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Movers: General Motors, Ford, 3M, Chesapeake Energy

 

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What To Watch For Friday
blog.optionsmentoring.com 12/5/2008 — Wall Street would probably feel safer hanging out with Plaxico Burress at a night club than bet money on Friday’s November unemployment report. The Labor Department is expected to report the jobless rate rose to 6.8% and that another wave of jobs cuts will be coming. As unemployment goes ...
Ford sales off 31%, Toyota sales off 34%
calculatedrisk.blogspot.com 12/9/2008 — From MarketWatch: Ford, Toyota post steep sales declines Ford Motor Co. on Tuesday reported a 30.6% drop in November U.S. vehicle sales, which served as a timely reminder of the brutal sales climate with automakers returning to Capitol Hill in hopes ...
The New Auto Bailout Bill
dealbook.blogs.nytimes.com 12/10/2008 — The first auto bailout bill – introduced mid-November and which drew on TARP funding – has been abandoned. As the New York Times reported Monday, there is a new compromise bill circulating, this version drawing financing from the Energy Independence ...
Pay raise for judges tucked into bailout plan - Yahoo! Finance
finance.yahoo.com 12/10/2008 — WASHINGTON (AP) -- If the $14 billion bailout plan for U.S. automakers passes, it will help more than just Ford, Chrysler and General Motors. Federal judges would get a pay raise, as well. The raise -- labeled a cost of living adjustment -- would ...
GM Chief Heading for a Crash?The Big Money 12/8/2008
First the good news for General Motors CEO Rick Wagoner. After weeks of industry pleading, it looks likely that lawmakers will drive through a short-term $15 billion auto loan , writes the Detroit News . That will save GM and Chrysler from hitting ...
Uncle Sam to Take the Keys?The Big Money 12/9/2008
Details of the federal bailout plan for the auto industry are emerging this morning, and the stakes are high. According to the Wall Street Journal , under the legislation being drafted, the U.S. government will gain "a substantial ownership stake ...
Congress, Will You Drive My Car?The Big Money 12/10/2008
Detroit can breathe a little easier today. The long-predicted bailout of the automotive industry now heads to the House of Representatives for a vote, possibly as early as today, The Washington Post and New York Times report this morning, after ...
Bailing out the car industry: Invest in MichiganThe Economist: Full print edition 12/11/2008
The rustbelt gets a lifeline “INVEST IN AMERICA”, screamed the front page of the Detroit Free Press on December 4th. Copies of the newspaper were sent to Congress, begging for a bail-out for General Motors, Ford and Chrysler. “You ...