Map of FDIC-Seized Banks
A quick map of the current list of FDIC-seized U.S. banks, including the two closed this past Friday.
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November 10, 2008
Good to Gone -- Update: Circuit City Files for Bankruptcy
To update my post on "Good to Great" companies that are now "good to gone", Circuit City filed for bankruptcy this morning. Add it to the list.
The petition for Chapter 11 protection in U.S. Bankruptcy Court in Richmond, Virginia, listed $3.4 billion in assets and $2.32 billion in liabilities, driving the shares down 56 percent before the New York Stock Exchange halted trading. The company said it is entering court protection owing Hewlett-Packard Co. $119 million and Samsung Electronics Co. $116 million.
[via Bloomberg]
China "Sudden Stop" Stats
Feel free to add to this post as you come across more, but lots of stats out there showing the sudden stop in the Chinese economy. Here are two quick ones from this morning's news:
- Half of the 3,6000 toy companies have shut down in first half of year
- 2.7m job losses in Guangdong province alone in last seven months
Headline Watch: End of Autos
From the unintended-headlines file:
Final Glance: Autos companies
Monday November 10, 5:41 pm ET
AP
Good to Gone -- Update: Circuit City Files for Bankruptcy
To update my post on "Good to Great" companies that are now "good to gone", Circuit City filed for bankruptcy this morning. Add it to the list.
The petition for Chapter 11 protection in U.S. Bankruptcy Court in Richmond, Virginia, listed $3.4 billion in assets and $2.32 billion in liabilities, driving the shares down 56 percent before the New York Stock Exchange halted trading. The company said it is entering court protection owing Hewlett-Packard Co. $119 million and Samsung Electronics Co. $116 million.
[via Bloomberg]
China "Sudden Stop" Stats
Feel free to add to this post as you come across more, but lots of stats out there showing the sudden stop in the Chinese economy. Here are two quick ones from this morning's news:
- Half of the 3,6000 toy companies have shut down in first half of year
- 2.7m job losses in Guangdong province alone in last seven months
Headline Watch: End of Autos
From the unintended-headlines file:
Final Glance: Autos companies
Monday November 10, 5:41 pm ET
AP
