Detroit has gone to the government well and collected enough money to get it through to late March. It will present forecasts to the government based on cutting costs, keeping market share,…
According to Reuters, GMAC will get $6 billion from the government with $1 billion coming through GM (GM). Reuters reports that violence in Gaza intensified. Reuters writes that Japan is looking at…
The easy answer to the question of what US operations of The Big Three are worth is that they are worth nothing. That assessment is entirely accurate based on the current encumbrances…
A lot of fairly well-known public companies either disappeared or went bankrupt this year. Circuit City is on the list. Based on the most recent news GM may get added soon. 24/7…
According to Reuters, Chrysler will idle its plant for a month to cut inventory and costs. Reuters reports that the SEC is under fire over the Madoff investigation. Reuters reports that Obama…
Markets in Asia were mostly higher. The Nikkei rose .6% to 8,867. Honda (HMC) dropped after cutting profit forecasts. The Hang Seng rose .1% to 14,474. The Shangai Composite moved up 2%…
Douglas A. McIntyre According to Reuters, the Fed may need to use a trillion dollars to halt the economy from moving into a period of deflation. Reuters reports that OPEC will make the largest production…
Hand it to Andrew Grove, the former CEO of Intel (INTC). He wrote a book about how paranoid he is and why that kept his company ahead of the competition. It turns…
Markets in Asia were mixed. The Nikkei rose .8% to 8,396. Honda (HMC) rose slightly. Nintendo was up on news of strong sales. The Hang Seng fell 2.2% to 14,718. The Shanghai…
Douglas A. McIntyre GM (GM) distributed its turnaround plan to Congress. It was almost exactly what the market expected, but it fudges one key issue, which is what happens to the company’s finances if it…
A lot of fat, pork-barreling Congressmen who are supposed to vote on an auto bailout just want to go home for the holidays. Many of them are out of work. They were…
Markets in Asia were sharply lower. The Niikkei fell 6.4% to 7,964. Honda (HMC) fell on a strong dollar. The Hang Seng was off 4.8% to 13,636. China Life (LFC) and China…
Douglas A. McIntyre Markets in Asia were mixed. The Nikkei fell 1.4% to 8,397. Honda (HMC) fell sharply on concerns about sales. The Hang Seng was up 2% to 14,160. The Shanghai Composite rose 1.3%…
Douglas A. McIntyre Near the Detroit Metropolitan Airport, visible from several major highways, is a four-story tall replica of a Uniroyal tire. It was built for the 1964 World’s Fair in New York and was…
Markets in Asia were mostly higher after a rally in the US. The Nikkei was up 5.2% to 8,324. Canon and Honda (HMC) both rose. The Hang Seng was up 3% to…
Douglas A. McIntyre 