GM (GM) is getting close to a deal with the UAW which will allow the auto company to lower its annual expenses by $1 billion. It will also lead to the layoffs…
Douglas A. McIntyre Reuters SEC employees are under investigation for insider trading Reuters Treasury has approved several insurance companies for receiving TARP funds Reuters GM (GM) is close to a deal with the UAW. Reuters Bank…
Reuters Obama hopes to have healthcare bill by July Reuters Documents on Paulson’s meetings with banks forcing them to take TARP have been released Reuters Banks sued MBIA (MBI) over its $5 billion…
It was just yesterday that shares of General Motors Corporation (NYSE: GM) went to the lowest price since 1933. Shares were around $1.15 on that alert. It has become even worse. Shares…
Douglas A. McIntyre Reuters : Intel (INTC) said its results are running better than expected. Reuters : The government is looking at a pay overhaul in the financial sector. Reuters: Economic woes are hurting the…
Forget about 52-week lows. General Motors Corp. (NYSE: GM) is trading at what looks to be the lowest levels since April or May of 1933. There has not been fresh news from…
Douglas A. McIntyre According to Reuters, Bernanke says he was encouraged by the stress tests. Reuters reports that GM (GM) will probably exit the Dow. Reuters writes that Bank of America (BAC) will probably sell…
In the right hands, big turnarounds do happen. By Mark Gimein of The Big Money Once upon a time, there was a car company that was one of the world’s sickest. Its…
Douglas A. McIntyre As the government tries to dig the economy out of recession, the Administration is beginning to see that some of its stimulus packages are beginning to compete with one another. Congress and…
Douglas A. McIntyre According to Reuters, Obama says his healthcare programs will save billions. Reuters reports that AIG (AIG) expects a long restructuring process. Reuters writes that Soros says the economic downturn trend is easing.…
According to Reuters, stress tests results will force ten banks to have to raise nearly $75 billion. Reuters reports that Toyota (TM) lost $6.9 billion and warned of more losses ahead. Reuters…
GM (GM) lost money in the last quarter, a total of $6 billion. That it only lost that much is a testament to its successful cost control work. The company’s revenue dropped…
Douglas A. McIntyre According to Reuters, GM (GM) is expected to post huge losses ahead of decisions about whether it will go into Chapter 11. Reuters reports that Obama is seeking budget savings due to…
It appears that the creditors at Chrysler and GM (GM) may be running out of luck and time to get what they think is a reasonable payments for their investments. A federal…
Douglas A. McIntyre According to Reuters, Bank of America (BAC) will have to raise billions of dollars. Reuters reports that a judge has approved a quick auction of Chrysler assets over the objections of creditors.…
