According to Reuters, UBS (UBS) will write-off $3.4 billion, another victim of the credit crunch. Reuters writes that the Teamsters and UPS (UPS) have come to a new contract. Reuters writes that…
If most investors were asked what happened to GM’s (GM) stock price during the third quarter, they would probably say it went up. Wrong. The shares were actually off slightly. As UAW…
Douglas A. McIntyre Auto research firm Edmunds and other analysts say Ford’s (F) sales will drop as much as 18% in September. As one analyst quoted at MarketWatch said "New cars and trucks from other…
The Detroit News is reporting that Ford (F) does not want the same deal that the UAW offered GM (GM). It wants a much better one. That might PO the union. As…
GM (GM) can cut all of the costs it wants to, and get a world class contract with the UAW. And, Ford (F) can follow suit. But, if they can’t sell cars,…
The rally in GM’s (GM) stock was short-lived. Actually, it is dead. The company’s shares did not even reach a 52-week high after news of it big settlement with the UAW. Wall…
At 4 AM, the UAW reached an agreeement with GM (GM) on a tentative four-year contract. The deal is said to create a two-tier compensation system and establish a new health fund…
Douglas A. McIntyre According to Reuters, Toyota (TM) says that its sales in the US may not rise this month. Reuters writes that Microsoft (MSFT) will replace a number of damaged disks from its new…
The media said there would be no strike by the UAW. GM (GM) management seemed to indicate that talks on a new contract were getting close. But, now the union is out,…
Douglas A. McIntyre According to Reuters, Microsoft (MSFT) launched its Halo 3 game which is essential to driving Xbox sales. Reuters writes that the UAW struck GM (GM) as contract negotiations failed. Reuters reportst that…
It is easy to point to Chinese cars as being low-quality and cheap. But, in place like Africa and Latin America, that may not be such a bad thing. And, the US,…
According to Reuters, the UAW set a strike deadline for today because it cannot reach a job security agreeement with GM (GM). Reuters writes that Starbucks (SBUX) will give away 50 million…
Late word from Detroit is that GM (GM) and the UAW have agreed to set up a union controlled fund that would handle healthcare payments to the car company’s union workers. The…
Douglas A. McIntyre GM (GM) and the UAW are getting close to a contract according to news from The Wall Street Journal and several other sources. WSJ.com comments that the parties have moved "toward a…
Douglas A. McIntyre The September short interest for NYSE stocks is out, and a number of big names in mortgages, retail ,and housing say bets against them move up. The figures compare shares short on…
