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...
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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...
The skyrocketing value of commodities sliced into profits at many a corporation in early 2008, as companies suddenly found raw materials costs had doubled or tripled. But anyone who responded to that by trying to hedge against a repeat of that is going to be hit again — this time on the way down. Already, several major corporations have taken hedging-related losses in the third quarter as...
Filed under: Microsoft (MSFT), Sony Corp ADR (SNE), TechnologyI happened to be reading two articles on CIO.com yesterday concerning Nintendo (OTC: NTDOY) and its Wii distribution strategy. There was an older one from August discussing the reasons why the Wii has been in short supply. Was Nintendo purposely making the Wii a rare commodity? Were there indeed production problems? The second mentio...
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...
From the WSJ:Ford Motor Co. plans to tell Congress it is retooling itself to build small fuel-efficient cars and break from the past strategy of focusing mainly on large pick up trucks and sport-utility vehicles, and will cut the compensation package of Chief Executive Alan Mulally, as part of its bid to win support for a federal bail out of the Big Three auto makers, a person familiar with the...
U.S. Launches New Assault on Consumer Recession, Backtracks on Toxic Mortgage Assets Bailout
Tue, Dec 2, 9:47 AM ET
The United States is now waging an all-out war against clogged credit markets and attacking each troubled artery head on. Earlier this week U.S. government officials announced a new plan to pump $800 billion dollars into the rapidly contracting economy by injecting funds into distressed credit markets where banks remain reluctant to lend and continue to hoard cash. Unprecedented, this latest sa...
Jonathan Moreland, author of InsiderInsights, gives you the lowdown on top stock purchases and sales.
Filed under: Ford Motor (F), Toyota Motor Corp. (TM)Ford (NYSE:F) will present a brilliant plan to Congress. It will build smaller cars to take advantage of the hunger for fuel-efficient vehicles. According to The Wall Street Journal, "Ford Motor Co. plans to tell Congress it is retooling itself to build small fuel-efficient cars and break from the past strategy of focusing mainly on large pick...
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...