PPM Blog
France Telecom sees tough ’12, OKs midterm targets
– Says future dividend payout will be aligned with operating cash flow generation — Targets EUR8 billion operational cash flow in 2012 — Confirms medium-term targets (Updates with detail, background, comment, new share price.) France Telecom FTE.FR Wednesday posted a [...]
Partner Communications net off; may book charge
Partner Communications Co. PTNR warned it may take a fourth-quarter impairment charge on its fixed-line assets as it reviews current Internet-service-provider market conditions. The Israeli mobile-communications operator had said in November it was preparing for the changes in the telecommunication [...]
T-Mobile asks FCC to block Verizon deal
BOSTON (MarketWatch) — Deutsche Telekom AG’s T-Mobile USA unit has asked the Federal Communications Commission to block Verizon’s plan to buy certain wireless-spectrum assets from Comcast Corp. , Time Warner Cable Inc. , Bright House Networks, and Cox Communications, the [...]
Fitch lowers Wynn outlook to stable
Fitch Ratings lowered its outlook on Wynn Resorts Ltd. WYNN to stable from positive, the second ratings firm this week to revise its stance on the casino giant. Like fellow credit rater Standard & Poor’s Ratings Services, Fitch pointed to [...]
Audio: Radio update: A downer of a day for Dell
The latest money news from Ann Cates, including how consumer watchdogs are taking a look at bank overdraft fees. Read More
FHFA eyes investment firms for mortgage portfolio
A federal housing regulator on Tuesday suggested government seized housing giants Fannie Mae and Freddie Mac could each hire an outside investment firm to manage the $1.4 trillion in mortgage assets they own and finance Read More
Caixin Online: A billionaire’s take on the China theme
George Soros and other influential voices at the 2012 World Economic Forum found China at the center of financial discourse, reports Caixin Online. Read More
Bank of China to open new Shanghai office in March
SHANGHAI -(MarketWatch)- Bank of China Ltd. (601988.SH), one of China’s four largest state-run banks, will open a second head office in Shanghai next month, the China Business News reported Wednesday, citing an unnamed source. Read More
China’s big banks post weak loan growth: report
– New yuan loans issued by China’s four biggest banks totaled just CNY70 billion in the first three weeks of February — One of the “Big Four” banks posted a decline in outstanding loans — Weak lending tally might be [...]
The mortgage settlement: A borrower’s guide
The record $26 billion foreclosure-abuse settlement that states and the Obama administration reached last week with five big banks is supposed to help more than 1 million U.S. homeowners. Here are answers to borrower questions about eligibility and whom to [...]