Borrowers with less-than-perfect credit are being courted once more by lenders trying to bolster their loan portfolios to make up for the loss of fee income from new regulations. The lost fees…
Household debt combined with falling home prices have been more toxic to the economy than previously believed. This is not just true in the United States, according to new IMF data. The…
China is supposed to be the market which gets the global car industry back on its feet after the losses caused by three years of recession. The China market, which produced 18…
Douglas A. McIntyre The Sony (NYSE: SNE) train wreck continues. The Japanese company has appointed a new CEO and will fire 10,000 workers. But annual earnings for the fiscal year are much worse than expected. Sony…
Honda (NYSE: HMC) is the latest multinational car company to attack China’s vehicle market. People’s Republic drivers bought 18 million cars and light trucks last year, well ahead of the 12.5 million…
China recently was the most attractive car and light truck market in the world. The Asian nation’s vehicle sales are nearly 18 million a year now, ahead of the second-largest market —…
A federal judge approves a $25 billion mortgage misconduct settlement between the federal and several state governments and Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE:…
The rise in March domestic car and light truck sales was attributed largely to two factors. The first is that American’s need more fuel-efficient cars because of high gas prices. The second is that…
It is a sign of the times in which gasoline prices have raced toward $4 and could go higher as summer travel season approaches, or trouble in the Middle East boosts oil.…
Douglas A. McIntyre Ford (NYSE: F) posted a very modest sales gain of 5% in March compared to the same month last year. The company said, however, that the number represents the best March in…
Markets opened lower this morning but managed to recover fairly quickly following a report on robust manufacturing growth (our coverage here). The report on construction spending came in weaker than expected (our…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday. Some of these calls are moving the shares this morning. Amazon.com, Inc.…
The unemployment rate of the eurozone reached 10.8% in February, up from 10.0% a year ago according to EuroStat. Unlike the in United States, the trend is in the wrong direction. The lowest…
Ally Financial inc.Ally Financial Inc., the former finance arm of General Motors Co. (NYSE: GM) known as GMAC, received more than $17 billion in federal bailout funds in 2008 and is now…
Paul Ausick Members of Congress face new restrictions on insider trading. (Reuters) The UAW moves to organize a Volkswagen plant. (Reuters) A Brazilian oil regulator reports that the leak on a Chevron (NYSE: CVX)…
