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Mayor Bloomberg Looking To Make NYC More Money
Wednesday, December 9, 2009 - 12:39pm | 130According to the New York Post, Mayor Bloomberg vetoed a bill that would give motorists a five-minute grace period. The Mayor warned that the universal extension of time would have the practical difficulty of impeding traffic flow and will affect the street cleaning works. On the other hand, the...
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Japan Continues With The Stimulus By Announcing US $81bn Spending Plan
Tuesday, December 8, 2009 - 12:16pm | 221Japan's government agreed on a US $81 billion stimulus package on Tuesday, aimed at preventing the economy from tipping back into recession as deflation persists and a strong yen threatens exports. The new package, earmarked for low-interest mortgages for new home buyers, incentives for users of "...
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Ford To Issue Around $1 Billion In Bonds
Monday, December 7, 2009 - 3:06pm | 184Ford (NYSE: F) is to float a new bond issue, according to a filing with the Securities and Exchange Commission, reports Dow Jones. The report quoted a person familiar with the deal as estimating that the bonds will yield 8.25-8.375% and total approximately $1 billion. The proceeds of the issue...
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Company News for December 04, 2009 - Corporate Summary
Friday, December 4, 2009 - 10:33am | 307• Bank of America (NYSE:BAC) said it raised $19.3 billion through the sale of 1.286 billion common-equivalent shares at $15 each, as it plans to repay government TARP borrowings of $45 billion • Human Genome Sciences (NASDAQ:HGSI) announced it priced a planned offering of 15.5 million common shares...
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General Motors (GM) Turns over Control of Biggest China Venture to Local Partner, Announces India Venture
Friday, December 4, 2009 - 7:38am | 157General Motors Co. (GM) gave up control of its main China joint venture to its local partner and announced its plan to sell vehicles in India, uniting them in the world's two fastest-growing Auto markets. Analysts said the moves reflect the biggest U.S. Automaker's pressing need for money as it...
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Peugeot (PEUGY) and Mitsubishi Rally After Announcing Talks To Strengthen Partnership
Thursday, December 3, 2009 - 3:09pm | 102Peugeot Citroen (ADR) (OTC: PEUGY) and Mitsubishi Motors Corp announced that they are in talks to form a strategic partnership. The discussion between Peugeot and Mitsubishi are intended to extend an alliance for developing four-wheel drives, electric cars and a joint venture in Russia. Mitsubishi...
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US Economy On the Rebound?
Thursday, December 3, 2009 - 12:06pm | 132The economic indicators seem to have picked up in the late fall, according to a survey by the Fed Reserve released Wednesday. Shoppers seem to have increased spending and industrial production was higher too. This trend is visible in the sales figures of Amazon Inc. (NASDAQ: AMZN) which had over 13...
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Top Five Active Stocks Of The Day (BAC, C, F, GE, PFE)
Wednesday, December 2, 2009 - 11:10am | 210Bank of America Corporation (NYSE: BAC) is trading at $15.74, a decline of 0.94 percent over the previous day and 9% increase over the previous month. Bank of America is trading up, despite a bearish JPMorgan (NYSE: JPM) analyst note predicting pressure on near-term margins. Citigroup Inc. (NYSE: C...
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GM's CEO Fritz Henderson Stepping Down
Tuesday, December 1, 2009 - 5:17pm | 18GM's (NYSE: GM) CEO Fritz Henderson is stepping down as General Motors CEO.
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Auto Sales Steady In November, Except For Chrysler
Tuesday, December 1, 2009 - 3:16pm | 81Ford Motor (NYSE: F) and Toyota Motor (NYSE: TM) saw small upticks in sales for the month of November, but Chrysler's sales plunged 25%. Ford's sales were basically flat compared to November 2008, at 122,846, sales of crossovers rose 26% and sales of cars rose 14%. Sales of SUVs and trucks saw...
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Autos & Auto Parts November Sale Expected Around 10.4mm SAAR
Friday, November 27, 2009 - 12:47pm | 151According to a Research from Barclays Capital that was released today, November 2009 light vehicle SAAR (seasonally adjusted annual rate) could end up just above 10.4mm units, basically in line with last month's 10.5mm SAAR as well as November 2008's 10.4mm rate. The monthly performance could see...
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Tim Seymour Is Thankful For Ford (F)
Thursday, November 26, 2009 - 1:43pm | 121CNBC's Fast Money Tim Seymour is thankful for Ford Motor Company (NYSE: F). Ford (F) was trading as low as $1.50 this year and now it is near $9. Tim Seymour especially likes the fact that Ford (F) proved that it doesn't need a hand from the government. Seymour thinks that the company is constantly...
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Japan Economy Expand Faster Thanks To China Exports (TM, HMC, 6305, EWV, PJO, EWJ)
Tuesday, November 24, 2009 - 10:14pm | 286Japan's shipments abroad dropped 23.2% from the year earlier but it still showed signs that the state of the economy is getting better because this drop is the slowest pace within the last year. The better than expected results of the economy was due to the increased demand from China and other...
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GM Unable to Sell SAAB, Leaning towards Closing Brand Next Week (F, GELYY)
Tuesday, November 24, 2009 - 10:10pm | 236After talks with a Swedish company, Koenigsegg collapsed on the sale of their smaller subsidiary Saab, General Motors is looking to decide the fate of the Car brand next week. Saab is one of the least performing brands for GM with only 93,000 vehicle sold last year. Prior to the interest, General...
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Fast Money Picks For November 25th (F, ABT, BSX, BRCD)
Tuesday, November 24, 2009 - 7:47pm | 124CNBC's Fast Money Tim Seymour thinks that investors should take profits in Ford (NYSE: F) because it typically fails at $9. Ford (F) gained 0.92% today and closed at $8.81. Guy Adami recommends buying Abbott Laboratories (NYSE: ABT), and Karen Finerman suggests buying Boston Scientific (NYSE: BSX)...