According to Reuters, a bill to restrict credit card charges cleared a key committee in Congress. Reuters reports that Ken Lewis of Bank of America (BAC) says his firm what urged by…
Missing a $1 billion debt payment should be bad news. According to The Wall Street Journal, GM’s (GM) CFO said it would not meet its obligation on June 1. In reaction, GM’s…
Douglas A. McIntyre For all of the restructuring work that GM (GM) has done, all the layoffs, and negotiations with the UAW and creditors, it has never admitted that the domestic car market may not…
According to Reuters, Yahoo!’s (YHOO) profit dropped 80% and it will cut 5% of staff. Reuters reports that Chrysler bondholders offered to swap some debt for equity. Reuters reports that Geithner says…
The Administration is losing it grip on the process of restructuring the auto industry. It has let another deadline pass and will supply more money to Chrysler and GM (GM) as they allegedly…
Douglas A. McIntyre According to Reuters, the government will give Chrysler and GM (GM) new aid. Reuters reports that IBM (IBM) revenue fell more than expected. Reuters writes that the Treasury’s plan to get toxic…
The Chinese government has become more aggressive about buying foreign assets. Chinese leaders recently said they would begin to make investments in Europe through their sovereign wealth fund. The country has capital…
According to Reuters, PepsiCo (PEP) is offering $6 billion for a number of its bottlers. Reuters reports that GlaxoSmthKline (GSK) is in talks to buy Stiefel Laboratories. Reuters writes that the US…
VW may have passed Toyota (TM) as the world’s No.1 car company just as Toyota passed GM (GM) a year ago. The companies all operate in an industry where being on the…
The engagement has become hand-to-hand as the fight to see who will make it out of the rubble of the GM (GM) restructuring comes to a close. The most recent development is…
Douglas A. McIntyre According to Reuters, banks may be hard hit by the bankruptcy of General Growth (GGP) and future commercial real estate defaults. Reuters reports that VW may overtake Toyota (TM) as the No.1 car…
According to Reuters, Obama vowed to overhaul the tax code. Reuters reports that GM (GM) is working on a plan to cut dealers at an accelerated pace. Reuters writes that China’s first…
A number of well-known brands disappeared in the last year in large part due to economic forces. Many of them were in the retail industry, led by Circuit City. ATA and Aloha…
General Motors Corporation (NYSE: GM) may have an answer as to what could happen with that Saturn unit. Just be sure you stress the “may” in this thought. A press release came…
Douglas A. McIntyre GM’s (GM) stock trades at $1.71, which is not even its 52-week low. Several news outlets have reported that the Treasury has asked the No.1 US car company to prepare for Chapter…
