Facebook sets its IPO to raise more than $10 billion. (Reuters) The California State Teachers’ Retirement System (CalSTRS) files suit against Walmart (NYSE: WMT) over bribery allegations in Mexico. (Reuters) Greek elections…
The major US stock indexes opened mostly flat this morning following a softer-than-expected report from the Institute for Supply Management on non-manufacturing growth (our coverage here). The report on new unemployment benefits…
Results from Europe hurt GM (NYSE: GM) sales in the latest quarter, hurting numbers as it did with Ford (NYSE: F) GM’s Opel division has been a problem for some time. The…
The government of Spain got lucky. It planned to raise over 2 billion euros in debt. The amount sold was more than that — 2.5 billion. The international capital markets ignored Spain’s…
April car sales data are out, and they are not cause for celebration. Though sales are up 2% overall from last April, they have cooled somewhat since the February and March run. There…
The improbable recovery of Chrysler continues, just three years after a government supported Chapter 11. Most analysts believed that Chrysler would never have the funds to launch enough new vehicles to compete…
Moody’s warns that Japan’s finances will be hurt if it cannot get acceptance of a new sales tax. (Reuters) New Chinese factory data indicate that the industry’s activity may have bottomed. (Reuters)…
Caterpillar (NYSE: CAT) faces a relatively small strike at its Joliet, Ill., plant. The members of the International Association of Machinists and Aerospace Workers will walk out when their six-year contract expires. The strike…
Higher revenues and profits in its North American region boosted first-quarter results at Ford Motor Co. (NYSE: F). The company posted EPS of $0.18, well above the consensus estimate of $0.08, on…
Markets are lifted by Fed comments that the economy is recovering and that it will keep rates low. (Reuters) Chrysler posts its best earnings since being partially taken over by Fiat. (Reuters)…
A year ago, most car company analysts believed that the key to big profits for large manufacturers was an abundance of overseas sales. That has turned out to be untrue for now. Chrysler…
Auto industry research firm truecar.com released its sales and incentives forecast for April today, and the company expects the sales forecast to translate to a seasonally adjusted annual rate of new car…
The largest car dealership in the US, AutoNation Inc. (NYSE: AN) reported earnings this morning for the first quarter. The company posted EPS of $0.56, an all-time high, on revenue of $3.7…
Ford Motor Co. (NYSE: F) is getting its reward for dodging bankruptcy during the financial crisis, something that its US rivals General Motors Co. (NYSE: GM) and Chrysler were not able to…
The important Auto China 2012 show has allowed many large manufacturers to increase their commitment to the People’s Republic. It is the world’s largest market for cars and light trucks, with sales…
