General Motors Co.’s (GM) board of directors gave a vote of confidence to embattled Chief Executive Rick Wagoner after the automaker surprised Wall Street by announcing a $15.5 billion loss. This praise…
Douglas A. McIntyre Chrysler had a fair amount of trouble re-financing a relatively large portion of its debt. The company’s finance division was only able to raise $24 billion to replace a $30 billion facility.…
Nice guys finish last. Ford (F) is a fine example. After being the No.2 car company in the US fro decades, it will probably moving into the No. 4 spot behind Honda…
GM’s (GM) poor earnings were matched by its July sales. US light vehicle deliveries dropped 26.1% to 233,340 units from a year ago. Total truck deliveries declining 35.4% to 129,849 units. The…
GM posted a massive net loss was $15.5 billion or $27.33 per share for the second quarter, including these charges and special items, compared with net income from continuing operations of $784…
Douglas A. McIntyre According to Reuters, GM (GM) is expected to post a huge loss. Reuters reports that oil company profits rose, but Exxon (XOM) missed its numbers. Reuters reported that stressed banks borrowed a…
If we told you General Motors (NYSE: GM) was having troubles and needs to trim bad brands (and more workers), you’d accuse us of working for for the government’s Department of Redundancy…
GM (GM) has developed the pattern of matching bad news with more bad news. Since the company does still have some bright spots, it may want to balance its public relations act.…
Douglas A. McIntyre According to Reuters, T Boone Pickens is seeking an "army" of business leaders and citizens to back alternative energy. Reuters reports that Starbucks (SBUX) posted if first loss as a public company…
Chrysler is exiting the car leasing business and GM (GM) and Ford (F) have a foot out the door. All of those SUVs that come back off lease sit on dealer lots…
According to Reuters, Merrill Lynch (MER) said that it would sell $8.5 billion in stock and take large write-downs. Reuters report that KKR says the market slump is a good time to…
The national economy has gotten so bad, driven by high commodities prices and a credit crisis which cannot seem to find a bottom, that some of America’s most well-known companies will have…
GM (GM) does well in China, but based on the company’s dire situation in North America, it is going to have to do a lot better in the world’s most populated country…
Regulators may be trying to keep short sellers out of a few financial stocks, but that is not keeping large bets against most other stocks from rising. While some of the shorts…
According to Reuters, Amazon (AMZN) earnings beat Wall St. forecasts. Reuters reports that Ford (F) wil keep its small pick-up plant open for two years.