Ford (F), GM (GM), and Chrysler have continued to maintain the hope that car sales will turn in the second half of the year. Since they have been falling by double digits…
According to Reuters, AIG (AIG) lost $7.8 billion in the last quarter and will have to raise money. Reuters reports that Google says it will have revenue enhancing products for YouTube soon.…
According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper to Blackrock. Reuters writes that Bernanke says that high foreclosure rates are…
Owning one of those new cars that runs on ethanol or electricity may be more expensive than the old-school gas versions, even if petrol stays at $3.50 a gallon. The math wizards…
April sales at GM (GM) fell 16.2% to 257,638. Adjusted for two extra selling days sales dropped 22.7% led by a 32 percent decline in truck sales. Reuters reports that iInventory fell…
Detroit is now viewed as a metaphor for the car industry in the US, even if GM (GM) and Ford (F) are the only public companies based there. For purposes of domestic…
According to Reuters, bank analysts are concerned that Citigroup’s (C) decision to raise money signals more trouble ahead for banks. Reuters reports that Starbucks (SBUX) will sharply cut the number of stories…
GM (GM) revised its outlook for US car sales in 2008 down to 15 million. But, results moved the shares up 5%. GM revenue dropped less than 1% to $42.7 billion. Auto…
Douglas A. McIntyre According to Reuters, the Fed will probably cut rates and them pause for some time Reuters writes that senior financiers see the current economic situation as a recession on Main Street and …
Ford’s stock has gone through a series of spasms the last few days. First the company said it has made $100 million. Almost no one expected that and the stock rose sharply.…
According to Reuters, Cadbury is looking at buying Hershey. Reuters writes that banks being sued by Clear Channel (CCU) have asked for a delay of a Texas trial. Reuters reports that share…
The shell game of controlling gas and diesel prices in China is not terribly clever, but it has worked. The government and the oil & refinery companies which it controls buy crude…
The tendency among buyers of auto stocks is to look at falling expenses at the big firms like GM (GM) and Ford (F) and to hope that unit sales in the US…
Acording to Reuters profits at Apple (AAPL) rose but Wall St. did not like margins. Reuters reports that Starbucks (SBUX) cut its outlook due to the housing crisis. Reuters writes that Amazon’s…
The mid-month reports on short interest in NYSE shares showed that many short sellers moved out of big financial stocks but made large bets against airlines and auto companies. With the prices…
