4:22am ET
Investing
GM (GM) Rolls Snake Eyes
So much for the plan that GM (GM) would get loot from the Federal Reserve to buy Chrysler. Sources say that the administration will no not put cash into an auto rescue…
Companies
/Consumer Cyclical
General Motors Company
$85.62
▼ $0.50 (−0.58%) today
Markets closed · 4:34pm ET
GM Coverage
Page 2032:48am ET
Media
Media Digest 10/21/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the economy contracted in the third quarter as consumer spending dropped sharply. Reuters writes that Fidelity Magellan Fund bought shares in big banks in September including Bank of America…
7:00pm ET
Economy
A Prairie Fire Of Layoffs (MOT)(LM)(AB)(GS)(TWX)(GCI)(YHOO)(GM)(AXP)(ERTS)(WHR)
Many of the layoff announcements which came over the last several days were as unexpected as they were large. If a recession is measured by the rapidity and breadth of job losses…
5:31am ET
Cars and Drivers
The Car Business Gets Excellent Again (GM)(F)(TM)
It has only taken a week for the global auto business to rebound from one of its worst periods in decades. GM (GM) is close to a deal to buy Chrysler. The…
2:51am ET
Media
Media Digest 10/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, investors and banks are in a struggle over whether financial companies should be able to change the way they value assets under accounting rules. Reuters writes that improvements in…
12:03pm ET
Cars and Drivers
GM (GM) Up 9% On Merger Rumors
GM (GM) shares are up 9% on rumors that all major issues needed to set up a merger with Chrysler have been worked out with Cerberus which owns a majority of the…
Douglas A. McIntyre 8:05am ET
Cars and Drivers
Even Asia Is Weak For GM (GM)
It has been clear for some time that GM’s (GM) sales in the US and Europe have been poor and are likely to stay that way. The company said that in the…
Douglas A. McIntyre 2:47am ET
Media
Media Digest 10/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, global stocks rose on possible rate cuts but the economic outlook is grim. Reuters reports that the Fed is expected to cut rates with Japan likely to follow. Reuters…
6:35am ET
Cars and Drivers
VW: Largest Market Cap In The World (TM)(F)(GM)(XOM)
In a sign that the car industry is alive and well, the market cap of VW passed Exxon (XOM) to move it into first place worldwide. According to Bloomberg, the stock rose…
2:46am ET
Media
Media Digest 10/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, GM (GM) and Chrysler have asked the government for $10 billion to close their merger. Reuters reports that Boeing (BA) and its machinists have entered into a tentative labor…
2:53am ET
Media
Media Digest 10/27/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the Korean central bank made record rate cuts. Reuters reports that the G7 said the rising yen may be a threat to financial markets. Reuters writes that Hungary and…
7:05pm ET
Cars and Drivers
As Porsche Takes Over VW, Big Three Find An Acquirer
Porsche is not a very big car company, but it has had some special rights to buy a significant amount of equity in the largest car company in Europe–VW. The VW management…
5:10am ET
Banking, finance, and taxes
Bailout Moves Toward $2 Trillion
There is an “official” government bailout number. That is the $700 billion Congress gave to Henry Paulson to hand out as he pleases. Most of it will go into buying equity in…
2:54am ET
Media
Media Digest 10/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Greenspan said he was shocked by the credit meltdown. Reuters reports that the value of Bear Stearns $30 billion mortgage portfolio fell 9%. Reuters writes that Asia and Europe…
3:01am ET
Media
Media Digest 10/23/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, former Citigroup (C) CEO Sandy Weill may start a fund to invest in distressed financial companies. Reuters writes that Amazon (AMZN) turned in a weak forecast hurting its stock.…