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 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 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)…
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…
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…
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…
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…
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…
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 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…
A car industry bailout may save GM (GM), Ford (F), and Chrysler for a few months, but it is likely to set a painful precedent for governments in Asia and Europe. If…
Correction: Based on the financial contribution of GM subscribers to the Sirius P&L, the satellite radio company would not have an immediate loss of earnings if it were not selling product through…
Sirius (SIRI) traded down to $.20 on concern that a bankruptcy at GM (GM) could ruin its already troubled business. The 52-week high is $2.94. Citigroup (C) Still concerns that bank can…
When it comes to the trouble with the US car industry and a potential government bailout, the first and most important consideration is that no one is at fault. The dog ate…
According to Reuters, Japan has fallen into a recession. Reuters writes that the top seven executives at Goldman Sachs (GS) will take no bonuses. Reuters reports that a poll showed that many…