- Ford announced an $8.7 billion loss for the second quarter—its worse ever—and an $8 billion write-down. [NYT]
- Daimler AG's profits fell 25 percent and the company slashed its forecast for the year. [Bloomberg]
- Credit Suisse announced better-than-expected earnings for the second quarter. [Bloomberg]
- The head of Microsoft's online division, Kevin Johnson, is leaving the company to become chief of Juniper Networks. [WSJ]
- Gary Crittenden, Citigroup's CFO, says the company has no plans to break itself up. [Dealbook]
- Goldman has raised a new $10 billion fund. [NYT]
- Linens 'n Things, which was taken private by Leon Black's Apollo Management in 2005 and which went bankrupt in May, may be forced to liquidate. [NYP]
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Finance
Street Talk
- Posted at 9:01AM on Jul 24, 2008
Email- Filed Under: Apollo Management, Citigroup, Credit Suisse, Daimler AG, Ford Motor Company, Goldman Sachs, Juniper Networks, Leon Black, Linens 'n Things, Microsoft
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