Markets in Asia fell. The Nikkei dropped 6.4% to 7,163.Mitsubishi UFJ Financial fell on news it may need to raise money. Toyota (TM) also fell sharply. The Hang Seng fell 8.9% to…
Douglas A. McIntyre Markets in Asia were sharply lower. The Nikkei dropped 9.6% to 7,649. Sony (SNE) fell after warning on earnings. Honda (HMC) and Toyota (TM) were both down over 5%. The Hang Seng…
Founded during The Great Depression, the UAW is now more than seventy years old. Henry Ford once supposedly said that the union would organize Ford (F) workers over his dead body. Ford…
Toyota is not supposed to have to give out any incentives to sell its cars. They perform better than other vehicles in customer satisfaction tests. They get good gas mileage. Toyota virtually…
According to Reuters, policy makers around the world are trying to deal with the fact that the economy is moving into a deep recession. Reuters writes that Google (GOOG) exceeded forecasts and…
According to Reuters, economic attention has now turned to the recession. Reuters reports that a new survey shows that half of all workers are worried about their jobs Reuters reports that unions…
Markets in Asia were up sharply. The Nikkei rose 14.3% to 9,456. Mitsubishi UFJ was up 14%. Toyota (TM) rose 15.5%. Honda (HMC) rose 17.8%. The Hang Seng moved up 4.4% to…
Yesterday JD Power said that the global car market could "collapse" and GM (GM) fell 31%. Today S&P is saying that "General Motors Corp., Ford Motor Co. and Chrysler LLC may be…
According to Reuters, the US is looking at guaranteeing billions of dollars of bank debt and temporarily insuring all bank deposits. Reuters reports that Citigroup (C) has ended talks about taking over…
According to Reuters, US markets fell to five-year lows. Reuters writes that Wells Fargo (WFC) could end up with over 75% of Wachovia;s (WB) deposits. Reuters reports that Morgan Stanley’s (MS) deal…
Markets in Asia were mixed and Europe opened higher. The Nikkei fell 3% to 10,156. Canon, a major exporter, fell. Honda (HMC) and Toyota (TM) were both down about 5%. Hong Kong…
Markets in Asia were sharply lower and Shanghai was closed. The Nikkei fell 1.9% to 10,938. According to Reuters, Toyota (TM) hit a three-year low and Nissan hit a seven-year low. Kyocera…
Douglas A. McIntyre Updated: 31 October 2008 Not all companies and industries will be hit equally hard by the consumer credit crisis. Operations such as Procter & Gamble (PG), McDonald’s (MCD), and Wal-Mart (WMT) may…
Markets in Asia were mostly lower with Shanghai closed for the holiday. The Nikkei was down .8% to 11,273. Toyota (TM) fell on poor US sales. Honda (HMC) was down as much…
Detroit is getting its $25 billion in loan guarantees from the federal government. Ford (F), GM (GM), and Chrysler did not have access to enough capital to upgrade their plants without outside…