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 ...
Former AOL CEO Jonathan Miller is attempting to line up the financing to buy the struggling portal.
Two days before the chief executives of Detroit’s Big Three - General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler Corp. - march back to Capitol Hill to again petition Congress for a $25 billion bailout, details about each company’s plan to scale back operations are emerging. Each CEO - GM’s Richard Wagoner, Ford Chief Executive Alan Mulally and Chrysler’s Robert ...
CHICAGO (Reuters) - U.S. credit card write-offs will continue to increase in 2009, tracking roughly with the rising unemployment rate, the top executive at Discover Financial Services said on Tuesday.
Commence Kabuki. With the Detroit automakers in the late stages of supplication, a predictable ritual will now take place. The CEOs of GM, Ford (F), and Chrysler will do as instructed: travel like common men from Detroit to Washington and present the government with new-and-improved restructuring plans showing that this time, they really are serious about slaughtering sacred cows and right-sizi...
Commence Kabuki. With the Detroit automakers in the late stages of supplication, a predictable ritual will now take place. The CEOs of [[GM]], Ford (F), and Chrysler will do as instructed: travel like common men from Detroit to Washington and present the government with new-and-improved restructuring plans showing that this time, they really are serious about slaughtering sacred cows and right-...
Well, here’s a new twist to the Yahoo (YHOO) saga. According to the Wall Street Journal, former AOL chief Jonathan Miller is trying to raise money to buy all or part of the company. The story is sourced to “people familiar with the matter.” The story says Miller has been talking to private equity investors and sovereign wealth funds for months trying to come up the money for a...
Yahoo! (YHOO) has become a "rumor an hour" company. Over the weekend, the Times of London said the portal had a deal with Microsoft (MSFT) for its search business. As part of that arrangement former AOL CEO would be brought in as the new chief. AllThingsDigital wrote that the Times piece was junk. Several times a day there are bits of news about who will replace Jerry Yang as Yahoo! CEO and whe...
Shares of Yahoo Inc. jumped more than 8% on a media report that former America Online CEO Jonathan Miller is trying to raise funds to buy a portion or the entire beleaguered Internet giant.