GENESCO (GCO) Broken buy-out. Down to $29.04 from 52-week high of $54.15. Unisys (UIS) No new news. Old line computer maker working on transformation to services. Down to $5.13 from 52-week high…
Just a couple of months after hitting a 52-week high at $43.20, GM (GM) touched a new 52-week low today at $27.94. Maybe it was word that some auto industry experts think…
Douglas A. McIntyre Imagine what would happen if vehicle sales in the US dropped nearly 10% from one year to the next. Car sales did drop 11% in America during 1991 and hit a low…
It looked like things were getting better for the US car industry, but then along came higher fuel prices and the housing slump. Those UAW deals don’t look like such a big…
Douglas A. McIntyre Perhaps Americans thought they would never hear it, but the Chinese have admitted that US consumption is one of the critical engines of the Asian country’s 10% annual GDP growth rate. And,…
According to Reuters, executives at Ford (F) say that they see a tough US market and will cut production as necessary. Reuters reports that Northern Rock received an injunction from the publication…
In the past month, fourth-quarter earnings expectations for companies in the S&P 500 have fallen by nearly half, according to Thomson Financial. So says the FT. The problem has several sources and…
General Motors Corp. (NYSE:GM) is trading down sharply after disclosing huge charges last night. The auto giant posted $43.1 Billion in quarterly revenues GM does note that ongoing challenges in the U.S.…
Douglas A. McIntyre General Motors Corp. (NYSE:GM) is trading down sharply after disclosing huge charges last night. The auto giant posted $43.1 Billion in quarterly revenues GM does note that ongoing challenges in the U.S.…
Douglas A. McIntyre According to Reuters, profits rose 2.7% at Toyota (TM) and the company raised full-year forecasts. Reuters writes that GM (GM) will take a $39 billion non-cash charge in Q3 Reuters reports that…
GM (GM) will take a $39 billion write-down for Q3 earnings. According to The Wall Street Journal "the move is triggered as the company expects to lose money on an adjusted basis…
Douglas A. McIntyre Ford (F) will be putting over $13 billion into a fund which the UAW will use to pay health-care costs. That will take the liability for these expenses off Ford’s balance sheet…
According to Reuters, Toyota (TM) and GM (GM) gained sales in October despite a weak US car market. Reuters writes that News Corp’s (NWS) MySpace joined the new Google (GOOG) association of…
Ford (F) had another bad month in November with US vehicle sales falling almost 10%. The double-digit monthly drops are now a bad habit. The company has also indicated that it is…
GM (GM) had another pretty good month in November. Sales of its cars and light trucks moved up 3.4% to just over 307,000. GM’s stock was off 4.2% to $37.54. Douglas A.…
Douglas A. McIntyre