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米住宅貸付抵当公社フレディマックの４－６月期、最終赤字８億2100万ドル 配当削減へ
Freddie Mac Loses $821 Million and Cuts Dividend (NYTimes.com)
Freddie Mac, the nation’s second-largest mortgage finance giant, reported its fourth consecutive quarterly loss on Wednesday and said it would cut its dividend as it struggled through a housing crisis that has cost Wall Street tens of billions of dollars so far.
The company revealed $2.5 billion in credit losses associated with increased delinquency and foreclosure rates, and said the value of its portfolio of mortgage-backed securities had declined by $1 billion. In a conference call with analysts, executives indicated that they expect those losses to increase.
Freddie Mac reiterated that it would raise at least $5.5 billion from investors, fulfilling a promise made earlier this year to regulators and federal officials. However, the cost of raising those funds has skyrocketed as the share price has declined, raising some skepticism among analysts. The company’s entire worth as measured by the stock market was $4.4 billion as of Wednesday morning.
delinquency and foreclosure rates: 住宅ローン延滞・差し押さえ件数の割合
to reiterate: ～をあらためて表明する
世界金融大手、金融リスク回避の枠組みを提唱
Big banks seek to limit their own risks (FT.com)
Many of the world’s biggest banks are proposing reforms that would limit the size and scope of their businesses in one of the most dramatic responses to the credit crisis.
The proposals would hold down the number of investors who can buy complex financial products, bring large swathes of the derivatives markets into regulators’ sights and call on banks to spend more on technology and risk management.
size and scope of: ～の規模・範囲
complex financial product: 複雑な金融商品
derivatives market: 金融派生商品市場
米タイムワーナーの４－６月期、純利益26％減 AOLの減益響く
AOL Weighs on Time Warner's Net; Time Warner Cable Cuts Outlook (WSJ.com)
Time Warner Inc. posted a 26% decrease in second-quarter net income amid shrinking profits at its AOL unit. Time Warner Cable Inc. said earnings rose 1.8% as subscribership continued to rise but the firm cut its full-year profit target.
Time Warner also confirmed it will separate American Online's advertising and subscribership operations as it looks into the possibility of shedding one or both of the parts.
The media giant reported net income of $792 million, or 22 cents a share, down from $1.07 billion, or 28 cents a share, in the prior year. The most recent quarter includes two cents ...
subscribership: 加入者数
advertising and subscribership operations: 広告・ネット接続事業
米投資ファンドのブラックストーン、最終赤字１億5650万ドル 金融市場の混乱響く
Blackstone Swings to a Loss Amid Roiled Credit Markets (WSJ.com)
Blackstone Group LP swung to an unexpected second-quarter loss as the private-equity giant struggled with current market conditions.
But Chief Executive Stephen A. Schwarzman said, "The company's balance sheet "remains strong and we are extremely well positioned in the current environment."
Blackstone posted a net loss of $156.5 million, or 60 cents a share, compared with prior-year net income of $774.4 million, or 20 cents a share. Earnings excluding compensation costs related to the company's 2007 initial public offering fell to 15 cents from 58 cents.
roiled credit market: 混乱する金融市場
private-equity giant: ＰＥファンド大手
米グーグル、中国で無料音楽検索サービスを展開
Google Starts Free Music-Search Service in China (WSJ.com)
BEIJING -- After months of negotiations with music companies, Google Inc. has launched a free music-search service in China.
Internet users in China can search for songs by singer, song or album title on Google's search page and then download licensed music files for free.
The service will be supported by advertising revenue, which will be split between Google, the music companies and a Chinese music company called Top100.cn, Google announced Tuesday.
to search for a song by: ～で曲名を検索する
スイス資源大手エクストラータ、英プラチナ大手ロンミンに97億8000万ドル買収提案
Xstrata Makes $9.78 Billion Offer To Buy Platinum Producer Lonmin (WSJ.com)
LONDON -- Anglo-Swiss miner Xstrata PLC Wednesday said it was offering £5 billion ($9.78 billion) in an unsoliticed takeover bid for Lonmin PLC, the world's third-largest primary producer of platinum.
If successful, the acquisition would transform Xstrata into a top-tier producer of the precious metal at a time when platinum miners have been struggling to maintain production amid South African power shortages, labor disputes and safety issues.
Lonmin, whose shares opened almost 49% higher on the news, said the bid is an "opportunistic and entirely unwelcome attempt to acquire Lonmin at a price ...
unsoliticed takeover bid for: ～に対する敵対的買収提案
precious metal: 希少金属
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