GM (GM) distributed its turnaround plan to Congress. It was almost exactly what the market expected, but it fudges one key issue, which is what happens to the company's finances if it loses a great deal more market share. According to the firm, "GM is seeking a term bridge loan facility from the Federal government of $12 billion to cover operating requirements under a baseline forecast of 12 mi...
Results 1 - 10 of 2546 for "13"
Excel Maritime (EXM) Bad period for shipping business. Falls to $3.25 from 52-week high of $60.99. Xenoport (XNPT) New drug fails in study. Drops to $17.90 from 52-week high of $66.34. Sierra Wireless (SWIR) Will be buying Wavecom. Wall St. hates deal. Falls to $5,42 from 52-week high of $21.18. Palm (PALM) Smartphone also-ran revised quarter down. Falls to $1.14 from 52-week high of $8.94. Dou...
Hedge funds have had a lousy year, losing an average of 10.8%. But two hedge funds -- big winners in 2007 -- kept making money this year as well. Meanwhile, those two winners mask an awful lot of losers who will probably find their way into oblivion. The winners for 2008 (at least through September) are run by James Simons ( a math genius whose money-making techniques elude explanation) and Joh...
In this market, a healthy paranoia will make you money.
Filed under: Delta Air Lines (DAL)Delta may still be ready when you are, but in 2009 they're not going to be as big. Citing the global recession, Delta (NYSE: DAL) announced that it will cut an additional 6-8% of capacity in 2009. The move will result in an up to 10% reduction in domestic capacity, when one includes the impact of previously-announced operational cuts. Delta also said it will el...
Filed under: Rants and raves, Money and Finance Today, Wachovia Corp (WB), Wells Fargo (WFC), Chasing Value, Stocks to Buy, Best Stocks for 2008This has been a terrible year for financial institutions. However, Wells Fargo (NYSE: WFC) has been able to make it through the obstacle course better than most.The stock has been up and down with the market but the scandals and large write-downs that h...
Filed under: Good newsIt must be something in the water in Bentonville, Arkansas. The tiny town is home to Wal-Mart (NYSE: WMT), of course, but also the less famous America's Car-Mart (NASDAQ: CRMT), which operates 92 used car dealerships in the South-Central United States.While the auto industry is mired in the biggest downturn in its history, America's Car-Mart is posting some pretty impressi...
Semiconductor companies are planning sharp production cuts for both Q4 2008 and Q1 2009, according to a report today by Craig Berger, chip analyst at Friedman Billings Ramsey. He says that PC chip firms are seeing “significant production weakness,” as are communications IC producers - and that semiconductor companies are adjusting their own output accordingly. Here’s a rundown...
Filed under: Products and services, Hewlett-Packard (HPQ), Best Buy (BBY), Black Friday Dell Inc. (NASDAQ: DELL) came in second to global PC sales leader Hewlett-Packard Co. (NYSE: HPQ) during the Black Friday shopping frenzy and the ensuing weekend, according to analyst firm Thomas Weisel Partners. The report, however, analyzed sales only at a single retailer, Best Buy Co. (NYSE: BBY).Thomas W...
Street Signs: Name the most expensive product in Carmen Wong Ulrich's "Loser List" blog:
Tue, Dec 2, 2:02 PM ET
Question: Name the most expensive product in Carmen Wong Ulrich's "Loser List" blog: Answer: Kenmore Elite Dishwasher 1134(2)