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…
According to Retuers, Alan Greenspan says that housing price will fall much further due to oversupply. Reuters writes that the UAW and GM (GM) will begin bagaining again on Friday. Reuters reports…
According to several media reports, the UAW has walked away from a GM (GM) proposal to put money into a health care fund covering employees and managed by the union. GM wanted…
Douglas A. McIntyre According to Reuters, Nasdaq (NDAQ) and Borse Dubai will team up and buy the Swedish OMX. Reuters writes that Sony (SNE) will delay the launch of its Home online community of PS3,…
Now that it appears that there is a good chance that the UAW will accept a transfer of funds used to cover healthcare from the Big Three to the union. the real…
Douglas A. McIntyre GM (GM) suffered an analyst downgrade today. Goldman Sachs moved the shares from "buy" to "neutral". In a way, it is a surprise that it did not happen sooner. On September 10,…
CAM cut to Mkt Perform at Wachovia.CYPB started as Buy at Citigroup.DMAN started as Outperform at Credit Suisse.ENB raised to Outperform at CIBC.ERTS started as Buy at Goldman Sachs.ETFC cut to Neutral…