According to Reuters, Warren Buffett and the head of Blackstone (BX) called for a solution to the govenment’s growing debt load and reliance of foreign investors to finance US borrowing. Reuters reports…
GM (GM) has decided to do two things to stimulate sales. One is to offer aggressive incentives on its new cars. The other is to offer substantial warranties on its used cars.…
Douglas A. McIntyre According to Reuters, US inflation rose as the housing market continued to be troubled. Reuters reports that Hewlett-Packard (HPQ) beat Wall St. expectations. Reuters reports that Ebay (EBAY) will drop some of…
The quality of American cars was supposed to be getting better. Perhaps that was an illusion. Part of the reason that investors thought GM (GM) and Ford (F) could come back was…
According to Reuters, Lehman (LEH) is considering selling it Neuberger Berman asset management unit. Reuters writes that bail-out concerns pushed down stocks in Fannie Mae (FNM) and Freddie Mac (FRE). Reuters reports…
GM (GM) will celebrate its 100th birthday by offering incentives and losing more money on each vehicle. According to Reuters, "GM had scheduled briefings for U.S. dealers, representing all of its brands…
Douglas A. McIntyre General Motors (GM) has decided that it will not serve as a sponsor for the the 2009 Academy Awards, ending a long relationship that included $13.5 million in ad spending for this…
Douglas A. McIntyre According to Reuters, analysts expect Lehman (LEH) to have a $1.8 billion loss. Reuters writes that the US is likely to recapitalize Fannie Mae (FNM) and Freddie Mac (FRE). Reuters reports that…
Car sales in China may not have gone negative year-over-year, but they are getting close. In July, sedan sales were only up 1.9%. If SUVs and light trucks are thrown in, the…
According to Reuters, Ford (F) will build a news luxury crossover vehicle. Reuters writes that Merrill Lynch (MER) will freeze all hiring through the end of the year. Reuters reports that the…
According to Reuters, Greenspan says the housing market should bottom in 2009. Reuters writes that US auto makers are scrambling to make more fuel-efficient cars. Reuters reports that the SEC is close…
If you believe that the bond rating agencies either matter or still offer any relevance in the post-meltdown (or is it mid-meltdown?) world, then you can see they are at it again. …
According to Reuters, Goldman Sachs (GS) will buy $1.5 billlion in assets from ABN. Reuters reports that Ford’s (F) new plans will not change because of the fall in gas prices. Reuters…
Shorts sellers suffered from a lack of conviction on the direction of financial stocks in the period that ended July 31. They were clear that betting against tech was no longer a…
It is a Category 5 irony that Toyota (TM) may be faced with exporting cars it makes in the US to other countries. It initially conquered the small car market in the…
