In late August, Dollar Thrifty Automotive Group Inc. (NYSE: DTG) demanded that its suitors, Hertz Global Holdings, Inc. (NYSE: HTZ) and Avis Budget Group Inc. (NYSE: CAR), make an offer that eliminated…
Zipcar (NASDAQ: ZIP) brought new convenience to the car rental market, but whatever moat it created has been damaged by the actions of America’s largest car companies and their car rental partners.…
Today’s ratings agency actions include a new rating on off-balance sheet arrangement by AMR Corp. (NYSE: AMR), parent of troubled American Airlines, and other actions involving General Motors Co. (NYSE: GM), ConAgra…
Automaker Ford Motor Co. (NYSE: F) and the United Auto Workers (UAW) union have reached a tentative agreement on a new contract. The UAW reached a deal with General Motors Co. (NYSE:…
The federal government begins to probe the accounting of several Chinese companies. (Reuters) EU markets to decline more this quarter than in any other since 2008. (Reuters) Bank of America (NYSE: BAC)…
Today’s ratings actions have focused on commercial mortgage backed securities issued by several of the country’s largest banks — Morgan Stanley (NYSE: MS), Wells Fargo & Co. (NYSE: WFC), JPMorgan Chase &…
Angela Merkel faces a test: will her own party support money being used for the bailout of Greece? (Reuters) Bernanke says the Fed may have to act if inflation falls below targets.…
The number of cars and light trucks sold in the U.S. fell 25% over the past five years, from over 16.4 million for the model year beginning September 2005 to 12.4 million…
If the US has an energy policy — a big if — that policy turns on two factors. One, reducing energy imports; and two, reducing environmentally harmful emissions. How the US will…
Sirius XMSIRIUS XM Radio Inc. (NASDAQ: SIRI) is a stock that has become the target of short sellers now that shares went well above $2.00 and came falling back down to earth. …
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)…
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.…
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…
“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…
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:…
