The Chinese government over the weekend issued a rule requiring government officials to buy only Chinese-branded cars. The rule is intended to help support the country’s automakers who have seen sales fall…
The U.S. Postal Service has begun a cost-cutting process meant to save it $10.5 billion between now and 2015. The first tranche is a consolidation or shuttering of 223 locations. The effect of the…
A panel suggests that Vivus diet drug Qnexa be approved by the FDA. (Reuters) Japan may cut crude oil imports from Iran by 20%. (Reuters) Poor results cause shares of Hewlett-Packard (NYSE: HPQ)…
The Chinese and eurozone economies each showed signs of sharp slowing, and in Europe a new recession has begun. Data from the HSBC flash purchasing managers index indicated that China’s PMI continues to contract. It…
Douglas A. McIntyre President Obama may propose a new corporate tax rate. (Reuters) The U.S. Consumer Financial Protection Bureau will examine overdraft fees. (Reuters) Apple (NASDAQ: AAPL) will hold its annual meeting with the company in…
Chinese sales have been a backbone of General Motors’ (NYSE: GM) and Volkswagen’s earnings for several years. These firms have ridden their shares of the world’s largest car and light truck market to strong profit…
Robert Murray http://www.geograph.org.uk/photo/1449653Fuel Systems Solutions Inc. (NASDAQ: FSYS) has acquired the compressor business and the right to use certain trademarks from Dresser Italia S.r.l. in an all-cash transaction. The purchase price was…
Stocks opened higher this morning following upbeat reports on unemployment claims and new housing starts. With a little more than a half hour left in today’s session, all three indexes have made…
General Motors Co. (NYSE: GM) posted a record annual profit this morning of $7.6 billion for the fiscal year ended in December. EPS for the year totaled $4.58, up from $2.89 in…
Paul Ausick People buy cars based on personal appeal, price, performance, fuel efficiency and reliability. Reliability is among the most important factors for most consumers. A car or light truck that runs without problems…
General Motors (NYSE: GM) has been in the news this week for two reasons. One is presidential candidate Mitt Romney’s views about whether the government should have bailed out the car maker.…
Moody’s may cut Morgan Stanley (NYSE: MS) and UBS (NYSE: UBS) as the global euro crisis spreads. (Reuters) Officials in Japan arrest former Olympus executives. (Reuters) Congress reaches a deal on payroll tax…
Thursday is a fairly busy day for earnings expectations. We are expecting the following reports: Advance Auto Parts Inc. (NYSE: AAP); Apache Corporation (NYSE: APA); Applied Materials Inc. (NASDAQ: AMAT); Baidu Inc.…
General Motors Co. (NYSE: GM) is making changes to salaries, bonuses, and pensions for its non-union, salaried employees. The wage and bonus freezes will apply to all 29,000 of the company’s salaried…
Paul Ausick One reason investors like to own General Motors (NYSE: GM) stock is that that company is the leading car manufacturer in China, when its local partners’ sales results are added to its own.…
