Reuters: Kraft (NYSE:KFT) sold it pizza business to Nestle and lifted the cash portion of its deal to buy Cadbury (NYSE:CBY). Reuters: Cold weather pushed oil prices near $82. Reuters: US healthcare spending…
GM said today that its sales in China were up 67% in 2009 to 1.83 million vehicles. The No.1 US car company believes that things could get even better. “Despite the sales…
The stock market of Sri Lanka, birthplace of Galleon hedge fund founder and alleged inside trader Raj Rajaratnam, posted the best return of any national index in the world. Its CSE of the Colombo…
Markets in Asia were higher. The Nikkei rose a fraction to 10,638. Toyota (NYSE:TM) and Honda (NYSE:HMC) moved up. JAL hit record lows on fears of bankruptcy. The Hang Seng was up…
Hugo Chavez, Venezuela’s president-for-life, has pushed major oil companies that would not pay tariffs to his government and give up some of their assets out of the South American nation. He recently…
Hyundai is likely to continue its string of sharply improved monthly sales in December.The firm is expected to sell 63,000 cars this month when its Hyundai and Kia nameplates are taken together. That…
Reuters: US business investment is rising. Reuters: Another outage shut down RIM’s (NYSE:RIMM) BlackBerry network. Reuters: Geithner said tight lending could hurt US economy. Reuters: Microsoft (NASDAQ:MSFT) lost an appeal over IP…
Ford (NYSE:F) said it would offer buyouts to its 41,000 US factory workers. The terms are generous and give the rank-and-file large lump sum payments and vouchers for Ford vehicles. Ford explained…
Markets in Asia were mixed. The Nikkei rose 1.9% to 10,379. Toyota (NYSE:TM) rose sharply. The Hang Seng was up .7% to 21,092. The Shanghai Composite fell 2.3% to 3,051. At the…
Douglas A. McIntyre Reuters: Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) will pay back TARP funds. Reuters: Kraft (NYSE:KFT) says it will be disciplined in its Cadbury (NYSE:CBY) buyout effort. Reuters: Some of AIG’s (NYSE:AIG) top staff…
It is not entirely clear that consumers want plug-in electric cars, but that is not keeping Toyota (NYSE:TM) from marketing one, probably in two years. Hybrids are less expensive and get up…
Douglas A. McIntyre Markets in Asia were mixed. The Nikkei fell a fraction to 10,106. Toyota (NYSE:TM) and Mitisubishi UFJ (NYSE:MTU) fell The Hang Seng rose .8% to 22,078. The Shanghai Composite was up 1.7%…
JD Power’s Sales Satisfaction Index Study for 2009 has been published. The research firm questioned 48,000 people. American cars did well as they have for several years in the Powers Initial Quality…
Markets in Asia fell sharply. The Nikkei dropped 1.3% to 10,005. Honda (NYSE:HMC) and Toyota (NYSE:TM) fell. The Hang Seng was off 1.4% to 21,761. HSBC (NYSE:HBC) fell. The Shanghai Composite was…
J. D. Power and Associates released its new 2009 sales satisfaction index. The survey covers responses from 48,000 people and “is measured for five factors: dealership facility; salesperson; paperwork/finance process; delivery process; and vehicle…
