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米GMとクライスラー、合併協議を加速 貸し手銀行も強く支持
GM and Chrysler Step Up Talks Over a Combination (WSJ.com)
General Motors Corp. and Chrysler LLC are accelerating merger discussions amid strong support from potential lenders that are eager to see a deal done.
GM is set to report dismal third-quarter earnings in coming weeks and is scrambling to find new sources of funding, according to people familiar with the matter. That's spurring the auto maker to complete the deal as soon as the end of October, these people said.
Major banks that have long lent to both companies, such as J.P. Morgan Chase & Co., are also keen to do a deal to help reduce exposure to the auto ...
to accelerate merger discussions: 合併協議を加速させる
dismal third-quarter earnings: 悪い第３四半期決算
to be keen to do: ～することに乗り気である
米GM、「ハマー」ブランド売却交渉を本格化
GM Accelerates Effort to Find Buyer for Hummer (WSJ.com)
General Motors Corp. has kicked off formal talks with potential buyers for its struggling Hummer sport-utility-vehicle division, even as it engages in negotiations to merge with Chrysler LLC.
A Hummer spokeswoman said the auto maker has begun sending out a sale prospectus for Hummer, but she declined to comment on GM's timetable for selling the brand and its potential price tag. Jim Taylor, Hummer's new chief executive, will head negotiations with interested parties.
A sale of Hummer would bring GM some much-needed cash. Because the company is losing money and facing an economic downturn, analysts believe it could run short ...
potential buyer: 身売り先候補
even as: ～と同時に
prospectus: 目論見書
米住宅問題、商用不動産が危険水域に
End of the Office Party Is Coming (WSJ.com)
The next shoe? After years of plunging residential property valuations, commercial real estate is heading into the danger zone as office vacancies rise, stores close and hotel bookings fall.
This could mean another body blow to already struggling financial institutions. Alan Todd, head of research on commercial-mortgage-backed bonds at J.P. Morgan Securities, projects commercial-property losses of as much as $250 billion over the next 10 years, or about 7% of the $3.4 trillion outstanding debt. That would rival the roughly 9% cumulative loss rate during the real-estate carnage of the early 1990s.
...
commercial real estate: 商用不動産
office vacancies: オフィス空室
これって現金バブル？ バフェット氏は株を買う
Before You Rush Into Cash… (WSJ.com)
A rogue question: Are we now in a cash, or CD, "bubble"?
I know it sounds ridiculous. But so many investors have dumped everything else and stampeded into federally guaranteed certificates of deposits, no matter what the interest rate.
"Today people who hold cash equivalents feel comfortable," he (Warren Buffett) warns in the New York Times. "They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value."
Buffett says he is buying stocks. And no wonder.
to stampede into: ～に殺到する
to depreciate in value: 減価する
no wonder: 疑問の余地がない
世界の信用市場、解凍の兆候 米大手銀が欧州銀への貸し付けを実施
Bank Lending Overseas Provides Thawing Sign (WSJ.com)
A group of large U.S. banks began lending billions of dollars to some European counterparts Friday, a sign of thawing in the long-shuttered global credit markets.
The move is expected to help bring down next week the widely referenced London interbank offered rate, or Libor, which could in turn lower interest rates on corporate loans and home mortgages. Those rates had spiked over the past month, as banks grew increasingly wary of lending to one another.
Friday morning, J.P. Morgan Chase & Co. lent out between $10 billion and $15 billion in short-term funds to overseas peers at interest rates ...
to thaw: 解ける
オランダ金融大手INGの７－９月期、純損失５億ユーロの見込み
ING Confirms Capital Position, Sees Loss (WSJ.com)
AMSTERDAM -- Dutch bank and insurance company ING Groep NV said Friday that deepening market turmoil in the third quarter generated impairments and negative fair-value changes that would lead it to book a net loss of around 500 million euros ($672 million) for the period.
ING made a net profit of 2.31 billion euros in the third quarter last year, helped partly by gains made from shares it sold in ABN Amro.
The figures were released in a statement aimed at calming market worries that ING might need to seek support from the Dutch State. ING said that its Tier 1 ratio was above its targeted 8.5%, while Core Tier 1 stood at 6.5% at the end of September.
impairment: 減損
Tier 1 ratio: TIER１比率、（資本金、剰余金等により構成される基本的項目）TIER１を分子として計算された自己資本比率
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