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...
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Picking out a CEO to go in technology right now might seem as though the argument could be almost any of them if you count share price only. That is doubly true if you look at just DRAM and flash memory makers. But the one stand out company which could use a new CEO is SanDisk Corp. (NASDAQ: SNDK). Dr. Eli Harari is a co-founder of the company, and he sits as Chairman, CEO, and as a member of ...
MERCEDES-BENZ (DAI): REPORTS US NOV SALES -30% Hyundai (HYMLF.PK): REPORTS US NOV SALES -40% Y/Y MAZDA: REPORTS US NOV SALES -31.3% Y/Y GM (GM): REPORTS NOV VEHICLE SALES -41.3% V -33%E BMW: REPORTS US NOV SALES -36.1% HONDA (HMC): REPORTS NOVEMBER US SALES -31.6% CHRYSLER: REPORTS NOV SALES -30% Y/Y PORSCHE: REPORTS US NOV SALES 1,378 V 2,662; -49% Y/Y FORD (F): REPORTS NOV SALES -30.6% V -32%...
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...
Citigroup, Inc. (NYSE: C) is still in a pinch despite more than a 100% bounce from recent lows, and its still-relatively new CEO is caught right in the middle of a storm he might not escape. This call comes with some mixed emotions because what is obvious is that Vikram Pandit has been trying to make this horrible banking year and this horrible environment as painless for the company's employe...
Israel Stocks: Market rises; Africa-Israel snaps back; Shufersal in book deal?
Tue, Dec 2, 12:03 PM ET
TEL AVIV (MarketWatch) - Israel stocks finished strong in the last hour of trading and rose on Tuesday, with a double-digit snapback in Africa-Israel buoying both the top index and the real-estate benchmark.
Buy, Sell or Hold Insight: GM Remains a High Risk Profit Play – Even as it Files its Turnaround Plan Today
Tue, Dec 2, 11:31 AM ET
With America’s “Big Three” automakers all due to submit turnaround plans to Congress today (Tuesday) – a requirement if General Motor Corp. (GM), Ford Motor Co. (F), and Chrysler Corp., are to receive $25 billion in government loans – I couldn’t help but recall the moment eight years ago when I realized the U.S. auto industry was skidding toward a financial c...
Financial advisor confidence in the economy and stock market improved for the first time since August, according to the Advisor Confidence Index. The benchmark, which is provided by Rydex Advisor Benchmarking, was at 82.46 in November, up 4% from 79.07 in October.
Dec. 1 (Bloomberg) — Treasuries rose, pushing yields to record lows, as Federal Reserve Chairman Ben S. Bernanke said the central bank may purchase Treasuries and target long-term interest rates to combat the deepening recession. …and the monetizing of debt begins. I’ve talked extensively in several issues of Bourbon and Bayonets about the coming turmoil in long dates U.S. tre...