GM (GM) management has finally begun to wise up. Even if the government gives it every dime that it asks for and the Administration can bring the UAW and the company’s creditors…
Douglas A. McIntyre A great deal has been made about the Nasdaq going from being down 25% for the year to being up for 2009. The furious rally might continue, but it probably won’t. That…
According to Reuters, the Obama financial reforms face a bumpy road. Reuters reports that the NY State Attorney General has subpoenaed AIG (AIG) over its CDS contracts. Reuters reports that Obama’s financial…
The Administration’s blue ribbon panel assigned the task of deciding what should happen to GM (GM) and Chrysler has, as would be expected, said that it wants to keep the two companies…
According to The Wall Street Journal, the Administration’s auto task force will recommend that the government give GM (GM) and Chrysler billions of dollars in more bailout capital rather than have them…
Douglas A. McIntyre Based on the rise in the short interest in banks at mid-month, it is clear how badly investors betting bank stocks would go down were mauled. As of March 15, shares short…
Ford (F) is in the best financial health of The Big Three. Its position could improve more, at least temporarily, if its deals to cut debt and reset its contract with the…
The team that plans to bring the economy out of the recession is a bit like a traveling circus. Once every few days, it stops on Wall St., the metaphor for all…
Douglas A. McIntyre According to Reuters, the US will woo private capital to get buyers for bank toxic assets. Reuters reports that US shoppers are likely to remain frugal. Reuters reports that US car dealers…
These are the top upgrades and downgrades from Wall Street analysts this Friday morning: Expedia (EXPE) Raised to Buy at Citigroup. Ford (F) Started as Buy at UBS. Johnson & Johnson (JNJ)…
The wooden but plucky CEO of GM (GM), Rick Wagoner, told the press that if his company is allowed to go into Chapter 11, it will end up being a simple liquidation.…
According to Reuters, AIG (AIG) will have to pay taxpayers back for bonuses it paid out before it can get its next $30 billion in loans. Reuters reports that Coke (KO) is…
For over a year, analysts have said that one of the largest problems car companies face is dealers who go bankrupt. It is actually a double-edged sword. If under-performing franchises fold, it can…
The Administration appears to be ready to give GM (GM) and Chrysler more money. According to The Detroit Free Press, the car companies are about to get further aid in the form of…
Douglas A. McIntyre According to Reuters, Obama faces backlash due to AIG (AIG) compensation issues which could set bank his efforts to salvage the financial system. Reuters reports that Lehman will put two of its…
