GM’s (GM) shares are up almost 15% to over $3.25 on new hope and old rumors that the government will bailout the company. Both Obama and a number of members of Congress…
Douglas A. McIntyre Short sellers are still betting that financial shares will fall but they have boldly moved into shares of companies which are considered healthy, those with both good balance sheets and relatively strong…
General Growth Properties (GGP) Concerns about bankruptcy. Falls to $.33 from 52-week high of $51.24. Genworth (GNW) Moody’s downgrade causes shares to plunge to $1.19 from 52-week high of $28.21. Tyson Foods…
JPMorgan likes GM’s (GM) bonds. On the surface what is not to like? According to Reuters, "GM’s benchmark 8.375 percent bond due 2033 has dropped to 25.75 cents on the dollar, from…
Douglas A. McIntyre By John Tamny of RealClearMarkets Ludwig Von Mises once wrote that the entrepreneur who fails to use his capital to the "best possible satisfaction of consumers" is "relegated to a place in…
Douglas A. McIntyre According to Reuters, a weakening economy in China and poor US earnings are causing concern that the recession will be deep and long. Reuters writes that Vodafone (VOD) cuts its full-year revenue…
GM (GM) plunges on concerns about Chapter 11. Falls to $3.02 from 52-week high of $32.80. Citigroup (C) get caught in fears that big financials will have to raise more money. Sells…
Circuit City (CC) and GM (GM) have effectively proved a point about the current economy and credit markets. Without substantial positive cash flow and operating earnings, raising money is nearly impossible. Corporations…
General Motors Corporation (NYSE: GM) has been an ugly stock, in an ugly sector, in an ugly economy. Bailout or no bailout, things are looking haggard and questionable at the auto giant. …
IBM (IBM) will pay about $4 billion in taxes this year. Procter & Gamble (PG) will pay closer to $6 billion. If GM (GM) is losing $1 billion a month, the income…
According to Reuters, China announced an economic stimulus package of almost $600 billion. Reuters reports that AIG (AIG) is about to get a new bailout from the US government which will be…
GM (GM) released earnings and, in the process, the company made it clear that it may not make it to the middle of next year without help. "Even if GM implements the…
Douglas A. McIntyre Trading in GM’s (GM) shares was halted just before earnings came out. They may want to keep trading on hold for a year or two and keep the stock from going to…
Douglas A. McIntyre GM (GM), Ford (F), and Chrysler managements are shuttling in and out of Washington trying to get both the people leaving and the people coming in to lend them $30 billion or…
According to Reuters, the government is set to announced the country’s tenth straight month of jobs losses. Reuters reports that Chrysler is burning through it cash quickly and the company may have…
