According to Reuters, Bank of America (BAC) and Merrill Lynch did agree on a bonus package for employees before the merger. There had been questions about the approval. Reuters reports that January…
Toyota (TM) has cut its production forecasts for 2009 for the third time. That is hardly good news for Ford (F) and GM (GM) which rely on a balance of foreign and…
As domestic January vehicle figures begin to come in, one of the facts that is going to become clear is that the US market may only only produce ten million unit sales…
Douglas A. McIntyre According to Reuters, Honda (HMC) sales in the US fell in January. Reuters reports that the premier of China sees hopeful signs in his economy. Reuters reports that hard times make government…
Continuing jobless claims rose by 159,000 in the week ended Jan. 17 to a seasonally adjusted 4.78 million, the most since the government’s records began in 1967. The number of unemployed people…
Watching the land grab for TARP money becomes more entertaining every day. Now Hertz (HTZ) and Avis (CAR) want money to buy Ford (F) and GM (GM) cars. The plan makes a…
According to Reuters, Nasdaq will turn to Asia for much of its future growth Reuters reports that the new bank bailout could cost as much as $2 trillion. Reuters writes that the…
Short sellers placed large bets against the stock of tech companies for the period ending on January 15, taking a series of positions to gamble that firms like Microsoft (MSFT) and Cisco…
The idea that Fiat would buy 35% of Chrysler at least made a modest amount of sense. It would give Fiat an outlet to sell its small cars in the US. Chrysler…
Douglas A. McIntyre John Rockefeller of Standard Oil, Alfred Sloan of GM (GM), and Gerald Swope of GE (GE)created the structure of the modern conglomerate. Diversification was meant to cushion economic blows. Being in five,…
According to Reuters, a House committee advanced the economic stimulus bill. Reuters reports that China’s GDP growth slowed. Reuters reports that exports from Japan dropped sharply. Reuters writes that Sony (SNE) warned…
According to Reuters, the financial crisis may speed up the approval of the Treasury Secretary. Reuters reports that Fiat has set a deal to own 35% of Chrysler. Reuters reports that an…
Fiat is very near an agreement with Chrysler to take a piece of the No.3 US car company. The deal will need the blessing of the Treasury Department which is supplying Chrysler…
The UAW and GM’s (GM) creditors are making the great auto company bailout a process that will funnel money into Detroit for years beyond the March 31 deadline which has been set…
Analysts at Deutsche Bank commented on General Motors (NYSE: GM) after the company presented additional details of its restructuring plan at the Detroit Auto Show Conference on Thursday. They said the operational…
Douglas A. McIntyre 