'buying'에 해당되는 글 3건

  1. 2009.01.29 Will Wells Fargo Regret Buying Wachovia? by CEOinIRVINE
  2. 2009.01.07 What Bill Gross Is Buying by CEOinIRVINE
  3. 2008.11.28 Black Friday: Holiday Big Sale by CEOinIRVINE

The merger puts one of the credit crisis's good guys under pressure.

With a greater-than-expected $2.5 billion fourth-quarter loss, San Francisco-based Wells Fargo is proving no bank is immune from the credit crisis, even though it has come through the storm in relatively stronger shape.

Wells Fargo (nyse: WFC - news - people ) is steeling itself for rising loan losses, packing $5.6 billion away in credit reserves and tripling its credit provision to $8 billion. It wrote off $37 billion of risky Wachovia (nyse: WB - news - people ) assets that had been part of a $90 billion pool of troubled loans.


Wachovia's fourth-quarter numbers weren't consolidated into Wells Fargo's results. It had a disastrous $11 billion loss in the period. That said, it beat the $23 billion third-quarter loss, which prompted Wachovia's sale in the first place.

The merger and extra reserving pressured capital ratios. Though still well capitalized, Wells Fargo's 7.9% Tier 1 ratio is on the low end of large U.S. banks even though Wells said it was keeping its 34-cent quarterly dividend intact and wouldn't need any more capital out of the Troubled Asset Relief Program.

Other banks, including Citigroup (nyse: C - news - people ) and Bank of America (nyse: BAC - news - people ), have slashed their dividends almost to nothing after getting government money out of the TARP program.

Analysts said Wells Fargo's own loan portfolios, especially its exposure to the rough California real estate market, indicate signs of further stress ahead. Charge-offs as a percentage of loans rose to 2.69% from 1.96%.

"This shows that the recession is driving increased loan defaults--even in the more conservative Wells Fargo portfolio--and does not bode well for the industry or the economy at large," said Bart Narter, an analyst at Celent.


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Posted by CEOinIRVINE
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Bill Gross oversees $790 billion at asset manager PIMCO, more than the gross domestic product of most countries, and has posted impressive returns. Lately the King of Bonds is sounding grim. He expects slower U.S. growth, lower corporate profits and a lower standard of living for years to come. He also sees bargains aplenty.
On a rainy mid-December day at his Newport Beach, Calif., office, the 64-year-old explained to Forbes why, as fearful investors pile into Treasuries, he's moving in the opposite direction. Excerpts, (edited for clarity) below.

Bill Gross: Government bonds happen to be the one asset that people want to own during a deleveraging cycle. They weren't leveraged up by hedge funds and mom and pop investors. We were busy buying homes and stocks and risky assets…

…Now we're deleveraging, and [almost] all assets are going down in price. This is staggering.

How much deleveraging is left?

I think we're 75% of the way through. The question is, "What's the size of the government checkbook and can it match deleveraging in the financial sector?" We think the checkbook is substantial, and sometime in 2009 assets will stop going down.


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Posted by CEOinIRVINE
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Best Buy

Best Buy

Best Buy will be celebrating the kick-off of the holiday season with its "Black Friday VIP Contest." In the country's top 25 markets, customers were asked to submit stories explaining why Black Friday is important to their family. The winners, announced the week of Nov. 24, will be picked up in limos and given $1,000 Best Buy gift cards. Winners will be granted access to Best Buy stores at 4:30 a.m. on Friday the 27th, a half hour before stores officially open.

www.bestbuy.com

Target

Target

Target.com will be hosting its biggest free-shipping event ever this holiday season. From Nov. 30 to Dec. 13, more than 60,000 items will qualify for free shipping. Guests can also get a sneak peak at Black Friday deals as of 2 a.m. Thanksgiving, online at Target.com/weeklyad.
Toys ‘R’ Us

Toys ‘R’ Us

Toys "R" Us is targeting bargain shoppers with its 150 "doorbuster" deals from 5 a.m. to 1 p.m. on Friday, Nov. 27. On Thanksgiving Day, Toys "R" Us will distribute a 24-page circular announcing the more-than-100 doorbusters being offered throughout the holiday weekend. If that's not soon enough, beginning Wednesday, November 26, the company will present a midnight sneak peek at more than 50 unadvertised Mystery Doorbuster deals on www.Toysrus.com.



Bed Bath & Beyond

Bed Bath & Beyond

Bed Bath & Beyond stores will be offering 20 percent off on entire purchases from 6 a.m. to 10 a.m. on Nov. 28. The deal includes in-store purchases only. Free standard shipping on all orders over $100 will be available online only at www.bedbathandbeyond.com from Nov. 21 to Dec. 16.

Sears

Sears

Sears' Early Black Friday deals include:
Kenmore Stylite Retraxx vacuum—sale: $79.99, save $50.
Craftsman ½ chain drive garage door opener—sale: $99.99, save: $40.
Craftsman Professional 20v Lithium Ion Drill—sale: $199.99, save: $200.
Craftsman 5-drawer tool center—sale: $79.99, save: $90.
J.C. Penney

J.C. Penney

J.C. Penney will be offering early doorbuster deals from 4 a.m. until 1 p.m. on Black Friday, including: a My Sports Gaming System for $38.88; a 2GB mp3 video and music player for $28.88; half carat T.W. diamond necklace or bracelet for $79.99 each; and one-third carat T.W. diamond earrings for $99.99 per pair.

Deals on apparel include Worthington tops for $11.99 and Worthington jackets for $23.99; juniors' Arizona sweaters for $15.99; men's St. John's Bay mocknecks and turtlenecks for $6.99 and St. John's Bay fleece for $14.99; entire stock of young men's Arizona original; loose, relaxed, and basic bootcut jeans for $11.99; Arizona thermal knit tops for $9.99; and boys' Arizona authentic jeans for $9.99.

Deals on home appliances and goods include $14.98 each for a cook's griddle; 6-quart slow cooker; coffeemaker; 2-slice toaster; hand mixer or 3-in-1 grill/waffle/sandwich maker; $2.99 for the classic towel; $8.88 for bed pillow twin-packs; $18.99 for any size fleece blanket; and $38.88 for a Protocol® Portsmouth 5-piece luggage set.
Wal-Mart

Wal-Mart

Wal-Mart will be open at 5 a.m. on Black Friday. Stores will offer a variety of deals on toys, Christmas decorations, and video games. Special deals can be found by entering local zip codes at www.walmart.com/localad.

Office Depot

Office Depot

Office Depot is looking to make its technology gifts appeal to the whole family. Deals can be found on an assortment of items, including: the GE Digital PhotoPhone; HP Touchsmart All-in-One Desktop PC; Hewlett Packard C6380 Wireless Printer; Garmin nuvi 255W; Microsoft Arc Mouse; officially-licensed NFL and Collegiate team chairs; Ativa "Jelly" Flash Drive; and AT&T's Go Phone.
Gap

Gap

Gap will be offering a buy-one-get-one-free sweater promotion that begins Nov. 27. Starting on Saturday, Nov. 29, Gap shoppers can buy any item and receive 50 percent off on any other item of equal or lesser value. Select Gap stores will be open Thanksgiving Day.
Old Navy

Old Navy

Old Navy stores will open at 5 a.m. on Black Friday. The first customers to purchase goods worth $20 or more will get a Samsung Pebble MP3 Player. Old Navy will also be offering a "Gas Giveaway." Each time shoppers use a Gap, Old Navy, or Banana Republic card to make a purchase at an Old Navy store, they will automatically qualify for a chance to win free gasoline for a year.
Lowe's

Lowe's

Lowe's is offering a number of deals from Nov. 28 to Dec. 1, accessible at http://www.lowes.com/lowes/lkn?action=pg&p=Promos/BlackFriday.html/. Featured items include a Haier 18-bottle wine chiller for $99.99; 10 percent off all Kobalt Tool Storage items; and a Black & Decker 24-Volt, 4-Piece, Cordless Combo Kit for $59.97—originally $159.
Kmart

Kmart

Kmart will be offering several electronics deals on Black Friday. These include a 50 percent discount on Guitar Hero 3: Legends of Rock (priced at $49.99, down from $89.99); Element 2GB Touch MP3 Player (originally priced at $69.99, down to $39.99); and a Tom Tom Global Positioning System, down 49 percent, to $99.99.
IKEA

IKEA

The Swedish retailer will be offering special deals on some of their most popular products over the Thanksgiving weekend. On Friday, the company will be reducing the price of its most popular bed, the Malm, from $199 to $99. Saturday's special offer is on the Mala child's easel, down from $24.99 to $9.99. Sunday's deal is for the Mysa Vete down comforter, priced at $49.99, reduced from $79.99 to $129.99, depending on size. On all three mornings, the retailer will serve breakfast until 10:30 a.m.
Kohl's

Kohl's

Kohl's will be open from 4 a.m. until midnight on the Friday after Thanksgiving and will be offering Early Bird Deals until 1 p.m. Early Bird discounts include 50 percent off on the entire stock of toys; 40 to 50 percent off on all women's designer brands (including Simply Vera by Vera Wang, the ELLE Contemporary Collection, and daisy fuentes); and a high-definition video camera value pack, including 2GB SD card, tripod, rechargeable batteries, cable, and pouch. The video camera pack, new at Kohl's, will be priced at $99.99, down from $199.99.
Posted by CEOinIRVINE
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