Buy, Sell or Hold Insight: GM Remains a High Risk Profit Play – Even as it Files its Turnaround Plan Today
With America’s “Big Three” automakers all due to submit turnaround plans to Congress today (Tuesday) – a requirement if General Motor Corp. (GM) ... -billion-dollar asset management organization as its head of credit. While most of my experience before [more...]
Date: 2008-12-02 16:31:34
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AIG: Now that you own it, learn about it!
First of all—what is AIG? AIG is American International Group, the largest insurance company in the world ... insurance, life insurance and retirement services, financial services, and asset management ... into a bond for General Motors, but I’m now afraid [more...]
Date: 2008-09-19 17:01:54
Dow Plunges Below 9,000 Points
The Dow plunged below 9,000 points today as the credit crisis continued to cause devastation in the markets ... lost over a third of its value since then. The index was dragged down by General Motors (NYSE:GM ... Hellwig, senior vice president at Morgan Asset Management, in Birmingham, Alabama. "You've got investors [more...]
Date: 2008-10-09 19:39:42
Deals of the Day: Good Riddance to 2008
Today in Bailouts Everyone gets a car: General Motors sweetened customer incentives a day after the federal government committed $6 billion to ... : The bank sold a $361 million stake in its Global Investors asset-management unit to Aberdeen ... up between its management and Bespoke Hotels. Times of London Buyside Buyout firms are beginning [more...]
Date: 2008-12-31 12:01:16
Deals of the Day: Good Riddance to 2008
Today in Bailouts Everyone gets a car: General Motors sweetened customer incentives a day after the federal government committed $6 billion to ... : The bank sold a $361 million stake in its Global Investors asset-management unit to Aberdeen ... up between its management and Bespoke Hotels. Times of London Buyside Buyout firms are beginning [more...]
Date: 2008-12-31 10:43:00
General Motors (GM): Still A High-Risk Profit Play
GM is essentially already bankrupt, says Horacio Marquez. And it has been for years. This clearly makes the company one to avoid for investors ... . It was October 2000, and I’d just joined a multi-billion-dollar asset management organization as its head ... , particularly after recently reading that JP Morgan Chase & Co. (NYSE:JPM) credit analysts [more...]
Date: 2008-12-02 14:35:29
Financial Services Hearing on Assisting the American Automobile Industry
Today, the House Financial Services Committee is holding a legislative hearing on extending the Department of Treasury’s Troubled Asset Relief ... , Jr., Chairman and Chief Executive Officer, General Motors Corporation Mr. Robert Nardelli, Chief ... ; Quetelet Professor of Sustainable Development and Professor of Health Policy and Management, Columbia [more...]
Date: 2008-11-19 17:14:09
GMAC Loosens Credit Reins After $6 Billion Treasury Loan
The U.S. Treasury has agreed to lend $6 billion to GMAC LLC (GOM), the financing arm of General Motors Corp. (GM) ... banking industry with plans to access even more funds from the Treasury’s Troubled Asset Relief ... . To raise that $30 billion, GMAC – owned by GM and Cerberus Capital Management L.P. – convinced about 75 [more...]
Date: 2008-12-31 12:20:33
GMAC Loosens Credit Reins After $6 Billion Treasury Loan
The U.S. Treasury has agreed to lend $6 billion to GMAC LLC (GOM), the financing arm of General Motors Corp. (GM) ... banking industry with plans to access even more funds from the Treasury’s Troubled Asset Relief ... . To raise that $30 billion, GMAC – owned by GM and Cerberus Capital Management L.P. – convinced [more...]
Date: 2008-12-31 16:23:22
The Right Way to Icahn-Proof Your Board
As seen on Huffington Post The magazine Corporate Board Member is scheduled to come out with an article in their January issue entitled “How to ... to demand answers from management they are charged with overseeing. Such a board should be capable ... job of maximizing asset values and not feathering their own nests, and soaking up huge bonuses [more...]
Date: 2009-01-07 18:41:38
The Right Way to Icahn-Proof Your Board
As seen on Huffington Post The magazine Corporate Board Member is scheduled to come out with an article in their January issue entitled " ... and courage to demand answers from management they are charged with overseeing. Such a board should ... on their primary job of maximizing asset values and not feathering their own nests, and soaking up huge [more...]
Date: 2009-01-07 18:26:36
GMAC and Chrysler Financial: The Center of Hope
Speaking of an apocalyptic scenario, the poet William Butler Yeats wrote the line, “Things fall apart; the center cannot hold ... be their respective finance arms, GMAC and Chrysler Financial. Cerberus Capital Management is majority owner of both ... to get money through the Troubled Asset Relief Program, or TARP, which has distributed nearly $350 billion [more...]
Date: 2008-12-18 09:13:00
Don’t Want Your Stock to Go Down? It Doesn’t Have To!
Rob Curran reports: If you’re wondering why drug-plan administrator Express Scripts was added to the (do not) ... Motor said it qualified because of its Ford Motor Credit arm. A spokeswoman for Alliance Data Systems ... ,” writes Doug Kass, president of Seabreeze Partners Management, on RealMoney.com. [more...]
Date: 2008-09-23 15:25:10
Four at Four: Washington Gridlock
What happened Thursday in Washington was not an exact repeat of the breakdown in negotiations over the funding of the TARP plan, ... Arnold, investment advisor at Dawson Wealth Management in Cleveland. The unsteady procession toward ... , the extreme spreads evident in credit markets, where the loan markets, asset-backed, and high-yield [more...]
Date: 2008-12-10 12:45:00
Ramalinga Raju Satyam Chief Admits Huge Accounting Fraud
Posted on 11:15 PM No CommentsSatyam Computer Services, a leading Indian outsourcing company that serves more than a third of Fortune 500 companies, ... , handling everything from computer systems to customer service. Clients have included General Electric, General Motors, Nestle and the United States government. In some cases, Satyam is even [more...]
Date: 2009-01-09 17:45:00
Global Investing Roundups Friday, November 21st, 2008
GMAC Files to Become a Bank; Unemployment Nears 26-Year High; Mogul Signals Interest in Circuit City; Banco do Brasil Buying Out Rival; ... company GMAC has filed to become a bank, a shot at getting a slice of the $700 billion Troubled Asset Relief Program bailout. Private equity firm Cerberus Capital Management LP owns 51% of GMAC. General [more...]
Date: 2008-11-21 11:43:06
Bernie Madoff: Scammer and Ponzi Schemer!
Gawd! After reading more about this Bernie Madoff creep low class ass human and his stupid little classless act Ponzi scheme. I might just wanna roll over and die. Pity those who make the decision to invest with him. GREED it seems has a huge fucking influence on everyday little people. It makes you go wild flushes with adrenaline [more...]
Date: 2009-01-09 00:38:00
Battle of the Titans
For those of you that prepare yourselves, the OPPORTUNITIES will be abundant and limitless; for those that don't it could be a very difficult period ... asset deflation (Mother Nature) versus the Inflate or Die mandate of the G7 governments who have tried to print wealth through monetary and asset inflation for decades. The first law the G7 is trying [more...]
Date: 2009-01-15 00:00:37
Training: Why It Has To Be At The Top Of Your People Agenda
If you ever wonder why your organization should invest time and money in training, then these 7 reasons should convince you. 1. Integration ... of General Motors, Jack Welch, said, “An organisation’s ability to learn, and to translate that learning ... valuable asset. When that asset is developed, it becomes more valuable to the organization as well [more...]
Date: 2009-01-06 03:43:25
Daily Market Preview (1/6/09)
1. Aihh…they can’t do anything right Steven M. Davidoff, a professor at the University of Connecticut School of Law, writes that the U.S. government’s rescue of GMAC Financial Services, the financing arm of General Motors, is a complicated one. Davidoff explains the various terms of the rescue, which appears to be a sweet deal [more...]
Date: 2009-01-06 17:53:46
New Year Scams 3
My Greeting To Me, I am Mr. Peter Phillip a Bank Manager here in Uk. I write you this proposal in good faith, believing that you will not betray me. I believe it is the will of God for us to meet through this means. One Mr. Pedro Brito Rodriguez a US citizen and businessman made a (Fixed deposit) [more...]
Date: 2009-01-12 08:13:15
Live-Blogging the GM Earnings Call
Cars General Motors is not in good shape. The company burned through $6.9 billion in cash in the most recent quarter, sporting losses of $2 ... early next year if the auto sales environment does not turn rapidly. Of course, it plans asset sales — but it is always planning asset sales, and those assets just aren’t worth what they used [more...]
Date: 2008-11-07 17:15:57
The Dow Jones Indigestion Average
If the Dow Jones Industrial Average is meant to serve as a broad snapshot of the economic situation as measured by a group of ... in the index, one way or another, are getting money from the federal government. General Electric can be thrown into that group too, and the less said about General Motors right now, the better. The [more...]
Date: 2008-11-13 16:43:24
The Bailout Watch Dog Will Have Oversight Powers
Jump to Comments Citigroup Inc., General Motors and Chrysler have agreed to account for how they are using billions of dollars invested in their ... of the bank bailout fund, in cash infusions to General Motors Corp. and privately held Chrysler, which ... funds to Chrysler that must still be approved by Congress. Both Chrysler and General Motors included [more...]
Date: 2009-01-08 05:17:30
Four at Four: Six Degrees of Steve Jobs and Kevin Bacon
One of the more annoying recurring stories that drives trading in a particular stock pertains to the health of Steve Jobs, chief executive of Apple Inc. With just a couple of hours left in the penultimate session of the year, the company’s options started bouncing around on resurgent rumors that Mr. Jobs was in ill health [more...]
Date: 2008-12-30 12:14:00
If Holiday Retail Stats Don’t Have Economists Saying “Humbug,” Tuesday’s GDP Report Certainly Will
If it’s good enough for Wal-Mart… Looks like the discounting model pioneered by Wal-Mart Stores Inc. (WMT), the Bentonville, Ark.-based retailing giant, will make its way to some rather unlikely high-end retailers: Barney’s New York Inc. and Neiman Marcus Inc. have announced significant price reductions (up to 75%) [more...]
Date: 2008-12-22 13:35:50
Where to next? The World’s economy in 2009
Will Brown looks ahead to 2009 and suggests it’s not a good time to be a capitalist ... management. These lessons have been learnt and the bold action taken by the Fed and the Bank of England ... of us who are not wealthy. But if there is a general fall in asset prices (land, houses, shares); retail prices [more...]
Date: 2009-01-04 08:50:14
America's carmakers: A Spash in the Tank
Dec 19th 2008 From Economist.com George Bush bails out America's carmakers temporarily—now they are Barack Obama's problem IN THE run up ... and General Motors—Ford, though also in dire trouble, is in slightly better shape. In the event he elected ... in the Senate on December 11th. So Mr Bush instead has had to raid the $700 billion Troubled [more...]
Date: 2008-12-22 18:49:00
GMAC: Snatching Victory From the Jaws of Bailout Defeat
It is much easier to win when you let the federal government do your negotiating for you ... , as a crucial $38 billion debt-exchange offer foundered and co-owner General Motors was struggling with the specter of bankruptcy. Yet GMAC succeeded, garnering $5 billion in Troubled Asset Relief [more...]
Date: 2008-12-30 12:43:00
Brookfield Buying GMAC Real Estate
GMAC-logo Brookfield Residential Property Services, a Canadian real estate concern, is buying GMAC Home Services from Cerberus Capital Management (51% ownership) and General Motors (49%). Do you think, or hope, that the company will re-brand ... is the mystique, and GMAC does not do it for me. Brookfield-logo The Toronto-based asset manager’ [more...]
Date: 2008-09-24 15:05:32
AIG CEO Demands Apology from Mad Money’s Jim Cramer
WSJ Deal Journal] Related: The credit crunch means that consolidation looms for Mirant and Calpine as well. ... Searching for a home: Chrysler may join an existing manufacturing and development alliance between Japan’s Nissan and France’s Renault. WSJ Be wary, be very, very wary: Fives reasons why Lloyds [more...]
Date: 2008-10-20 12:57:00
Bankruptcies, Bubbles & Bailouts
The latest round in the bailout bonanza is the ‘loan’ that was just announced for GM and Chrysler ... : The emergency bailout of General Motors and Chrysler announced by President Bush on Friday gives the companies ... faced nearly the exact same problems. Then they fell prey to the zombies. After Japan’s asset bubble [more...]
Date: 2008-12-23 19:14:04
NO BLESSED OBLIGE? NOT OUR NOBLEMEN!
.BANKERS & BROKERS & BUREAUCRATS ARE NOT LIKE USTHEY ARE UNANSWERABLE. THEY HAVE NO OBLIGATIONS TO ANYONE. THEY SPIT ON YOUR PETTY LEGALITIES. PTUI!YOUTUBE: MEL BROOKS"The French Revolution (from The History of The World Part 1)"Keep your eye on the Count de Monet.You Filthy Peasants, You! How DARE You Question Your Lords & Masters!!!??? [more...]
Date: 2008-12-22 10:01:00
GM and Ford Burning Cash, Seek Emergency Government Loans
America’s two leading auto manufacturers, Ford Motor Co. (F) and General Motors Corp. (GM), reported heavy third-quarter losses Friday and are under a severe liquidity strain. Both are seeking emergency loans from governments in the United States and Europe. Ford posted a $2.98 billion operating loss for the quarter ended Sept. 30 [more...]
Date: 2008-11-10 12:53:34
THE FINTAG NEWSLETTER @ 30 December 2008
FINTAG COMMENT Poor Obama. His to do list is enormous and quite complex too. Expectations are high that he will be able to conjure up magical powers to sort out the horrendous mess the west is in. The markets are in a state of heightened paranoia and waiting for signals to react to [more...]
Date: 2008-12-31 10:00:20
Book Publishers: Are They Car Companies or Banks?
Amid all the horrible economic news, there was a little blip in book publishing this week that may turn out to be a milestone in the evolution of ... House is like General Motors, a sclerotic firm plagued by too many marques and overcapacity. Surely [more...]
Date: 2008-12-06 16:11:57
U.S. Automakers, Freddie Mac (FRE) and Foreign Exporters Next in Line for Bailout Handouts
This week is shaping up to be another active one on the bailout-and-financing front. First and foremost, Congress returns to work this week to consider a once-unthinkable proposal: Put up billions in taxpayer-backed loans so that Detroit’s “Big Three” can be saved [more...]
Date: 2008-11-17 13:02:19
U.S. Stocks Post Steepest Yearly Decline Since Great Depression
BLOOMBERG - Elizabeth Stanton Jan. 1 (Bloomberg) -- U.S. stocks plunged the most in 2008 since the Great Depression as financial shares collapsed, energy and metal producers tumbled and the world’s biggest economy suffered a yearlong recession. Citigroup Inc., Bank of America Corp. and Goldman Sachs Group Inc [more...]
Date: 2009-01-01 03:35:40
GOPUSA ILLINOIS Daily Clips - December 17, 2008
GOPUSA ILLINOIS Daily Clips for December 17, 2008 includes news and commentaries on the following topics: Republican Party candidates, elected officials, party leaders, and events Republican Party platform issues including promoting a strong national defense, respect for the rule of law, individual responsibilitiy, traditional values, [more...]
Date: 2008-12-17 16:22:23
Infosys the most trusted company?
After the Satyam debacle everyone is talking about corporate governance and the trust factor of a particular company. Until now corporate governance is fancy word which is a subject for the management students ... the IT companies we felt that Infosys has a better management, not family run and might have less skeletons [more...]
Date: 2009-01-08 01:37:05
Review: Put Your Money Where Your Heart Is by Natalie Pace
To be candid, when I was offered a review copy of Natalie Pace’s new book: Put Your Money Where Your Heart Is, I considered turning it down ... General Motors, AIG, Fannie Mae and Phillip Morris ... , that asset diversification is important for long term wealth. For this reason, I have money [more...]
Date: 2009-01-08 13:11:16
Cashing in on Corporate Training with This $4 Stock
p {margin-bottom: 1em;} pennysleuth.com| Meet the Editors| Archives| Contact UsEditor's Note: Jonas is back, ... in an asset that's not always noticed by investors…their people ... learning and talent management, "Corporations are investing heavily in current and up-and-coming [more...]
Date: 2009-01-13 18:30:00
DrumBeat: September 25, 2008
Nigeria threatens to halt energy firms' LNG schemes ABUJA (Reuters) - Nigeria could suspend the liquefied natural gas (LNG) projects of foreign energy firms unless they submit a detailed plan by the end of October to supply gas for domestic power generation, the gas minister said [more...]
Date: 2008-09-25 14:01:38
BANKRUPTCY-> The ONLY Way To Save Detroit
There are so many things wrong with the Detroit Auto industry, weak product offerings, oppressive Union Contracts, to many dealers just to name a few ... an ad hoc bailout.By MICHAEL E. LEVINE General Motors is a once-great company caught in a web [more...]
Date: 2008-11-17 15:05:25
Newt Gingrich, 10 years after quitting, still full of advice for GOP
Maybe you remember him. Newt Gingrich, the ex-Georgia congressman who took advantage of some serious Bill Clinton first-term mistakes to lead the historic Republican Revolution of 1994, was always brimming with ideas, some of them interesting. He still is [more...]
Date: 2008-11-17 09:28:50
Truth Made-off leaving trail of cooked books
Truth Made-off leaving trail of cooked books January 11th, 2009 Introduction Over the years this column has reported on its fair share of scandals in the financial world, often in the biggest this and biggest that. Today we report on two such biggest – one from, you would have guessed, New York and the other India [more...]
Date: 2009-01-11 04:00:50
Words from the (investment) wise 12.28.08
Investors spent the holiday-shortened Christmas week in an un-merry mood, digesting more gloomy economic data and taking stock of a tumultuous 2008. With the S&P 500 Index and the Dow Jones Industrial Index down by 35.8% and 40.6% respectively for the year to date, many investors would be anxious to wave the old year goodbye [more...]
Date: 2008-12-28 12:31:33
THE WORLD today!
———————————————————————————1. Barack Obama wins Presidential Election and becomes the 44th President of the United States starting January 20 - Hope for a Change - Yes we can -130 Million Americans, more than in any other election since 1960, voted for a change and choose Obama, [more...]
Date: 2009-01-13 00:09:08
Words from the (investment) wise for the week that was (Dec 22 – 28, 2008)
Investors spent the holiday-shortened Christmas week in an un-merry mood, digesting more gloomy economic data and taking stock of a tumultuous 2008. With the S&P 500 Index and the Dow Jones Industrial Index down by 35.8% and 40.6% respectively for the year to date, many investors would be anxious to wave the old year goodbye [more...]
Date: 2008-12-28 14:24:18
Driving Into a Ditch
Car sales Shares of the auto makers are being dumped en masse ahead of what is expected to be staggering losses at General Motors and Ford Motor ... to get revised lower as analysts react to a larger-than-expected loss at General Motors Acceptance Corp [more...]
Date: 2008-11-06 17:41:22
