According to Reuters, debt of Washington Mutual (WM) was cut to junk on a forecast of a $4.5 billion loss reserve. Reuters says that concerns about Lehman (LEH) spread to Merrill Lynch…
According to Reuters, Washington Mutual (WM) fell 30% to a 17-year low. Reuters reports that billionaire Carlos Slim has bought 6% of The New York Times (NYT). Reuters writes that Northrop Grumman…
Since almost no one in the US or Europe is buying cars, auto companies have been looking to China for salvation. That does not put them in a different class from other…
The Association of National Advertisers has already indicated to the Justice Department that it is bitter about the planned link-up which would allow Google (GOOG) to sell part of Yahoo!’s (YHOO) search…
The Association of National Advertisers, which includes big marketers like GM (GM), Procter & Gamble (PG), and Wal-Mart (WMT), argues that Google (GOOG) should not be allowed to sell advertising for Yahoo!…
Ford (F) wants investors to think that there is profit in small cars. Since there is no money in SUVs and pick-ups, that is the company’s only option. Gas prices are probably…
GM (GM) did not lose 25% to 30% of its sales in August when the numbers were compared to last year. It was less bad than that. The company reported a 20.3%…
Douglas A. McIntyre GM (GM) likes its "employee pricing" incentives so much that it is going to extend them through the end of September and make them available on more models. Good new. Bad news.…
Douglas A. McIntyre Robert Lutz, the oldest car company executive in the history of the industry, recently said that Detroit could not raise the money it needs to retool its plants to build fuel-efficient cars.…
Energy Conversion Devices (NASDAQ:ENER) reported its fourth quarter and full year results this morning, and the stock is up more than 2% in early trading. It’s no wonder. EPS of $0.24 beat…
According to Reuters, Lehman (LEH) may fire 1,200 workers. Reuters reports that Dell (DELL) said its Asia business was fine but offered a cautious forecast. Reuters reports that Starbucks (SBUX) will offer…
Toyota (TM) has already cut its sales targets for its fiscal 2008 year. Now it is taking down its forecast for 2009. According to The Wall Street Journal, "Japan’s biggest car maker…
GM (GM) may be able to add humiliation to the list of losses and indignities it has had to suffer over the last year as a recession and rising fuel prices have…
Douglas A. McIntyre Hopes are that instead of selling a very few cars in August, auto companies will sell less few than they did in July. These perverse economics have become the way that Detroit…
Douglas A. McIntyre Several reports indicate that GM (GM, Ford (F), and Chrysler are approaching the government for a total of $25 billion in loans at interest rates as low as 4.5%. The money could…
