The yield for the Series A Bond is over 1,000%.
Avi Shauly19 Mar 09 13:50
Shaya Boymelgreen’s Israel real estate arm Boymelgreen Capital Ltd. (TASE:BMGN) apparently cannot meet its commitments to its bondholders, and may be facing insolvency. At the end of April, Boymelgreen Capital must pay 16.7% of the principle plus a 6.7% coupon interest payment on […]
“About 20 years ago, the family of Baila Moskowitz had an idea. And what an idea.
In the fledgling Hasidic community of Kiryas Joel, they founded ABC Toys. Now it overflows with everything a child could want — Torah tapes and CDs, tiny figurines of Hasidic families, Hanukkah coloring books, pencils and rulers, and Hebrew memorization […]
(Bloomberg) – JPMorgan Chase & Co., the largest U.S. bank by assets, will cut 9,200 Washington Mutual Inc. jobs nationwide as it acquires the Seattle-based lender, a spokesman said. Bloomberg.com
Both J.Crew’s and Bloomingdale’s Web sites crashed on one of the most important online shopping days of the year.On Monday morning, specialty apparel company J. Crew Group Inc. sent out a mass e-mail to loyal shoppers on its mailing list, advertising additional 30% discounts available only at its Web store. But for a substantial portion […]
Sarah Lee kosher meat was under the certification of underrabbi Kauffman and Rabbi M. Small Sara Lee Corp. said Wednesday it will exit the kosher meat business and close a facility that processes kosher hot dogs and meat by the end of January. The shuttering of the facility in Chicago will mean the loss of about […]
Amid all the fallout from the financial turmoil, one group has yet to feel the accusing finger of blame: the analysts who built the computer software that drove the derivatives markets that, in turn, drove the financial collapse. Since the Big Bang of the 1980s, large amounts of stocks and shares - and derivatives of […]
Kosher king Aaron Rubashkin, a man of biblical mien, almost never grants interviews. To find him, you must journey deep into the heart of Brooklyn to 14th Avenue, in a neighborhood called Borough Park. There, amid a sea of bearded men in dark hats and yarmulkes sauntering past synagogues, kosher restaurants, and storefronts lettered in […]
Would the current financial crisis have been avoided if traders followed Jewish traditions embodied in the Bible and the Talmud? Two scholars from the Conservative and Orthodox branches of the Judaism are suggesting just that. They also conclude that the tradition prescribes significant regulation to begin to redress the debacle. That may not be so exotic […]
Rule 48 in Effect on NYSE; SEC Order on Short Selling to Expire on Wednesday Night, 8 Oct. Exchanges.NYSE.com
Oct 06, 2008 (BUSINESS WIRE) — American Eagle Outfitters, Inc. ”American Eagle Outfitters Will Announce September Sales on Wednesday, October 8th to avoid a conflict with Yom Kippur. ” more@MarketWatch.com
“If you eliminate short selling, you are saying that the only way you can make money is if a stock goes up,” the chief executive of Lightspeed Professional Trading, Stephen Ehrlich, said. “As a result, companies’ incentives to drive extra profitability might not be there.” Short selling, which is legal, is a useful way to hedge […]
Alan Greenspan usually surrounds his opinions with caveats and convoluted clauses. But ask his view of the government’s response to problems confronting mortgage giants Fannie Mae and Freddie Mac, and he offers one word: “Bad.”In a conversation this week, the former Federal Reserve chairman also said he expects that U.S. house prices, a key factor […]
