According to Reuters, Apple (AAPL) missed Wall St. expectations, sending the stock down by 10%. Reuters reports that American Express (AXP) profits fell on credit losses.
Toyota (TM) has finally succumbed to the same reality that the rest of the car industry has. It will cut its global sales forecasts by nearly 4% for 2008. Most of that…
According to Reuters, talks between Time Warner’s (TWX) AOL and Yahoo! (YHOO) and Microsoft (MSFT) are heating up. Reuters reports that GM (GM) is confident that it can compete even after making…
GM’s (GM) problem is that there is no "correct" size for its North American operations. While it is in fine shape overseas, especially in Latin America, Russia, and China, there is no…
According to Bloomberg, GM (GM) will announce a major restructuring including moving more production to small cars. Reuters reports that regional bank stocks were hit hard by liquidity concerns. Reuters writes that…
Things have been so bad at Ford (F) that there is nothing left to cause its stock to rally. High gas prices have be undermining sales of its profitable SUVs and pick-ups.…
The short interest in most financial and industrial companies rose sharply for the period ending June 30. Shares sold short in Washington Mutrual (WM) rose 21.6 million to 276.4 million. Short interest…
According to Reuters, large Yahoo! (YHOO) shareholder Legg Mason said Carl Icahn’s bid would have more support if he guaranteed he would not sell the company for less than $33. Reuters writes…
GM (GM) will try to save itself again. It may be too late. The company may already be in hospice The nation’s largest car company is considering dumping thousand of white collar…
Douglas A. McIntyre According to Reuters, NBC Universal and partners will by The Weather Channel for $3.5 billion. Reuters writes that Toyota (TM) will add solar panels to some of its Prius cars. Reuters writes…
There were two ghastly research calls this week from separate firms on separate companies. While one is more severe than the other, these two analyst downgrades are essentially a tie for the…
BMW has the Mini Cooper. Now GM (GM) plans to bring its own brand of mini into the US. GM will probably import its Chevrolet Beat to America to offer a car…
Douglas A. McIntyre The distance from Detroit to Dallas is about 1,200 miles, but the two towns might as well be twin cities. Yesterday, a prediction that GM (GM) could go bankrupt set off panic…
GM (GM) falls as issue of Chapter 11 is raised. Drops to $10 from 52-week high of $43.20. Circuit City (CC) drops as Blockbuster (BBI) withdraws bid. Plummets to $2.10 from 52-week…
Merrill Lynch has said what many people already believe. One of the large US car companies could go into bankruptcy. Merrill’s comments target GM (GM). The brokerage’s analysis is that the biggest…