Asia Markets 7/3/2008 (TM)(SNE)(LFC)(SNP)
Most markets in Asia fell modestly. The Nikkei was off .2% to 13,265. Sony (SNE) was up .8% to 4600.Toyota (TM) was down .8% to 4900. The Hang Seng fell .6% to…
Most markets in Asia fell modestly. The Nikkei was off .2% to 13,265. Sony (SNE) was up .8% to 4600.Toyota (TM) was down .8% to 4900. The Hang Seng fell .6% to…
Merrill Lynch has said what many people already believe. One of the large US car companies could go into bankruptcy. Merrill’s comments target GM (GM). The brokerage’s analysis is that the biggest…
It speaks volumes that Honda (HMC), an also-ran Japanese car company behind Toyota (TM) for years, had two of the top five selling cars in the US during June. It is a…
The June numbers for domestic vehicles sales were worse than expected. Most of the car companies posted 30% or greater declines in light truck and SUV units. For Ford (F), total units…
It has been over a year since hedge fund Cerberus bought Chrysler and installed Home Depot (HD) pariah Robert Nardelli as the car company’s unlikely CEO. Cerberus coughed up $7.4 billion for…
On Tuesday, it won’t just be the first day of the month nor just the first day of the quarter. It is yet another reporting day for new car and truck sales…
According to Reuters, a proposal from the SEC would cut the role of credit rating agencies. Reuters writes that United (UAUA) will lay-off 950 pilots. Reuters reports that GM (GM) will cut…
The car companies may be on a treasure hunt by the end of the year to improve their balance sheets with new cash. North American car and SUV sales are that and.…
Most of the financial papers have stories about a big management reorganization at Yahoo!. A number of the top people are already hitting the doors like patrons fleeing a burning theater. According…
According to Reuters, Paulson will push for more market and financial regulations. Reuters writes the Anheuser-Busch (BUD) board will meet on the InBev offer. Reuters reports that the GAO was critical of…
Markets in Asia fell sharply. The Nikkei was off 2.2% to 14,130. Mazda fell 5.5% to 568. Toyota (TM) fell 3.2% to 5490. The Hang Seng dropped 2.2% to 22,807. China Life…
Markets in Asia were mostly higher. The Nikkei rose .7% to 14,453. Olympus rose 3.3% to 3750. Toyota (TM) rose 1.3% to 5670. The Hang Seng rose 1.5% to 23,397. China Life…
Ford (F) is making the rounds of its employees and unions to tell them that the company will have to take out more costs. According to The Wall Street Journal, the word…
Ford (F) wants the Feds to help it build and market an electric car. The vehicle manufacturer argues that if Congress does not give incentives to citizens who want to buy the…
Investors figure the only way that GM (GM) makes it out of its current troubles is that its overseas operations make money to offset trouble in the US. In the domestic market,…