The short interest in most financial and industrial companies rose sharply for the period ending June 30. Shares sold short in Washington Mutrual (WM) rose 21.6 million to 276.4 million. Short interest…
According to Reuters, large Yahoo! (YHOO) shareholder Legg Mason said Carl Icahn’s bid would have more support if he guaranteed he would not sell the company for less than $33. Reuters writes…
GM (GM) will try to save itself again. It may be too late. The company may already be in hospice The nation’s largest car company is considering dumping thousand of white collar…
Douglas A. McIntyre According to Reuters, NBC Universal and partners will by The Weather Channel for $3.5 billion. Reuters writes that Toyota (TM) will add solar panels to some of its Prius cars. Reuters writes…
There were two ghastly research calls this week from separate firms on separate companies. While one is more severe than the other, these two analyst downgrades are essentially a tie for the…
BMW has the Mini Cooper. Now GM (GM) plans to bring its own brand of mini into the US. GM will probably import its Chevrolet Beat to America to offer a car…
Douglas A. McIntyre The distance from Detroit to Dallas is about 1,200 miles, but the two towns might as well be twin cities. Yesterday, a prediction that GM (GM) could go bankrupt set off panic…
GM (GM) falls as issue of Chapter 11 is raised. Drops to $10 from 52-week high of $43.20. Circuit City (CC) drops as Blockbuster (BBI) withdraws bid. Plummets to $2.10 from 52-week…
Merrill Lynch has said what many people already believe. One of the large US car companies could go into bankruptcy. Merrill’s comments target GM (GM). The brokerage’s analysis is that the biggest…
These are not anywhere near all of the research upgrades & downgrades we are seeing, but here are ten of the impacting calls we have seen so far in early trading today:…
The theory goes that if 1,000 monkeys typed for 1,000 years, one of them could recreate the work of William Shakespeare. It is a bit like that in the GM (GM) executive…
According to Reuters, US car sales hit a 15 year low. Reuters writes that Paulson said the US is facing a tough Q2. Reuters reports that Starbucks (SBUX) will close 600 stores…
The June numbers for domestic vehicles sales were worse than expected. Most of the car companies posted 30% or greater declines in light truck and SUV units. For Ford (F), total units…
It has been over a year since hedge fund Cerberus bought Chrysler and installed Home Depot (HD) pariah Robert Nardelli as the car company’s unlikely CEO. Cerberus coughed up $7.4 billion for…
On Tuesday, it won’t just be the first day of the month nor just the first day of the quarter. It is yet another reporting day for new car and truck sales…
