The merger talks between GM (GM) and Chrysler appear to be heating up. GM would like to have an agreement by the end of this month. Putting the two companies together would…
According to Reuters, Swiss banks are getting large amounts of capital to fight the global credit crisis. Reuters reports that AIG (AIG) is lobbying to loosen government oversight rules. Reuters reports that…
According to Reuters, economic attention has now turned to the recession. Reuters reports that a new survey shows that half of all workers are worried about their jobs Reuters reports that unions…
Analysts assume third quarter earnings for the companies in the S&P 500 will be bad. But, looking at the number which is the average of all firms in the index is misleading.…
According to Reuters, the Treasury will make $250 billion directly into banks. Ciitgroup (C) and JPMorgan (JPM) would get $26 billion each. Merrill Lynch (MER) and Bank of America (BAC) would each…
The credit crisis has been so severe that even the largest companies in the US have had trouble getting access to the capital markets. Firms as large as GM (GM), Goodyear, and…
The UK government is about to become the de facto largest shareholder in two of the country’s largest banks, HBOS and The Royal Bank of Scotland (RBS). Given the number of times…
According to Reuters, world markets are waiting to see how the bailout of banks in Europe and the US will work. Reuters reports that Japan’s Mitsubishi UFJ Financial Group is looking for…
The IMF said that the world banking system faces of meltdown if governments does not take immediate action to support that largest banks. Based on comments from Paulson, the US may be…
Yesterday JD Power said that the global car market could "collapse" and GM (GM) fell 31%. Today S&P is saying that "General Motors Corp., Ford Motor Co. and Chrysler LLC may be…
According to Reuters, the US is looking at guaranteeing billions of dollars of bank debt and temporarily insuring all bank deposits. Reuters reports that Citigroup (C) has ended talks about taking over…
GM (GM) Concerns that global car sales will fall again in 2009 and company will get short on money. Down to $5.22 from 52-week high of $43.20. News Corp (NWS) Weak ad…
Are short sellers hitting GM? The stock has been off as much as 20% today and has traded as down to $5.41. The shares have not been that low since 1951. The…
Douglas A. McIntyre The dirge is just about over for Sirius XM (SIRI). The stock has marched down so far that the market is saying there is little prospect for recovery. The company is plagued…
After months of suffering indignities and falling sales, Citigroup cut shares in Ford (F) and GM (GM) to sell. It dropped it price target for Ford to $2.50 and GM’s to $6.…