According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for two years in exchange for a 79.9% stake. Reuters says that Barclays…
Stocks in Asia sold off sharply. The Nikkei fell 5% to 11,610. Mizuho Financial Group was down almost 10%. Canon and Toyota (TM) both sold off. The Hang Seng was down 5.4%…
Douglas A. McIntyre Ford (F) wants investors to think that there is profit in small cars. Since there is no money in SUVs and pick-ups, that is the company’s only option. Gas prices are probably…
According to Reuters, bond giant Pimco called for more governemt support for the financial system saying the the credit crisis could turn much worse. Reuters writes that Microssoft (MSFT) will begin its…
The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division of GMAC said it would let 5,000 people go. According to MSNBC,…
Toyota (TM) has already cut its sales targets for its fiscal 2008 year. Now it is taking down its forecast for 2009. According to The Wall Street Journal, "Japan’s biggest car maker…
According to Reuters, Toyota (TM) cut its 2009 sales forecast by almost 7%. Reuters reports that Fannie Mae (FNM) changed several of its top executives. Reuters writes that Starbucks (SBUX) management will…
The quality of American cars was supposed to be getting better. Perhaps that was an illusion. Part of the reason that investors thought GM (GM) and Ford (F) could come back was…
According to Reuters, Ford (F) will build a news luxury crossover vehicle. Reuters writes that Merrill Lynch (MER) will freeze all hiring through the end of the year. Reuters reports that the…
Have you tried going into a Toyota dealership to buy a new or used Toyota Prius over the last 12 to 18 months? If you said yes, then you know you can’t…
Douglas A. McIntyre Markets in Asia were The Nikkei fell .5% to 12,957. Canon was down 1% to 5160.Toyota (TM) dropped 1.6 to 4880. The Hang Seng slipping 1.6. Data from Reuters Douglas A. McIntyre
Douglas A. McIntyre According to Reuters, JP Morgan (JPM) lost $1.5 billion in July. Reuters writes the UBS (UBS) posted a huge loss and will split itself into a wealth management operation and an investmen…
It is a Category 5 irony that Toyota (TM) may be faced with exporting cars it makes in the US to other countries. It initially conquered the small car market in the…
According to Reuters, Freddie Mac (FRE) now has a negative net worth which means some investors think it should trade close to zero. Reuters writes that AIG (AIG) posted a huge loss…
According to Reuters, a new tally of votes for the Yahoo! (YHOO) board election shows a high percentage of protest votes. Reuters reports that the Fed held rates steady and indicated it…
