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 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…
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…
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 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…