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...
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As a result of tumbling fuel prices, unprecedented capacity reductions and added revenue from new fees, several airlines reiterated their positive outlooks Tuesday, saying they expect a turnaround worth billions of dollars.
Danger To Eurodollar Futures Volumes Seen In Harkin BillEasyBourse.com,France- 51 minutes ago… of derivatives trading onto exchange-traded platforms, putting the instruments under the jurisdiction of the Commodity Futures Trading Commission. … Written by "futures trading" - Google News and Powered by WordPress
Filed under: Law, Bank of America (BAC), HousingEveryone cheered when Countrywide Financial, owned by Bank of America (NYSE: BAC), agreed to modify loans under a settlement with 11 state attorneys general reached in October.Everyone, that is, except the people who held those mortgages and stood to lose hundreds of millions of dollars as a result of slashed balances and reduced interest rates. S...
The dollar fell against major currencies Tuesday as stocks rallied and investors awaited the expected rate cuts of European central banks.
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...
The market is stronger today, but still hesitant after yesterday’s bear raid. Still, some important signs are encouraging for the bulls: the dollar is a tad weaker, bonds and bills are flat to lower, although notes are still strong. Certainly is wild, though - yesterday the TRIN was 6+, today it is 0.43 as I [...]
WASHINGTON (AP) -- Treasury Secretary Henry Paulson said Tuesday that China must continue allowing its currency to rise in value against the dollar as part of reforms to address trade tensions with the United States....
Multinational corporations, for several quarters, saw their earnings grow as a result of the weakness of the U.S. dollar. Since the dollar reversed course and began to strengthen in the mid-summer, this advantage has eroded. After reporting third-quarter earnings, the guidance issued by many multinational companies was based on certain assumptions of the dollar’s strength. Some of those c...
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...