According to Reuters, Bear Stearns (BSC) replaced its CEO James Cayne who will remain chairman. Reuters writes that the CEO of Best Buy (BBY) sees the retail climate getting tougher. Reuters writes…
Tata Motors (TTM) of India is introducing its new $2,500 car. According to The New York Times "the company wants to provide four-wheel transportation for the first time to people accustomed to…
GM (GM) says that 75% of its sales will come from outside the US by 2017. “Overseas growth is an absolute necessity if GM is going to compete, not just with Toyota,…
GM (GM) is about to announce that it is building a car that will drive itself. It can park, accelerate, break, and drive around traffic congestion. According to The New York Times…
Douglas A. McIntyre According to Reuters, Yahoo! (YHOO) is pushing the mobile handset as the next major target for its products. Reuters reports that analysts are trimming forecasts for the first and second quarter of…
These are not the only top analyst calls impacting share prices this morning, but these are the main calls that 247WallSt.com is focusing on in pre-market trading this Friday morning: Allstate (ALL)…
The people at the GM (GM) headquarters must have had too much to drink over the holidays. According to Reuters GM "expects overall 2008 U.S. auto sales to be about the same…
Douglas A. McIntyre Sales of GM (GM) cars and light trucks fell 4.4% to 319,837 in December. In December, GM’s light-vehicle sales fell 4.4% to 319,837 units. Car sales moved down 10% to 116,583 vehicles.…
Douglas A. McIntyre Over the last year, shares in Toyota (TM) are down well over 20%. The fact that GM (GM) and Ford (F) have fallen makes sense. They are still losing market share in…
According to Reuters, manufacturing weakness in the US has raised new fears of recession. Reuters reports that the most recent Fed minutes indicate a willingness to cut rates again. Reuters reports that…
It looks like December will be another ghastly month for US car companies. Based on a survey of auto analysts by Bloomberg, units moved by the old "Big Three" could drop 7%…
According to Reuters, AT&T (T) may take a stake in Malaysia’s TM International Reuters writes that weak Wall St. bonuses may cut into some luxury spending. The Wall Street Journal reports that…
2007 was one volatile year and for now it appears that will be the norm for at least the start of 2008. Everyone’s favorite market pundit or least liked pundit is obviously…
Over in the world of baseball where steroid-built great apes hit 60 home runs a season, there is still a place for what is known as "small ball". That approach to the…
The final month of 2007 looks pretty bad for car sales, and going into next year, things could get worse. According to MSNBC "December sales are expected to fall around 4 percent,…
