All Posts Tagged With: "Gm"
Global Investing Roundups Thursday, October 2nd, 2008
Eli Outbids Bristol; Carmax Crashes; IBM Could Miss Estimates; Micron’s Loss; Cereal’s Sugar High; Canada Drives Toyota
Berkshire Brings Confidence and Credibility to Top China Electric Carmaker BYD
In a move that underscores the potential of China’s auto market - as well as the viability of so-called “green” technology - investing guru Warren Buffett’s MidAmerican Energy Holding Co. will pay roughly $230 million for a 10% stake in BYD Co. Ltd., a Chinese producer of both cars and specialized batteries.
The Danger in Regulating
We love this nugget of irony, idiocy or just plain hypocrisy so much, we have to repeat it — clutching our sides and doubling-up in laughter, tears streaming down our disbelieving faces:
“The reality of the situation is that an open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention…”
Global Investing Roundups Thursday, September 25th, 2008
Oil Prices Slide on Demand Drop; Home Prices and Sales Fall in August; Nike Adjusted Earnings Up 10%; GM to Sell Strasbourg Plant; Digg’s New Dough; Ad Sales Slump; Yahoo’s New Ad Platform; Daimler Trying to Unload Chrysler
Global Investing Roundups Wednesday, September 24th, 2008
Home Prices Still Dropping; Chrysler Chases GM; Oil Slides Back; Lennar Loss Beats Estimates; Kullman to Helm DuPont; ImClone Plays Hard to Get; France and Britain Nuclear Match?
$184bn of Distressed Debt Signals Record Bankrupties Coming
“There’s more distressed debt trading right now than at any other point in history,” says Keith Fitz-Gerald in Money Morning. Nearly $184 billion worth. Based on historical precedent, Keith says this means we could be in for a record number of bankruptcy filings - “including some of the biggest corporate bankruptcy filings in history.”
Investment Landfill, Revisited
Do you remember Lloyds of London? It used to be the world’s biggest insurance underwriter. The way it worked was that rich individuals were allowed to keep all their money invested in their favorite stocks and shares, but they could also earn a second income from those assets by pledging that same wealth to underwrite commercial insurance risks, which were sliced and diced by syndicates on behalf of their members.
Global Investing Roundups Wednesday, September 17th, 2008
Oil Continues Slide; FDA Blocks Ranbaxy, Best Buy Profit Declines; Bristol-Myers Bid Uncertain; Pandit’s Reassuring Memo; GM Showcases the Volt; Adobe Beats the Street; Constellation Plunges on Debt Worries
Solutions for the Sicko Dollar
You know by now I write a lot about the US dollar and its ongoing abuse. I just lost a friendly bet regarding the dollar. It was trading around 73 this summer and I brashly stated it would see 60 before 80. Brashness is seldom a good idea.
The Big Three Bailout is Old News
After this past weekend’s big bailout of Freddie and Fannie, investors are wondering if the big three are next. Sorry to tell you, but they’ve already been bailed out. It happened without much fanfare last December, when Congress approved a $25 billion loan package for the big three (about $8.3 billion per automaker).
Latest News
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- Wells Fargo and Citigroup Continue to Battle for Wachovia9:28am CDT
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- Banco Santander (STD) Is Protected from EU’s Banking Crisis1:44pm CDT
- Global Nuclear Power Renaissance Is Well Underway1:26pm CDT
- Resource Stock Roundup Friday, October 3, 200811:13am CDT
- Aluminum Battered by Slumping Auto Sales11:06am CDT