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GM Sells Steering Biz to China - Analyst Blog
Tuesday, November 30, 2010 - 7:40am | 660General Motors (MTLQQ) has completed the sale of its Saginaw, Michigan-based Nexteer steering business to China-based Pacific Century Motors. Pacific Century Motors is a joint venture between Beijing-based auto components supplier Tempo Group and E-Town, the financing and investing arm of the...
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Fast Money Picks For November 30th (STX, RIO, FCX, BP, F, GM)
Tuesday, November 30, 2010 - 3:28am | 242On CNBC's Fast Money, Stephen Weiss said that he wants to take a short position in Seagate Technology PLC (NASDAQ: STX) above $13. He sees this stock at $11. Seagate Technology PLC (STX) fell 0.22% on Monday, and closed at $13.86. It dropped 5.99% in the after hours. Tim Seymour said that he wants...
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Option Volume Revs Up on General Motors
Monday, November 29, 2010 - 2:56pm | 104You're probably already aware that General Motors (NYSE: GM) has reclaimed a spot on the New York Stock Exchange, with the Detroit icon making its Big Board debut on Nov. 18. As of today, options are now available to trade on the bailed-out automaker, and speculators are already rushing to place...
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Monday Market Movement – “Like Moths to a Flame!”
Monday, November 29, 2010 - 2:34pm | 2342By Phil at Phil's Stock World "Investors are drawn to China like moths to a flame." – Neil Woodford That's a great quote. Neil is the head of investments at Invesco, running the UK's largest investment fund with a decade of 15% average returns under his belt so let's take the...
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Ford Expands Dealership in China - Analyst Blog
Monday, November 29, 2010 - 2:30pm | 681Ford Motor Co. (F) has added 40 new dealerships in China as a part of its major expansion plan to strengthen its foothold in the fast-growing market. Further, the automaker plans to bring in 66 new dealerships by the end of the year, raising its total dealership to 340 in the country. All the...
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Company News for November 29, 2010 - Corporate Summary
Monday, November 29, 2010 - 10:30am | 374• General Motors (NYSE: GM) announced that its underwriters exercised their greenshoe option to purchase an additional 71.7 million shares, helping the formerly bankrupt auto company notch up a record $23 billion • Quantas resumed flights of its Airbus A380 aircraft, the first since an explosion of...
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Ford Expands Dealership in China - Analyst Blog
Monday, November 29, 2010 - 9:05am | 681Ford Motor Co. (F) has added 40 new dealerships in China as a part of its major expansion plan to strengthen its foothold in the fast-growing market. Further, the automaker plans to bring in 66 new dealerships by the end of the year, raising its total dealership to 340 in the country. All the...
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Company News for November 29, 2010 - Corporate Summary
Monday, November 29, 2010 - 5:23am | 374• General Motors (NYSE: GM) announced that its underwriters exercised their greenshoe option to purchase an additional 71.7 million shares, helping the formerly bankrupt auto company notch up a record $23 billion • Quantas resumed flights of its Airbus A380 aircraft, the first since an explosion of...
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Ford Cuts Nearly $2 Billion in Debt - Analyst Blog
Friday, November 26, 2010 - 5:03pm | 627Ford Motor Co. (F) has reduced its debt by more than $1.9 billion by swapping its investor's notes for shares. The investors converted $554 million of the company's 4.25% Senior Convertible Notes due December 15, 2036 and $1.992 billion of its 4.25% Senior Convertible Notes due November 15, 2016...
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GM Invests in Three U.S. Plants - Analyst Blog
Friday, November 26, 2010 - 4:00pm | 690General Motors Corporation (GM) has announced that it will invest $163.2 million in its Flint and Bay City plants in Michigan and Defiance plant in Ohio in order to boost engine production for its Chevrolet lineups including Chevrolet Volt, Chevrolet Cruze and a new Chevrolet small car. The...
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Ford Cuts Nearly $2 Billion in Debt - Analyst Blog
Friday, November 26, 2010 - 11:37am | 627Ford Motor Co. (F) has reduced its debt by more than $1.9 billion by swapping its investor's notes for shares. The investors converted $554 million of the company's 4.25% Senior Convertible Notes due December 15, 2036 and $1.992 billion of its 4.25% Senior Convertible Notes due November 15, 2016...
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Treasury Gets $11.7 Bn from GM IPO - Analyst Blog
Friday, November 26, 2010 - 11:00am | 556The Treasury Department of U.S. has received payments of $11.7 billion against its loan extended to General Motors Corporation (GM). The payment was made through the net proceeds from its initial public offering (IPO) last week. The automaker sold 478 million shares at the targeted price of $33,...
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GM Invests in Three U.S. Plants - Analyst Blog
Friday, November 26, 2010 - 10:41am | 690General Motors Corporation (GM) has announced that it will invest $163.2 million in its Flint and Bay City plants in Michigan and Defiance plant in Ohio in order to boost engine production for its Chevrolet lineups including Chevrolet Volt, Chevrolet Cruze and a new Chevrolet small car. The...
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Treasury Gets $11.7 Bn from GM IPO - Analyst Blog
Friday, November 26, 2010 - 5:16am | 556The Treasury Department of U.S. has received payments of $11.7 billion against its loan extended to General Motors Corporation (GM). The payment was made through the net proceeds from its initial public offering (IPO) last week. The automaker sold 478 million shares at the targeted price of $33,...
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Fast Money Picks For November 29th (F, GM, AVP, FDX)
Wednesday, November 24, 2010 - 8:18pm | 157On CNBC's Fast Money, Joe Terranova recommended Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) as a buy. General Motors Company (GM) gained 0.69% today, and Ford (F) added 1.59%. Karen Finerman believes that Avon Products, Inc. (NYSE: AVP) is a good stock, and she wants to buy...