At the annual United Nations sessions on climate issues in Cancun, US energy secretary Steven Chu predicted that electric vehicles powered by batteries will be able to compete more effectively with petroleum-burning…
The Dow Jones Industrial Average (also called The Dow, Dow 30 and the DJIA) is what most Americans think of as the “stock market.” The widely followed benchmark of 30 American stocks,…
Pfizer’s (NYSE: PFE) CEO Jeff Kindler resigned because he was tired, he says. “The combination of meeting the requirements of our many stakeholders around the world and the 24/7 nature of my…
Eurozone leaders have pressed Portugal to take financial aid. (Financial Times Deutschland) KKR and other private equity interests will by Del Monte for $4 billion. (Reuters) Genzyme (NASDAQ: GENZ) may be open…
General Motors Corporation (NYSE: GM) may have been one of the top IPOs of American history. It was also one of the biggest bankruptcies in American history. S&P Equity Research has decided…
German automaker Volkswagen AG (OTC: VLKAY) doesn’t exactly say that it wants to be the world’s largest carmaker. Instead it says that it plans “to make Volkswagen the world’s most future-proof automotive…
Government Motors is now back to being General Motors (NYSE: GM). The taxpayer will start to recollect some of the bailout money, although shares would have to be far far higher for…
These are some of this Thursday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Abbott Laboratories (NYSE: ABT) Cut to Market Perform at Bernstein. Alcatel-Lucent (NYSE: ALU) Cut…
The GM IPO will be the largest eve.r (Reuters) Regulators indicated banks may face large write-offs on mortgages. (Reuters) Demand for the Chevy Volt has risen quickly. (Reuters) Toyota (NYSE: TM) expected…
The new performance scorecard from Truecar.com which it describes as how it “measures the overall performance of a brand or manufacturer based on pricing, sales, incentives, customer loyalty, market share, and inventory…
GM has increased the price per share of its IPO from about $26 to nearly $33 and ratcheted up the number of shares it will offer by 30% to 478 million shares,…
Irrelevant CNBC has reported that GM will not allocate any shares in its IPO for customers of Charles Schwab (NASDAQ: SCHW), TDAmeritrade (NASDAQ: AMTD), and E*Trade (NASDAQ: EFTC). That means retail investors…
Short sellers moved into the shares of large financial firms, perhaps sensing the effects of new regulation and an exit from proprietary trading businesses. The short interest in Citigroup (NYSE: C) rose…
Chrysler still bleeds money based on its third quarter earnings release. The numbers stand in contrast to recent profits reported by GM, Ford Motor (NYSE: F), and Toyota (NYSE: TM). The figures…
Toyota Motor (NYSE: TM) announced its earnings for the quarter that ended September 30, and they were impressive. The company damaged its reputation due to millions of recalls and the recent value…
