GM has increased the price per share of its IPO from about $26 to nearly $33 and ratcheted up the number of shares it will offer by 30% to 478 million shares,…
BHP Billiton (NYSE: BHP) abandoned its bid for Potah (NYSE: POT) and said it would begin a $4.2 billion buyback. (Reuters) SAIC has agreed to take a stake in the GM IPO.…
Chrysler still bleeds money based on its third quarter earnings release. The numbers stand in contrast to recent profits reported by GM, Ford Motor (NYSE: F), and Toyota (NYSE: TM). The figures…
Toyota Motor (NYSE: TM) announced its earnings for the quarter that ended September 30, and they were impressive. The company damaged its reputation due to millions of recalls and the recent value…
The Federal Reserve may allow some of the nation’s strongest banks to raise their dividends. (Reuters) The S&P and DJIA hit 2 year highs. (Reuters) China attacked the US over its plans…
Car manufacturers will announce their domestic sales for October today. Analysts expect them to be good, although that is relative. The annual run rate of US vehicle sales will probably be below…
A lawsuit alleges that Toyota Motor (NYSE: TM) secretly bought problem cars. (Reuters) Microsoft (NASDAQ: MSFT) earnings were better than expected. (Reuters) The AIA IPO moved up 17% on the Hong Kong…
VW and Toyota (NYSE: TM) have competition from a US car company again–Ford. Ford Motor Company (NYSE: F) Q net income of $1.7 billion, $.43 cents per share, a $690 million improvement…
Nissan’s flagship brand is Infiniti which competes with BMW, Mercedes, the Lexus brand of Toyota (NYSE: TM), and the Acura brand of Honda (NYSE: HMC). The Cadillac brand of GM needs to…
The Transportation Department probably keeps statistics on car recalls which date back to the Model T. It does not matter much since problem cars are recalled for an infinite number of reasons…
Douglas A. McIntyre Reuters: Geithner said the major currencies are “in alignment” but need negotiations to make sure their status remains that way. Reuters: Toyota (NYSE: TM) will fix 1.52 million Avalons. Reuters:…
WSJ: Private equity interests and AOL (NYSE: AOL) may make a bid for Yahoo! (NASDAQ: YHOO). Reuters: RealtyTrac said the number of homes taken by foreclosure topped 100,000 for the first time…
S&P gave GM a corporate rating of “BB-,” which put it well into “junk” territory. However, the credit agency was optimistic about some of the No.1 American car company’s prospects. GM made…
Reuters: The federal government will supply states with $1.5 billion in funds for small businesses. Reuters: Financial leaders around the world have begun to work to stop a currency war. Reuters: Japan…
Reuters: George Soros says Germany has a deflation problem. Reuters: China helped keep the yuan’s value low by giving aid to Greece. Reuters: China ignored EU comments about the yuan. Reuters: Congress…