Lennar (NYSE: LEN) received a large amount of bad press after it was disclosed that an outsider had been accused of insider trading in the company’s shares Alcatel Lucent’s (NYSE: ALU) image…
Time now for our daily look at commodity prices and news. Copper prices rose to their highest level in nearly three weeks as the estimated cost to rebuild quake-devastated areas of Japan…
Delta (NYSE: DAL) suffered from bad press after its CEO noted the airline could lose $400 million in sales due to flight reductions to Japan. Honda was hurt by news that its…
The Nikkei rose 4.3% today to 9,608. Another two days of similar gains would put the index at nearly 10,550, which is close to where it traded before the devastating earthquake and…
GM (NYSE: GM) management informed the company’s workers this weekend that it would cut all “nonessential” costs because of parts shortages which are a result of the Japanese earthquake. GM has many…
Goldman Sachs Group (NYSE: GS) cut 5% of the employees in its trading operation (Reuters) Congress added another stop gap budget bill to take the federal government’s funding through April 8 (Reuters)…
The impact and aftermath of the Japanese earthquake on the US car market has been speculated about and analyzed pretty carefully in the past few days. As the second largest car market…
Americans may cut back car purchase as shipments of automobiles from Japan fall due to the earthquake and tsunami there. The effect on US car companies would seem to be positive, but…
3.20 AM The Nikkei ended up 5.7% higher as problems with leaking reactors appeared to be temporarily under control. 8.50 PM The Nikkei recovered some of its lost ground in early trading…
The rook of a second nuclear reactor blew off in Japan. (Reuters) A hacker group plans to release Bank of America (NYSE: BAC) e-mails today. (Reuters) Members of Congress are certain of…
It is hard to focus solely on the economic impact of tragedy and catastrophe when you read headlines such as “death count 60…” and “death count exceeding 100…” Unfortunately, the damage and…
Toyota Motor Corp. (NYSE: TM) has just recovered from a year that could have sunk lesser companies. Mere survival, though, is not Toyota’s goal. The company’s president and grandson of Toyota’s founder,…
History could be about to repeat itself. In 2008, gasoline prices moved above $3/gallon and sales of gas-guzzling SUVs, pickups, and some cars plummeted. With gasoline prices moving inexorably toward $4/gallon today,…
There is a car price war about to take place in the US. It will be driven by the large number of new models which have begun to be released, the high…
US domestic vehicle sales reached a a 27-year low in 2009 when only 10.4 million units were sold. The figure for 2005 was 16.94 million, a period of unusual prosperity. In other…
