3:38pm ET
Cars and Drivers
S&P Bets Against Obama Car Bailout
S&P does not appear to be willing to bet that the new administration will want to or be able to bail out GM (GM), Ford (F), and Chrysler. If the credit rating…
GM Coverage Page 200
12:17pm ET
Cars and Drivers
Tiger Woods Ends His Worst Endorsement Deal (GM)
General Motors (NYSE: GM) and Tiger Woods are calling their current endorsement deal quits. The company and the world’s greatest golfer have agreed to an amicable separation which will end his endorsement…
Douglas A. McIntyre 5:36am ET
Investing
The Recession And Weeding Out America’s Worst Management (MCD)(LUV)(JPM)(WFC)(GM)(INTC)(AMD)(DIS)(CBS)(HPQ)(WMT)(GE)
Most executives spend their careers trying to get noticed, both as a way to achieve promotion and to bolster their reputations which they hope will be remembered long after they retire. Mention…
3:54am ET
Media
Media Digest 11/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the US government gave Citigroup (C) a bailout worth over $300 billion. Reuters reports that the rescue of Citi failed to dispel concerns about the financial market as some…
9:32am ET
Cars and Drivers
As GM (GM) Looks At Chapter 11, UAW Should Dust Off Strike Fund
The GM (GM) board is looking at a Chapter 11 as a way to get the car company out of its mess. Even if Congress approves funds for the car company, it…
Douglas A. McIntyre 8:53am ET
Cars and Drivers
Obama Camp Denies Pre-Packaged Chapter 11 Plan For Detroit
So much for the Bloomberg report that the new administration would set up a pre-packaged bankruptcy for GM (GM) and perhaps other car companies. According to Reuters, President-elect Barack Obama’s transition team…
Douglas A. McIntyre 7:33am ET
Cars and Drivers
A Pre-Packaged Bankruptcy For GM (GM)? Begging For A UAW Strike
Bloomberg is reporting that the new administration may push for a pre-packed bankruptcy for GM (GM). "President-Elect Barack Obama’s transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible…
Douglas A. McIntyre 4:01pm ET
Investing
The 52-Week Low Club (GOOG)(AAPL)(BAC)(F)(GM)(C)(CLWR)(PLD)(JNY)(STP)
Verifone (PAY) JP Morgan cut rating. Drops to $2.38 from 52-week high of $48.61. Suntech (STP) Forecast below Wall St. estimates. Down to $5.60 from 52-week high of $90. Jones Apparel (JNY)…
3:48pm ET
Investing
DJIA Boot: Will GM, Alcoa, Citi Get Cut From Index? (GM, C, AA, F, AIG)
This is not going to be a pleasant topic, but by now we are all probably more than used to unpleasant economic topics. The Dow Jones Industrial Average may follow its trend…
3:08pm ET
Cars and Drivers
Ford Run Over By S&P (F, GM)
Standard & Poor’s has come out with another timely research call today, and while shares are still up about 5% they are off of intra-day highs.. The ratings agency has lowered its…
2:33pm ET
Cars and Drivers
Oouch! Auto Bailout Deal Dead In A Hour (GM)(F)
So much for the Detroit bailout that was supposed to be announced later today. CNBC is reporting that there is no deal. The network says: "Senate Majority Leader Harry Reid and House…
2:20pm ET
Cars and Drivers
Talk That Car Industry Will Get Bailout (GM)(F)
Word from Washington is that a bailout agreement has been reach among the various factions in Congress. There will no details on the arrangement until a news conference later this afternoon According…
11:33am ET
Economy
Citigroup (C) And GM (GM): The Shadow Of Economic Ruin
No one knows what a Great Depression would look like in 2009. It would not necessarily have to match the 25% or so unemployment rate which was the high-water mark of joblessness…
6:39am ET
Cars and Drivers
GM (GM) And Chrysler: Why Die Alone?
Rumors have surfaced again that Chrysler and GM (GM) may restart talks about a merger. For some time analysts and executives at the two companies have believed that a marriage would save…
Douglas A. McIntyre 3:52am ET
Media
Media Digest 11/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Japan exports hit their lowest level since 2002. Reuters writes that hopes for an auto bailout in this session of Congress are poor. Reuters reports that the US is…