6:34am ET
Investing
Short Sellers Savage Banks
Short sellers appear ready to follow bank stocks all the way down to zero, at least based on data for the period that ended September 15. Shares short in Citigroup (NYSE: C)…
Companies
/Consumer Cyclical
General Motors Company
$86.27
▲ $0.09 (+0.10%) today
Markets closed · 1:51pm ET
GM Coverage
Page 1671:43pm ET
Investing
Top Debt & Credit Rating Agency Actions (UTX, GR, GM, LSTZA, LSTZB, LCAPA, LCAPB, BRK-A, BRK-B, CAG, OWW, WWWW, CMI)
Today’s ratings actions are led-off by Moody’s affirmation of its ‘A2’ senior unsecured and ‘Prime-1’ short-term ratings on United Technologies Corp. (NYSE: UTX). The affirmation follows United’s announced acquisition of Goodrich Corp.…
6:18am ET
Media
Media Digest (9/21/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Oracle (NASDAQ: ORCL) posts strong earnings due to corporate IT strength. (Reuters) Federal Reserve probably will ease monetary policy to help a struggling economy. (Reuters) GM’s (NYSE: GM) labor deal will create…
5:18am ET
Investing
The Biggest CEO Apologies
“Never apologize. It’s a sign of weakness” — John Wayne as Captain Nathan Brittles in She Wore a Yellow Ribbon (1949) CEOs are rarely in the business of apologizing. They leave the…
6:19am ET
Media
Media Digest (9/20/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Obama offers a $3.6 billion deficit reduction plan that includes a tax on the rich. (Reuters) S&P cuts Italy one notch and says its outlook is negative. (Reuters) Head of UBS (NYSE:…
6:21am ET
Media
Media Digest (9/19/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Parties of Merkel and allies parties beaten in Berlin elections. (Reuters) Obama jobs plan geared toward Democrat voters. (Reuters) Greece must take more austerity measures to get bailout money. (Reuters) Moody’s bias…
8:35am ET
Jobs
GM And The UAW: Sanity, At Last
GM’s (NYSE: GM) bankruptcy was cause by three things, and one of those was labor costs. The car company and the UAW have set a reasonable agreement as they finish contract negotiations…
Douglas A. McIntyre 5:58am ET
Media
Media Digest (9/15/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
UBS (NYSE: UBS) trader loses $2 billion in unapproved trades. (Reuters) The head of the World Bank says the global economy has entered a danger zone. (Reuters) General Motors (NYSE: GM) and…
8:25am ET
Cars and Drivers
Nissan Taking Electric Car to China (TM, F, GM, NSANY, BYDDF)
Last week carmaker Toyota Motor Corp. (NYSE: TM) said that it had no plans to introduce an all-electric car into the Chinese market. Unlike both Ford Motor Co. (NYSE: F) and General…
6:25am ET
Media
Media Digest (9/12/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Carol Bartz resigns from Yahoo!’s (NASDAQ: YHOO) board. (Reuters) Lagarde disputes reports of an IMF study that shows a $372 billion capital shortfall among Europe’s banks. (Reuters) Bank of America’s (NYSE: BAC)…
7:48pm ET
Cars and Drivers
The Auto Industry Begins To Sink, Again
The automobile industry is once again in a period of lowering demand for its vehicles and this may put two years of advances in jeopardy. Last week was a particularly bad week for this industry. Ford (NYSE: F)…
9:57am ET
Cars and Drivers
Toyota Makes Some Major Model Moves (TM, HMC, F, GM, BYDDF, BRK-A, BRK-B)
Toyota Motor Corp. (NYSE: TM) rolled out its 2012 model Camry in Japan yesterday. For the Japanese market, the carmaker will sell only the gasoline-electric hybrid. That puts the company on par…
6:34am ET
Cars and Drivers
U.S. Car Sales in August Mean Nothing
Many economists said U.S. car sales were strong in August and that the improvement was a sign of a better trend in consumer spending. That was hardly true. Sales rose 7.5% to…
3:04pm ET
Media
Alter-Ego, Has Sirius XM Just Become Another Car Company? (SIRI, GM, F)
Sirius XMSIRIUS XM Radio Inc. (NASDAQ: is supposed to be one of the hotter media companies with its satellite radio dominance. It has a cult following, millions of subscribers, and it charges…
8:00am ET
Investing
S&P Slashes Europe GDP Targets, Still No Double Dip Recession (CAT, FLS, PCAR, OI, PLL, ADBE, LXK, F, GM, PM, CCE, MCD, YUM)
Europe posted anemic GDP growth in the second quarter of 2011, but the continent can still avoid a double-dip recession if European governments could solve a few problems. First is high unemployment…