Daily Archives: August 3, 2008

Ford (F) May Soon Be No.4 Car Company In US

FordNice guys finish last. Ford (F) is a fine example. After being the No.2 car company in the US fro decades, it will probably moving into the No. 4 spot behind Honda (HMC) sometime in the next few months.

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Posted on: August 3, 2008 – 2:30 pm in Uncategorized, , , ,

Alibaba Anxious To Buy Back Yahoo! (YHOO) Shares

Yahoo_logoYahoo! (YHOO) owns 39% of large Chinese online e-commerce operation Alibaba. Alibaba executives would like to exchange that stake for cash. Yahoo! could give that money to shareholders as a special dividend. It may be a bit late for that. Alibaba’s stock is down 62% this year. The situation is another example of bumbling by Yahoo! management.

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Posted on: August 3, 2008 – 6:30 am in Internet,

With Royal Bank Of Scotland (RBS) Facing Record Loss, US Banks To Follow

RbsAnalysts who think that money center banks are out of the woods, may want to look at the RBS results for the first half of 2008. According to The Times, "The Royal Bank of Scotland is poised to unveil the biggest loss in UK banking history after taking a hit of almost £6 billion from the credit crisis."

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Posted on: August 3, 2008 – 6:07 am in Banking,

AMR (AMR) And British Air May Be Closer To Link-Up

BaBritish Airways and AMR (AMR) may be closer to a deal which would allow them to operate their transatlantic businesses as one company. With AMR is deep financial trouble, and its stock down from a 52-week high of $26 to under $9, the arrangement could be a lift savor.

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Posted on: August 3, 2008 – 5:56 am in Airlines,

Xerox (XRX) Director Chuck Prince Shows Zip Support For Stock

Xerox_2In what was supposed to be a display of confidence, newly anointed Xerox director Chuck Prince, the man who came about as close to Citigroup as any mortal could have, has acquired 10,000 shares of his new company’s stock at a purchase price of a little more than $130,000.

That must be reassuring to shareholders! Chuck Prince walked away from Citigroup with a heinously undeserved $95 million and has now condescended to invest less than 1/730th at the company where he has been inexplicably given a role on the board of directors. Back when his appointment was first announced, I wrote that "If I were a Xerox shareholder, I’d be insulted."

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Posted on: August 3, 2008 – 5:02 am in Corporate Governance,