AT&T (T) has spent months building up its crippled wireless network which has been overloaded by data sent to and from Apple (AAPL) iPhones. The telco says it has finally cured most of the problems through large investments in its 3G cellular infrastructure, particularly in big cities. The new Apple iPad is not supposed to put as [[ This is a content summary only.
Posts Tagged problems
Barclays (BCS) made $18 billion in the fourth quarter, which by any measure is stunning turnaround considering the problems the big bank had, and shared with most other multinational financial firms just a little over a years ago. Part of the improvement was due to asset sales, but most came from gains in investment banking
Eurozone Update
Feb 6
“We have control of the ship, we have a plan.” María Teresa Fernández de la Vega, Spain’s deputy premier From the Financial Times: Spain and Portugal fight to calm investors Spanish and Portuguese debt and equity markets were hard hit by Greece-related doubts among investors, partly because Madrid and Lisbon ran up budget deficits to dampen the effects of the economic crisis and partly because of fears for eurozone cohesion. …
Ed Whitacre, who is at least partially responsible for the problems at GM since it came out of Chapter 11, will add the CEO title to that of chairman. He has been interim CEO since pushing Fritz Henderson out of the job seven weeks ago
Chrysler is in deep trouble. It is deep enough that analysts and the media have questioned whether it has enough cash to make it through a turnaround, especially in a harsh auto sales enviroment in the US
Better late than never … From Steve Liesman at CNBC: Fed Reviewing Banks’ Commercial Real Estate Exposure (ht Bill) The Federal Reserve is involved a broad review of commercial real estate exposures at the nation’s largest regional banks, which Fed sources say is both the result of concern in that area but part of the “new normal” for how they will be supervising banks. …
The Federal Reserve reports that delinquency rates rose in Q2 in all categories. Click on graph for larger image in new window. This graph shows the delinquency rates at the commercial banks for residential real estate, commercial real estate and consumer credit cards
From CNBC: Roubini: Economic Recovery to Be ‘Very Ugly’ “The recovery is going to be subpar,” [Nouriel] Roubini said. “I see a one percent growth in the economy in the next few years
From Bloomberg: King Says U.K.
