump in ten years, he said.
The central bank said in its report that it expects the world's second largest economy to expand 1.5 percent in the fiscal year through March 2009, down from the 2.1 percent growth it projected in October.
Japan's economy will probably continue to decelerate for the time being but should eventually return to mild growth, at which point the central bank would need to consider tweaking interest rates, said Shirakawa at the Japan National Press Club in Tokyo.
The fundamental goal of monetary policy is to stabilize prices over the medium- and long-term, he said.
"This means that the central bank may need to implement policies that may be unpopular in the short term," Shirakawa said.
Citation de : Hug (au 12-05-2008 12:43:26)
MBIA Q1 revenue -$2.96 billion
MBIA says fair value of derivatives down $3.54 billion
MBIA Q1 loss $2.41 billion, or $13.03 a share
M B I A INC(NYSE: MBI)
8.91 -0.52 (-5.51%) as of 8:57AM ET on 05/12/08
bien joué 
AMBAC et MBIA toujours AAA......Alice alice
(pardon pour la faute de grammaire ce matin..que nous fassions...(pas faisions)...
May 12 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit faces an ``impossible feat'' in turning around the biggest U.S. bank as it faces ``seismic'' costs to restructure, Oppenheimer & Co. analyst Meredith Whitney said.
Citigroup will be forced to announce the sale of major businesses toward the end of this year or in early 2009, Whitney, who recommends investors sell the shares, said in a Bloomberg TV interview today.
Whitney said she expects Citigroup, which lost a record $10 billion in the fourth quarter of last year, to post ``de minimus'' profits during the next three to five years. She repeated her prediction that Pandit would be forced to lower the dividend again.
un autre
May 12 (Bloomberg) -- IndyMac Bancorp Inc., the second- biggest independent U.S. mortgage company, reported a first- quarter loss, omitted some dividends and said it doesn't expect to make money for the rest of this year.
Je pense que le CAC finira l année sous 3500..le pétrole à 75$..et l euro à 1.30.(Edit)...(voilà pour madame Irma 83....au pifometre).
jasper Johns,Fr Bacon,Cezanne,JS Bach,William Forsythe,Sviatoslav Richter.Desiree Dolron,Robert Mapplethorpe.Howard Hall."There will be blood""mauvais sang"En vin: domaine Leflaive et Vino l Apparita.Endroit:les Marquises,Malpelo et 30m sous la mer,seul,en recycleur
| | |
SPRINT NEXTEL.
Le troisième opérateur télécoms des Etats-Unis a fait état lundi d'une perte plus importante que prévu au premier trimestre, imputable à une déperdition d'abonnements.
La perte est de 505 millions de dollars, ou 18 cents par action, à comparer avec une perte de 211 millions ou 7 cents un an plus tôt.
Le chiffre d'affaires a été ramené à 9,3 milliards de dollars contre 10,1 milliards au premier trimestre 2007.
En avant-Bourse, la valeur perdait plus de 4% à 8,98 dollars après avoir fini vendredi à 9,38 dollars.
Je pense que le CAC finira l année sous 3500..le pétrole à 75$..et l euro à 1.30.(Edit)...(voilà pour madame Irma 83....au pifometre).
jasper Johns,Fr Bacon,Cezanne,JS Bach,William Forsythe,Sviatoslav Richter.Desiree Dolron,Robert Mapplethorpe.Howard Hall."There will be blood""mauvais sang"En vin: domaine Leflaive et Vino l Apparita.Endroit:les Marquises,Malpelo et 30m sous la mer,seul,en recycleur
Et pourtant elle tourne ....
Pardon, et pourtant,ça monte...
J ai la folie des grandeurs épisode 100 :)) JDH encore
Du coup le CAC a terminé sous les 5000 points et il est sorti de son canal haussier qui avait démarré fin mars. Une réintégration de ce canal reste possible, et elle est meme souhaitable, car si le CAC ne réintégrait pas, je pense qu'il faudrait alors attendre la rentrée de septembre pour repartir. On pourrait alors stagner de manière erratique et nerveuse pendant plusieurs semaines. Bien sur, il n'est pas question de retourner sous les plus bas de mars, surtout que la 3eme et dernière jambe de baisse fut de moindre importance que les deux précédentes. Surtout, aussi, que la crise des subprimes est bien derrière nous à présent.
Certes, les banques américaines ont annoncé un mauvais premier trimestre, mais ce ne sont là que les conséquences de la dépréciation des actifs immobiliers et des provisions passées dans les comptes. La crise est elle finie depuis novembre, au moment où je fus d'ailleurs le premier à l'annoncer.
génial de lire ca
Je pense que le CAC finira l année sous 3500..le pétrole à 75$..et l euro à 1.30.(Edit)...(voilà pour madame Irma 83....au pifometre).
jasper Johns,Fr Bacon,Cezanne,JS Bach,William Forsythe,Sviatoslav Richter.Desiree Dolron,Robert Mapplethorpe.Howard Hall."There will be blood""mauvais sang"En vin: domaine Leflaive et Vino l Apparita.Endroit:les Marquises,Malpelo et 30m sous la mer,seul,en recycleur
| | |
nom de code de la future attaque sur l'Iran : BX4
(mais le répétez pas ça doit rester entre nous ; je tiens ça d'une source bien placée à la NSA)
concernant: "tu joues la baisse via quel produit Chris" (serge.harimax) :
Les BX, FXP, DUG.....
C'est intéressant en effet...
Y aurait-il des raisons fondamentales pour éviter des CFD (Contract For Difference)?
C'est encore plus puissant...
C'est ce que j'utilise entre-autre sur Citigroup et le CAC (multiplicateur 20)..
Ou risque-t-on, après avoir patienté pendant une éternité, que le fonctionnement normal de ces produits soit bloqué au jour apocalyptique du Dernier Jugement (de la part du marché) ??????
Quelqu'un en sait-il plus à ce sujet ? 
le MACD Daily est pile poil sur la ligne de support qui date de janvier !!
Les choses pourraient aller vite en cas de petage de cette droite !!
| Sujet : ARGUMENTS DES BEARS | |
|
