A disorderly default of Greece would cost one trillion euros as contagion would spread sovereign debt problems to Spain and Italy, the Institute of International Finance says. (Reuters) AIG (NYSE: AIG) raises…
AIG (NYSE: AIG) continues to try to pay back the $182 billion bailout that it received from the federal government, which means from the taxpayers. It announced another stage in the process. It…
AIG (NYSE: AIG) to sell more than $6 billion in shares in its AIA unit to pay back government loans. (Reuters) Jaguar Land Rover and Chery plan a joint venture in China…
Anheuser-Busch InBev NV may buy China’s Kingway Brewery Holdings’ assets. (Reuters) The Department of Justice is expected to widen its probe of mortgage-backed securities. (Reuters) AT&T (NYSE: T) sets new standards that will impose penalties…
The still-sputtering economy which continues to be undermined by high unemployment and low home prices has not arrested a tremendous revival of car sales. In 2008 and 2009, national sales barely averaged 10…
With gasoline prices inching closer to $4 and even $5 a gallon, more Americans will make high gas mileage a priority when they buy their next car. The good news is that…
February car sales in the U.S. will be at multimonth highs and the annual sales run rate will be 14 million. Chrylser has already announced a 40% improvement. That is still well…
Statements by Bernanke about the uneven economy push stocks down. (Reuters) Chinese factory activity grows more than expected in February. (Reuters) Facebook sets new advertising tools for major marketers ahead of its…
General Motors Co. (NYSE: GM) has just announced the creation of a “long-term and broad-scale global strategic alliance” with PSA Peugeot Citroën. The creation aims to leverage the combined strengths and capabilities…
Jon C. Ogg Apple (NASDAQ: AAPL) to launch a new iPad next week. (Reuters) Blackstone (NYSE: BX) says CEO Stephen Schwarzman made $213 million last year. (Reuters) The Justice Department is looking at whether banks…
The recent history of the results of car company mergers is mixed. Renault and Nissan virtually merged in 1999 and share Carlos Ghosn as their CEO. There is no compelling evidence that the…
Yahoo! (NASDAQ: YHOO) threatens a patent suit against Facebook, citing a number of violations. (Reuters) TransCanada (NYSE: TRP) cuts the length of its Keystone XL pipeline in the hopes of finishing some…
The Chinese government over the weekend issued a rule requiring government officials to buy only Chinese-branded cars. The rule is intended to help support the country’s automakers who have seen sales fall…
The U.S. Postal Service has begun a cost-cutting process meant to save it $10.5 billion between now and 2015. The first tranche is a consolidation or shuttering of 223 locations. The effect of the…
A panel suggests that Vivus diet drug Qnexa be approved by the FDA. (Reuters) Japan may cut crude oil imports from Iran by 20%. (Reuters) Poor results cause shares of Hewlett-Packard (NYSE: HPQ)…
