Now that GM (GM) has a reasonable deal in place with the UAW, the federal government is preparing the car company for a Chapter 11 filing which may come ahead of the…
Douglas A. McIntyre Reuters: Chrysler is already seeing positive effects from bankruptcy. Reuters: The US is working with GM (GM) on a Chapter 11 filing as the June1 deadline looms. Reuters: Pimco’s Gross says US…
The federal government will end up owning bits and pieces of businesses including banks, car companies and insurance firms as it puts money into industries weakened by the recession. The Achilles Heel…
Reuters: The Treasury is keeping banks guessing about when they can repay TARP funds. Reuters: Bank of America (BAC) has raised more than $13 billion in share sales. Reuters: Hewlett-Packard’s (HPQ) financial…
Chrysler and GM will force 2,000 car dealerships to close. This event has elicited a great many opinions from industry experts. The consensus is that the most damage to the car companies…
Reuters: Twitter will release business tools in an attempt to make money. Reuters: A GM (GM) bankruptcy is seen as nearly inevitable. Reuters: American Express (AXP) will cut 4,000 jobs. Reuters: Obama…
Reuters: Small businesses are having trouble finding financing. Reuters: VW has stopped tie-up talks with Porsche. Reuters: The US budget chief says there are signs the economic free fall is over. Reuters: …
GM (GM) is about to notify about 20% of its dealer network that it will not renew its contracts with them when they expire next year. By most estimates well over 1,000…
GM (GM) is getting close to a deal with the UAW which will allow the auto company to lower its annual expenses by $1 billion. It will also lead to the layoffs…
Douglas A. McIntyre Reuters SEC employees are under investigation for insider trading Reuters Treasury has approved several insurance companies for receiving TARP funds Reuters GM (GM) is close to a deal with the UAW. Reuters Bank…
Reuters Obama hopes to have healthcare bill by July Reuters Documents on Paulson’s meetings with banks forcing them to take TARP have been released Reuters Banks sued MBIA (MBI) over its $5 billion…
It was just yesterday that shares of General Motors Corporation (NYSE: GM) went to the lowest price since 1933. Shares were around $1.15 on that alert. It has become even worse. Shares…
Douglas A. McIntyre Reuters : Intel (INTC) said its results are running better than expected. Reuters : The government is looking at a pay overhaul in the financial sector. Reuters: Economic woes are hurting the…
Forget about 52-week lows. General Motors Corp. (NYSE: GM) is trading at what looks to be the lowest levels since April or May of 1933. There has not been fresh news from…
Douglas A. McIntyre According to Reuters, Bernanke says he was encouraged by the stress tests. Reuters reports that GM (GM) will probably exit the Dow. Reuters writes that Bank of America (BAC) will probably sell…
