According to Reuters, Roche agreed to buy Genentech (DNA) for $46.8 billion. Reuters reports that the world economy is shrinking as the G20 meeting approaches. Reuters reports that US foreclosure filings were…
According to the head of the FDIC, a “bad bank” system could jumpstart the US economy. Reuters reports that some economists believe that the US economy will start to rebound in the…
China can afford to play a long-term game in its competition with Western governments and the industries that are considered strategic to their economies. China has already put money into huge metals…
Douglas A. McIntyre There was always a sweet bit of fiction in the notion that Ford (F) was so much better financially than GM (GM) or Chrysler that it could weather the global economic downturn…
According to Reuters, Ford (F) will launch a major financial restructuring. Reuters reports that the US is launching a $75 billion plan to help troubled holders of US mortgages. Reuters reports that…
Hyundai is now the most successful car company in the US and it has the numbers to prove it. It has come up with a way to sell cars to people who…
According to Reuters, Obama set out his goals in an address before Congress. Reuters reports that UAW leaders are urging members to vote for the new Ford (F) contract. Reuters reports that…
According to Reuters, JPMorgan (JPM) cuts its dividend. Reuters reports that AIG (AIG) got bids from Met Life and Axa for its life unit. Reuters says that healthcare spending is taking a…
Ford (F) has come to an agreement with the UAW which will cut the car company’s costs enough so that it can afford to pass on taking any money from the federal…
According to Reuters, Allan Stanford was found in Virginia. Reuters reports that the stimulus is unlikely to fix state problems. Reuters writes that US consumer prices probably moved up in January.
General Motors (GM) will not file Chapter 11. The government cannot afford to see a large portion of the job creation benefits of the stimulus package destroyed by having the big car…
GM (GM) and Ford (F) each used to have remarkably profitable European operations. A large part of their annual net income came from the region. Now, it looks like auto sales in…
GM (GM), Ford (F), and Chrysler better pick up the pace of their sales in China. It is about the only place where anyone is buying cars. China car sales slowed a…
GM (GM) is preparing to go through another round of layoffs. It has hopes, which are probably futile, that it can push out enough people, in addition to getting creditor concessions and…
Nissan hit the car industry with news that was worse than expected. It will not only post a very large loss for the year, it will cut 20,000 jobs. What is more…
