According to Reuters, Obama is working on a program to help some homeowners pay their mortgages. Reuters reports that Wall St’s appetite to slim down perks will begin to face tests. Reuters…
Toyota (TM) will make large cuts in its North American operations as sales in the region continue to fall. Given the strength of the Japanese company’s balance sheet, the moves speak volumes…
GM (GM) is preparing to go through another round of layoffs. It has hopes, which are probably futile, that it can push out enough people, in addition to getting creditor concessions and…
Nissan hit the car industry with news that was worse than expected. It will not only post a very large loss for the year, it will cut 20,000 jobs. What is more…
Barry Bonds’ home run record will never be broken. No car company will ever do better than Toyota (TM). The Japanese company said it would lose $4 billion in the current fiscal…
According to Reuters, Democrats say that the Senate will pass the stimulus bill today. Reuters reports that Moody’s cut Toyota’s (TM) rating for the first time in 10 years. Reuters writes that…
Toyota (TM) has cut its production forecasts for 2009 for the third time. That is hardly good news for Ford (F) and GM (GM) which rely on a balance of foreign and…
According to Reuters, Republican may keep fighting Obama on the stimulus package. Reuters reports that Roche dropped its bid on Genentech (DNA) to $42 billion. Reuters writes that the Administration will release…
The US car market does not need more companies competing for a shrinking pie. Ideally, it should have less. Ford (F) may inadvertently be letting China into the American race for market…
Toyota (TM) moved from making most of its cars in Japan to opening plants all over the world as it marched to become the No.1 car company. The process took nearly two…
Douglas A. McIntyre According to Reuters, the confidence of CEOs at Davos is low as the recession and credit crisis deepen. Reuters reports that Yahoo! (YHOO) slightly beat earnings but posted a weak forecast. Reuters…
Toyota (TM) is the most successful car company in the world based on any important measurement. It is No.1 in global sales, profits, and has an impressive balance sheet especially in contrast…
Douglas A. McIntyre According to Reuters, Samsung had its first ever quarterly loss. Reuters reports that Pfizer (PFE) is in takeover talks with Wyeth (WYE), a deal that would be worth $60 billion. Reuters reports…
According to Reuters, a House committee advanced the economic stimulus bill. Reuters reports that China’s GDP growth slowed. Reuters reports that exports from Japan dropped sharply. Reuters writes that Sony (SNE) warned…
According to Reuters, Chrysler and Fiat in are in talks about a possible partnership. Reuters reports that Carlos Slim will invest $250 million in The New York Times. Reuters writes that China…
