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. [...]
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Target, Apple and Jack in the Box reinvented their brands through damage control, brand differentiation and broadening appeal. Put their strategies to use for your business.
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...
Filed under: Ford Motor (F), General Motors (GM), Toyota Motor Corp. (TM)General Motors Corp. (NYSE: GM) and Ford (NYSE: F) are going in front of Congress today to ask for $25 billion worth of taxpayer money. (It seems they won't be flying in separate private jets.) GM will announce a reopening of its UAW contract and the winding down of its Hummer, Pontiac, Saab and Saturn brands. Ford will tr...
5 stocks with super yields, 7 price tags that are falling & 10 investing winners in 2008 - Today in Money 12/2
Tue, Dec 2, 9:09 AM ET
Filed under: General Electric (GE), Ford Motor (F), General Motors (GM), Diageo plc (DEO), Money and Finance Today, Sears Holdings (SHLD), Goldman Sachs Group (GS), Mattel, Inc (MAT), Staples Inc (SPLS)In the News: · Stocks Look to Rebound From Monday's Huge Drop · Big 3 Automakers Head Back to Washington to Ask Congress for Money · GM Looking to Rid Itself of Brands Like S...
Thanksgiving rally falls with a thud. After a five-day rally that spurred hopes of a lasting recovery, yesterday's market gave back much of the gains in one of its worst days ever. Monday's trading saw the Dow Jones Industrial Average down 7.7% to 8,149.09, the S&P 500 -8.9% to 816.21 and Nasdaq -8.95% to 1,398.07. The massive sell-off was spurred on by another round of negative economic n...
For the Big Three automakers to win over Washington lawmakers in their bid for federal aid, they will have to address a critical question in the business plans they give to Congress on Tuesday, The New York Times’s Bill Vlasic writes. Just how serious are they about shrinking their vast lineups of different brands and models [...]
Filed under: Forecasts, Other issues"My Maserati does one eighty five,I lost my license, now I don't drive."-- "Life's Been Good," Joe Walsh U.S. auto sales most likely will register yet another year-over-year decline when Big Three auto manufacturers report November sales on Tuesday. But that's not to say that all segments of the auto market are in free-fall, revenue wise: sales of many high-e...
Garmin (GRMN) shares are under pressure on concerns about rampant discounting of GPS devices. Analysts at both Wedbush Morgan and Deutsche Bank today expressed concerned about the trend, bringing down their target price for the stock. Wedbush Morgan’s Scott Sutherland cut his target on the stock to $19, from $26. He cut his 2008 EPS estimate to $3.63, from $3.72; for 2009, he goes to $3.1...
Filed under: Analyst upgrades and downgrades, Netflix, Inc. (NFLX), Analyst initiations, Limited Brands (LTD), BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RTP)Analyst upgrades: Oppenheimer upgraded shares of Premiere Global (NYSE: PGI) to Outperform from Perform on valuation and believes the company's strategic initiatives will drive "healthy" top-line results in a difficult economy. Citigro...