Lee Iacocca, Chrysler’s CEO in 1979, worked for $1 a year while his company paid back taxpayers $1.2 billion in loan guarantees. Edward Liddy, former CEO of Allstate (ALL), was paid $1…
Reuters: Toyota (TM) told regulators it is looking at how to fix 1.2 million Corollas. Reuters: A Chinese export body said a rise in the yuan would be destructive. Reuters: China Mobile’s…
A look at the “hardest working” major brands for 2009 shows that a number of them belong to companies which have done poorly and, in at least one case, may file Chapter…
Updated throughout today. Employees may sue AIG (AIG) after getting less in bonus that their employment agreements called for (NYT). Michael Jackson’s estate signed a $200 million deal with Sony (SNE). Google…
Reuters: The Fed is likely to keep interest rates low for some time. Reuters: China said the yuan in not behind the US trade gap. Reuters: A record number of Chinese are…
The video game industry had another rough outing in February as revenue fell 15% from last year. Total sales of games and consoles totaled $1.26 billion in the US. Microsoft (MSFT) and…
Markets in Asia were slightly higher. The Nikkei rose 1% to 10,685. Sony (SNE) moved higher. The Hang Seng was up .1% to 21,228. The Shanghai Composite was up .6% to 3,051.…
Douglas A. McIntyre Reuters: Democrats may miss their goal to vote on healthcare reform. Reuters: China exports rose 46% in February. Reuters: China’s Geely raised money to buy Volvo. Reuters: Strong Chinese trade data made…
Reuters: Toyota (TM) said it found no electronic safety problems with its cars. Reuters: China said it was committed to US debt but worried about gold. Reuters: Japanese car companies are studying…
Reuters: The House passed the $15 billion jobs bill. Reuters: China will slow government stimulus spending. Reuters: Toyota (TM) said there is no evidence of unintended acceleration in fixed cars.
Markets in Asia were higher. The Nikkei rose 2% to 10,348. Sony (SNE) rose sharply. The Hang Seng was up .6% and the Shanghai Composite rose .1%. Data from MarketWatch. Douglas A.…
Douglas A. McIntyre The Holy Grail of consumer electronics devices is one that would combine the best features of the Apple (AAPL) iPad, iPod, and iPhone. Sony (SNE) means to introduce products to challenge the…
Reuters: GM will recall 1.3 million cars for steering problems. Reuters: China would like one price for iron ore to cut commodity speculation. Reuters: Two software services will help telcos as they…
Most of the press Nintendo, the world’s No.1 video game console company, gets is for its Wii machine which has kept a lead in unit sales over the Microsoft (MSFT) Xbox 360 and Sony…
Toyota (TM) should never have had a chance to be the No.1 car company in the world. It began as one of the small corporations built during the industrialization of post-WWII Japan. It…
