The billionaire financier Carl C. Icahn is taking one of his best pals to court. Mr. Icahn’s High River Limited Partnership has filed a lawsuit against the Realogy Corporation, seeking to block the company’s $1.1 billion debt refinancing deal. Realogy, owner of the franchised real estate brokers Century 21 and Coldwell Banker, is controlled by the [...]
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24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week The CEOs are chosen on the basis of their company’s stock market and financial performances compared with their own industry groups and all large companies traded on US markets. Only firms with market caps of more than $5 billion were considered. 24/7 re...
DETROIT (Reuters) - Chrysler LLC on Tuesday asked the U.S. government for an emergency $7-billion bridge loan by the end of the year, saying it needs the funds to survive a brutal downturn in sales that has depleted its cash reserves.
Senate Finance Committee Chairman Max Baucus says he's concerned that a fellow lawmaker is holding up the nomination of a key official to oversee the allocation of the $700 billion bank-bailout fund.
It takes all kinds to make a world. Trip Chowdhry of Global Equities Research may not be very bright, but he is intrepid. According to an account in Barron's, the analyst thinks Google's (GOOG) revenue will drop for each of the next two years. "He sees the company posting revenues of $15.71 billion this year, $15.23 billion next year and $14.57 billion in 2010, with profits of $19.44 a share th...
General Motors Inc. is sort of the anti-Ross Perot, the company that informs you that no matter what the circumstance, it still needs a boatload of money just to make getting up in the morning worth it. The automotive giant (ish) asked for $18 billion in federal loans, one-and-a-half times the size of what it asked for a few weeks ago, amid a 41% decline in auto sales in November. But the thin...
AUBURN HILLS, Mich. (AP) -- Chrysler says that without a federal loan, its cash could fall below the minimum amount required to run the company in the first quarter of next year....
General Motors will drastically cut jobs, factories, brands and executive pay in a desperate attempt to persuade Congress to give it $12 billion in loans and a $6 billion credit line to stave off a financial collapse, The New York Times’s Bill Vlasic reports from Washington. In an unabashed plea for an emergency government rescue, G.M. [...]
The company says it needs $12 billion in loans and another $6 billion credit line in case conditions worsen.
Closing Bell: Markets bounce after yesterday's sell-off; BA, F, GE, DOW all up, GS down
Tue, Dec 2, 4:22 PM ET
Filed under: After the bell, General Electric (GE), Ford Motor (F), Market matters, Boeing Co (BA), Goldman Sachs Group (GS), Dow Chemical (DOW)Equities managed a comeback after yesterday's huge sell-off. Today was on little economic data, but "less bad" data from companies helped as well as overseas markets stabilizing before U.S. traders woke up this morning. We also did not see the continued...