Oh I've been shorting this company for some time. My view is that only three parts of the business (insurance, the residential management unit and the property maintenance division) look likely to be spun out. The rest is toast.
Americas 4th largest bank needing $8bn of emergency funding today. UK manufacturers are seeing costs rising by a record 20.4 per cent in March (factory gate prices hit at 17-year high). Philips followed GE from last week in announcing a slump in profits this morning (28%).
It doesn't matter if you are selling money, making widgets or designing white goods - all sectors of the economy are suffering. The airline sector just can't escape this.
WWW