Chrysler LLC is planning to shut down the entire company for two weeks this summer as a cost saving move to accelerate Chrysler’s recovery and transformation. Chief Executive Robert Nardelli sent employees a memo,…
S&P has issued a report today noting that the subprime writedowns could reach $285 Billion, which is higher than the $265 Billion it noted before. But there is a silver lining to the report…
The wheels finally came off in Detroit. GM (NYSE: GM) is down 8% to $19.13, a new 52-week low. The stock bounced around that level in late 2005 and early 2006 when there were…
Salient Surgical Technologies, Inc. has filed to come public via an initial public offering and has applied to trade on the NASDAQ under the ticker "SLNT." The company lists that it will sell up…
Doug Freedman at American Technology Research has issued a call in the PC and memory sector this morning. The firm notes that the March quarter is tracking in-line with normal seasonality for most parts…
BHG ACQUISITION CORP., another special purpose acquisition company, or SPAC, has filed to come public via an IPO. It plans to sell some 35 million units for $10.00 per unit, with each unit representing…
Neutral Tandem, Inc. (NASDAQ: TNDM) has filed to sell 4.5 million shares of stock in a secondary offering this morning via underwriter Morgan Stanley. The use of proceeds is zero for all practical purposes…
Yesterday we saw the annual report out of General Electric Co. (NYSE: GE), along with the letter from CEO Jeff Immelt. While we noted many issues that were broken down by segment with recent…
LDK Solar Co., Ltd. (NYSE: LDK) came out with projections showing thats backlog for its solar wafer capacity is fully booked for 2008 and more than 90% booked for 2009. The company confirmed that…
These are not the only analyst calls this morning, but these are 10 impact calls we are reviewing this Thursday morning: American International Group (NYSE: AIG) Cut To Equal-weight at Morgan Stanley. AstraZeneca (NYSE:…
Markets in Europe were off sharply at 6.30 AM New York time. The FTSE fell 2% to 5,662. Barclays (BCS) fell 3.9% to 443. British Air fell 5.5% to 229.25. Rio Tinto (RTP) fell…
DirecTV (NYSE: DTV) has hundreds of channels and can offer high-definition programming, but, because satellite signals do not work two-way, getting into the "on demand" business has been impossible. That has given an edge…
Target (NYSE: TGT) has a huge credit card business. In the current economy, that may not be perfect positioning. The value of the portfolio at the unit is $8 billion. A financial buyer may…
Electronic Arts (NASDAQ: EA) is not going to wait any longer for Take-Two (NASDAQ: TTWO) to put off the larger company’s $26 a share offer. Take-Two claims it is looking for a better deal,…
Home facing foreclosure rose 60% in February compared with numbers from the same period last year. "A total of 223,651 homes across the nation received at least one notice from lenders last month related…
Google’s (NASDAQ: GOOG) shares are trading at $440, down from a 52-week high of just over $747. Investors are worried that its highly lucrative text-based search ad business is slowing with the economy. Google…
Toyota (NYSE: TM) says it expects car sales in North America to stay about the same as they were in 2007. That would man around 16 million units sold. "I believe U.S. economic fundamentals…
Carlyle Capital, part of private equity firm Carlyle Group, cannot reach a deal with its lenders to stay open. It now appears almost certain that those lenders will seize the fund’s assets and sell…
According to Reuters, Paulson will try to tighten rules at the state and federal levels to tighten mortgage standards. Reuters writes that Carlyle Capital was unable to reach a deal with it lenders, setting…
Markets in Asia fell sharply The Nikkei was off 3.3% to 12,433. Honda (HMC) was off 4.2% to 2940. Mazda was off 5.8% to 377. The Hang Seng was down 4.1% to 22,458. China…