Submit a Story!
Votes
topics:

vote down flag
Billion vs 1,000 Million
ritholtz.com - 3/20/2009
Billion vs 1,000 Million
—
Wryly amusing: > > Hat tip Bradman! via XKCD

Blog Reactions

Abnormal Returns:  Friday links: sentiment reversals

Comments
Blog Reactions

Friday links: sentiment reversals
Abnormal Returns — ... banks.  (24/7 Wall St.) Just how far below 5% can mortgage rates go?  (WSJ.com) There will be two bottoms in the housing market.  Only the second implies higher home prices.  (Calculated Risk) “Boo-yah! will never be the same.”  (Jeff Matthews) On the difference between a billion and a million.  (Big Picture) Have we overlooked an interesting post in the ...

Related: billion vs million
How Companies Are Fighting HIV/AIDS, Tuberculosis and Malaria — Exchanges
There are 3 billion people in 109 countries at risk of getting malaria. In 2006, tuberculosis killed 1.7 million people and there were 9.2 million new cases of the disease. More than 15 million people have been orphaned as a result of AIDS. “The numbers are almost unbelievable – millions of ...
AIG Suing US Government for $306 million (this is my last AIG article for the day) — Stockerblog - The Stock Market Blog
First AIG (AIG) gets a bailout from the US Government to the tune of almost $200 billion according to the New York Times. Now AIG is suing the government for the return of tax payments to the tune of $306 million . What is the matter with AIG? And by the way, whatever happened to the fraud ...
Tax Would Not Cover $2.5 Billion in Merrill Bonuses — DealBook
Merrill Lynch's $3.6 billion bonus pool has been among the most controversial payouts on Wall Street. But most of those bonuses, which included some 700 awards of more than $1 million, would not be affected by a new bonus tax being considered in Congress, The New York Times's Louise Story ...
Wal-Mart Joins the Bonus Ball — Minyanville
Wal-Mart (WMT) plans to award about $2 billion to employees following strong sales. The awards for hourly employees include about $933.6 million in bonuses $788.8 million in profit-sharing and retirement contributions and millions of dollars in contributions to employees’ stock purchase ...
Simon’s Dilution Takes Away Some Debt Worries (SPG) — 24/7 Wall St.
Simon Property Group, Inc. (NYSE: SPG) priced a secondary share offering of 15 million shares at $31.50/share. Simon also made a concurrent offer of approximately $500 million worth of 10-year senior notes. All told, proceeds should total about $1 billion. This is hitting shares, but this ...
Billion vs Million — The Big Picture
Wryly amusing: > > Hat tip Bradman! via XKCD
— COLD SPRING SHOPS.
EVERYDAY HIGH BONUSES. No bailout money, no Congressional micromanagement. In a memo to Wal-Mart employees obtained by Reuters, Wal-Mart CEO Mike Duke said the retailer is awarding roughly $2 billion to U.S. hourly employees, which includes $933.6 million in bonuses, $788.8 million in profit ...
Two Ways: FedEx Delivers Poor Results — Minyanville
FedEx (FDX) reported third-quarter earnings far below Wall Street expectations today. Net income plunged 75% to $97 million or $0.31 a share down from $393 million or $1.26 a share from a year earlier. According to the Wall Street Journal revenues declined to $8.14 billion owing to lower fuel ...
Wal-Mart's $2 Billion Bonus Stimulus — CARPE DIEM
March 19 (Bloomberg) -- Wal-Mart Stores Inc., the world’s largest retailer, plans to award $2 billion in extra compensation to about 1 million U.S. hourly workers this year after sales jumped in the recession (average of $2,000 per worker). The Arkansas-based retailer is benefiting from record ...
Citigroup May Spend $10 Million for Executive Suite — IEHI Feed: The Hedge Fund Implode-o-Meter
" - Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank."
The AIG Bonus Imbroglio: $165 Million Versus $165 Billion — The Daily Bail
AIG Financial Products Employees Are Shit In Luck.  Reaction round-up plus a great Olbermann video are after the jump.
Uny lowers its net profit estimate — The Japan Times: All Stories
Retail chain Uny Co. on Tuesday lowered its group net profit estimate to ¥5.4 billion from ¥9.9 billion for the business year that ended in February due to an asset impairment loss. The revised estimate is still head and shoulders above the ¥377 million group net profit it logged the previous ...
Yahoo Japan in $305 Million Share Buyback — DealBook
Yahoo Japan said it would buy back up to 1.185 million of its own shares, worth up to 30 billion yen ($305 million), before the market opens on Wednesday and then cancel them. That will be equivalent to 2 percent of its shares outstanding. Go to Article from Reuters via The New York Times » Go ...
Fortress Reports a $258 Million Loss — IEHI Feed: The Hedge Fund Implode-o-Meter
" The Fortress Investment Group, the beleaguered private investment firm, said Monday that it lost $258 million in its fourth quarter, amid investment losses and withdrawals from investors. Its assets under management dropped 10 percent, to $29.5 billion."
I.R.S. Says Stanford Owes $226 Million in Taxes — DealBook
A federal judge is allowing the government to go after at least $226.6 million in back taxes, penalties and interest that it says are owed by Robert Allen Stanford, the Texas financier who has been accused of conducting an $8 billion Ponzi scheme through an offshore bank. Judge David C. Godbey ...
Fortress Reports a $258 Million Loss — DealBook
The Fortress Investment Group, the beleaguered private investment firm, said Monday that it lost $258 million in its fourth quarter, as it suffered investment losses and withdrawals from investors. Its assets under management dropped 10 percent, to $29.5 billion. Fortress said that it has ...
WSJ: AIG to pay $450 million in bonuses — Rolfe Winkler
WSJ: American International Group Inc. will pay $450 million in bonuses to employees in its financial products unit. That division was at the heart of AIG’s collapse last fall , which compelled the U.S. government to provide $173.3 billion in aid to keep it running… “I ...