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Daily Archives: June 6, 2008

GM (GM): We Have Made Our Bed, But Will Not Sleep In It

Posted: June 6, 2008 at 5:30 am

There was nothing wrong with relying heavily on pick-ups and SUVs for the bulk of GM's (GM) sales. That is what CEO Rick Wagoner told the FT. The fact that ...
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Credit Problems Hit Europe Banks Harder Than US Counterparts

Posted: June 6, 2008 at 5:20 am

The bankers in Europe are bigger suckers than the bankers in the US. At least that is what the FT claims. It says "Of the $387bn in credit losses that ...
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Detroit Bloodbath Improves Productivity (GM)(TM)

Posted: June 6, 2008 at 5:12 am

Tautology has raised it ugly head in Detroit where car company executives insist that the more people they fire, the more productive they become. So they fire more people each ...
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Sovereign Funds Plan To Invade US Companies

Posted: June 6, 2008 at 4:57 am

Someone, or some entity, may have to sack the sovereign funds from the Middle East and Asia before they take over the Fortune 500. According to The Wall Street Journal ...
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AIG (AIG): Betters Earnings Through Lying?

Posted: June 6, 2008 at 4:39 am

It is beginning to look like the Feds think AIG (AIG) may have misled investors when it valued some of the securities it held. Is it OK to cover-up earnings ...
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Shorts Sellers Look For Sharp Sell-Off In Financials (WM)(WFC)(WB)(FNM)(AIG)

Posted: June 6, 2008 at 3:08 am

Short sellers sharply increased their bets against big US banks based on data from the NYSE as of May 30. The number compare with those onMay 15.Short interest in Washington ...
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Media Digest 6/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 6, 2008 at 2:52 am

According to Reuters, a survey of sovereign wealth funds found concerns about their investment is overblown.Reuters reports that Verizon Wireless (VZ)(VOD) will buy Alltel for over $28 billion. Reuters reports ...
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Asia Markets 6/6/2008 (SNE)(LFC)(SNP)

Posted: June 6, 2008 at 2:26 am

Markets in Asia were mostly higherThe Nikkei rose 1% to 14,489. Sony (SNE) rose 1.1% to 5480. Yahoo Japan fell 1.5% to 44200.The Hang Seng rose .8% to 24,446. China ...
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