Owning one of those new cars that runs on ethanol or electricity may be more expensive than the old-school gas versions, even if petrol stays at $3.50 a gallon. The math wizards…
April sales at GM (GM) fell 16.2% to 257,638. Adjusted for two extra selling days sales dropped 22.7% led by a 32 percent decline in truck sales. Reuters reports that iInventory fell…
Detroit is now viewed as a metaphor for the car industry in the US, even if GM (GM) and Ford (F) are the only public companies based there. For purposes of domestic…
With a recession in full swing, Microsoft (MSFT), Sony (SNE), and Nintendo may have to cut the prices of the Xbox 360, Wii, and PS3. At least that is what the head…
The shell game of controlling gas and diesel prices in China is not terribly clever, but it has worked. The government and the oil & refinery companies which it controls buy crude…
Acording to Reuters profits at Apple (AAPL) rose but Wall St. did not like margins. Reuters reports that Starbucks (SBUX) cut its outlook due to the housing crisis. Reuters writes that Amazon’s…
According to Reuters, Yahoo! (YHOO) earnings met expectations. Microsoft (MSFT) indicated it would not raise its bid. Reuters writes that the price of corn and rice moved up sharply. Reuters reports that…
Markets in Asia were mixed. The .2% to 13,579. NEC was up 2.7% to 482. Toyota (TM) was donw 1.7% to 5140. The Hang Seng was up 1% to 25,197. China Petroleum…
Douglas A. McIntyre Markets in Asia were mostly higher. The Nikkei was up 1.9% to 13,398. Canon was up 5.1% to 4850. Sony (SNE) was up 4.3% to 4370. Toyota (TM) was up 2.7% to…
Markets in Asia were mostly higher. The Nikkei rose 2.9% to 13,324. Mazda was up 8.9% to 367. Toyota (TM) was up 2.5% to 4950. The Hang Seng rose 1.6% to 24,580.…
Douglas A. McIntyre GM (NYSE: GM) and Toyota (NYSE: TM) are, between the two of them, recalling 662,000 cars in the US, a market where only 15 million vehicles will be sold this year. Most…
According to Reuters, Yahoo! (YHOO) is seeking a merger with Time Warner’s (TWX) AOL which Microsoft (MSFT) and News Corp (NWS) at a joint bid for the No.2 search company. Reuters writes…
There are only six companies left with "AAA" ratings from both S&P and Moody’s. The are Automatic Data Processing (ADP), Berkshire Hathaway (BRK), GE (GE), Johnson & Johnson (JNJ), Exxon (XOM), and…
According to Reuters, Alcoa (AA) profits fell by half due to high energy costs and a weak dollar. Retuers reports that AMD (AMD) cut guidance and will lay-off 10% of its staff.…
Once The Justice Department cleared the merger of Sirius (NASDAQ: SIRI) with XM Satellite (NASDAQ: XMSR) and there was some anticipation that the deal would get done the shares of both companies…