chickenlittle writes:
HOW BAD IS MARCH?

They were profitable through February even though traders inadvertently intentionally mismarked values.
chickenlittle | 03.20.08 - 8:35 am | #

energyecon writes:
Related OT:

FedEx Says Profit Declined, Sees `Limited Growth' (Correct)
By Mary Jane Credeur

[snip]

``Our fourth-quarter earnings outlook has been impacted by higher than anticipated fuel prices and a weak U.S. economy,'' Chief Financial Officer Alan Graf said. The trend will continue into fiscal 2009, ``which would result in limited earnings growth next year.''

[snip]
energyecon | 03.20.08 - 8:38 am | #

sam writes:
you would think the Swiss know better
sam | 03.20.08 - 9:19 am | #

sam writes:
WASHINGTON - The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, providing more evidence that the weak economy is having an adverse impact on the labor market.

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The Labor Department said Thursday that applications for jobless benefits totaled 378,000 last week. That was an increase of 22,000 from the previous week and was a far bigger jump than had been expected.

The four-week average for new claims rose to 365,250, which was the highest level since a flood of claims caused by the 2005 Gulf Coast hurricanes.

The current economic slowdown, which many economists believe has already turned into a full-blown recession, is starting to show up in the labor market in terms of higher layoffs and weaker hiring numbers.

The total number of payroll jobs fell by 63,000 in February, an even bigger decline that the drop of 22,000 jobs in January, which had been the first monthly decline since mid-2003.
sam | 03.20.08 - 9:23 am | #

JoshK writes:
That's from last year, it was just uncovered now. I don't think this is really news (even though the stock is off). This was disclosed last month. Just now the final # is here.
JoshK | 03.20.08 - 9:23 am | #

Ginger Yellow writes:
Are people really expecting investment banks to make profits this quarter after what we've just seen? They're not going to be profitable for at least another quarter or two, if they're lucky.
Ginger Yellow | 03.20.08 - 1:33 pm | #