A GAO report said that the Treasury failed to address a number of critical issues while implementing the financial rescue, including how to ensure its efforts are successful. (Report)
Results 1 - 10 of 921 for "CCE"
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...
Filed under: Forecasts, Recession, Financial CrisisA journalism professor of yours truly, Jon Sandberg, who also served in key positions for several Connecticut governors, had an interesting technique that he frequently deployed in seminars. A student would pose a question and Sandberg would say, "That's a good question. Is it acceptable and ethical to publish information that you know would sh...
Ford Motor Co. and General Motors Corp. post harsh declines in November U.S. vehicle sales, serving as timely reminders of the brutal climate as their top executives head to Capitol Hill in hopes of gaining access to $25 billion in loans.
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...
U.S. stocks see early gains accelerate, a day after the Dow Jones Industrial Average records its fourth-biggest point drop on record, as investors turn to prospects for a bailout of the ailing auto industry.
Filed under: Newsletters, Stocks to BuyJack Adamo has been a bull on U.S. Bancorp (NYSE: USB) and is now recommending doubling the position that he holds in his model portfolio. Here's the latest from his Insiders Plus newsletter. "US Bancorp is accepting $6.6 billion in new capital from the TARP program. Tier One capital will rise from 8.5% to 11.4% as a result of the new deal. "The company wi...
Tenuous 12/2/2008 11:45 AM It's true. Another reason that those big hedgies are sitting in so much cash is because they have been dealing with partners who want their money back. How could you not believe that Paul Tudor Jones is going to come back from this and prevail? He's down 5% in his major fund, but that doesn't matter to people. Meanwhile, it feels like ...
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...