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…
According to Reuters, global companies may start to issue profit warnings as business slows overseas. Reuters reports that InBev is sticking to it offer to buy Anheuser-Bush (BUD). Reuters reports that Chrysler…
Lehman (LEH) falls on rumors of sale to Barclays (BCS). Down to $19.64 from 52-week high of $76.99. Ambac (ABK) drops on more concerns it will need additional capital. Sells off to…
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…
According to Reuters, M&A activity is down sharply. Reuters writes that Anheuser-Busch (BUD) turned down an offer from InBeve. Reuters reports that Yahoo! (YHOO) has realigned its senion management Reuters reports that…
According to Reuters, Anheuser-Busch (BUD) will reject a $46.3 billion buy-out from InBev. Reuters writes that Oracle (ORCL) posted strong earnings but its outlook was light. Reuters reports that RIM (RIMM) has…
What about the idea that The Ford Motor Company (F) will never make money in North America again? Ford told Wall St for the second time in as many months that things…
Douglas A. McIntyre Ford (F) management believes that Kirk Kerkorian and his mob of friends are hanging around the car company because they think CEO Alan Mulally is doing a fine job. Ford may want…
Douglas A. McIntyre Citigroup’s (C) CFO says he see write-downs through the end of the year. The head of hedge fund Paulson & Co,says bank losses will hit $1.3 trillion. Write-downs at Lehman (LEH) and…
According to Reuters, the fuel price increase in China may bolster consumption. Reuters writes that the Fed’s policy on inflation is starting to hurt the housing market. Reuters writes that the Bank…
According to Reuters, Staple (SPLS) has received EU approval for a takeover of Corporate Express. Reuters writes that DreamWorks is in conversations with India’s Reliance. The deal would allow top management at…
Ford (F) is making the rounds of its employees and unions to tell them that the company will have to take out more costs. According to The Wall Street Journal, the word…
Ford (F) wants the Feds to help it build and market an electric car. The vehicle manufacturer argues that if Congress does not give incentives to citizens who want to buy the…
According to Reuters, Pfizer (PFE) may make a counter-bid for Ranbaxy Laboratories, the generic drug-maker. Reuters reports that deal talks between Yahoo! (YHOO) and Microsoft (MSFT) are dead. Yahoo! will do an…
