Author

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Markets

Oil close to $146

Edward Harrison
Oil tightened its squeeze on world economies today soaring to a new high of over $145 a barrel. Eurozone growth is also expected to take a further hit at lunchtime when the European Central Bank is expected to raise rates to curb…
Markets

Taylor Wimpey faces bankruptcy

Edward Harrison
Money Week points out the scenario for Taylor Wimpey, the UK house builder resulting from the top-of-the-market merger of Taylor Woodrow and George Wimpey, now that shareholders have rejected its rights offer:We've been saying you should…
Markets

The perp walks are on

Edward Harrison
I said last week that people were in the mood to get some of the dastardly perpetrators of this housing fiasco. Washington and law enforcement officials around the U.S. are listening to the anger of their constituents and acting by going…
Markets

Oil now over $144

Edward Harrison
After U.S. inventories reported a shock 2 million barrel draw, the price of oil rose above $144 to a new record.Crude oil futures rose to a record above $144 a barrel in New York after a U.S. government report showed an unexpected decline…
Markets

Ambac is going to zero fast

Edward Harrison
from Bloomberg News: Ambac Financial Group Inc., the world's second-biggest bond insurer, stopped trading on the New York Stock Exchange in a ``subpenny halt'' after its share price fell as low as $1.04. Ambac declined 3 cents, or 2.5…
Markets

Manhattan Q2 Apartment Sales down 22%

Edward Harrison
New York City has held pretty well in this housing downturn to date. However, with money center banks reeling from the credit crisis, this has changed. Bloomberg reports sales in Manhattan falling 22% in the second quarter of 2008. Sales…

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