Archive for the ‘Autos’ Category

  • Moody’s warns nations to cut spending or risk AAA ratings
  • EU ministers discuss standby plans for Greece
  • 6 key points of the financial regulation legislation
  • EU Finance Ministers Fail to Reach Deal on Hedge-Fund Rules
  • Toyota: Analysis Doesn’t Match Calif Prius Incident Read the rest of this entry »
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  • Funds’ role in Greek drama examined
  • Papandreou and Merkel meet today over Greek debt
  • Greek Protests Mount as Parliament Passes Budget Cuts
  • Fannie, Freddie May Ask Banks to Eat $21 Billion of Sour Loans
  • Fed’s TALF Winds Down With Most Loan Requests in Six Months
  • Toyota Gets Verifiable Info On Woes In Recall-Fixed Vehicles Read the rest of this entry »
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  • Citigroup’s Pandit Said to Plan to Thank Taxpayers for Bailout
  • Pandit Returns to Capitol’s Hot Seat
  • Obama Sends ‘Volcker Rule’ Proposal on Bank Trading to Congress
  • JPMorgan Tops Goldman in Investment Banking as Fees Swell 13%
  • Scandal-stained Rangel quits post
  • Geithner Adviser Sachs Plans to Resign as Banking Crisis Wanes
  • Nissan to Recall Over 500,000 Cars Read the rest of this entry »
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  • GMAC CEO Carpenter Gets Pay Package Rivaling That of Blankfein
  • Deal Near on Banking Rules
  • Dodd wants Democratic support for consumer-protection regulator at Fed
  • Sovereign CDS Trading to Be Probed by European Union
  • Justices Question Selection of Skilling Jury
  • Madoff Trustee May Disregard Fake Profit, Judge Says
  • For AIG Deal, It Paid to Wait
  • USA TODAY/Gallup poll: 55% say Toyota too slow to act
  • GM Recalls 1.3 Million Compact Cars for Power-Steering Issue Read the rest of this entry »
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  • Fed Examines Swaps Deals by Goldman and Others
  • Goldman probed over crisis in Greece
  • Q&A: Goldman in line of fire
  • Spain battles to shore up plan’s credibility
  • GMAC Bankruptcy Would Have Cost Treasury $50 Billion
  • Merrill Lynch Guaranteed Ford Annual Pay of at Least $2 Million
  • Madoff Aide Bonventre Becomes Sixth Charged in Fraud Read the rest of this entry »
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  • Obama’s $90 Billion Bank Fee May Be Revised by Panel
  • The Euro’s Next Battleground: Spain
  • At Toyota hearings, auto safety agency feels the heat
  • Hoping to prevent stock meltdowns, SEC passes short-selling rules
  • Fed chief Bernanke expects extended hold on interest rates
  • Hummer Faces Shutdown After Chinese Sale Collapses Read the rest of this entry »
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  • At F.D.I.C. , Bracing for a Wave of Failures
  • SEC Disappointing Goldman Sachs Amid Vote on Short-Sale Curb
  • Bon Appétit: ‘Toxic’ Bonus Yields 72% at Credit Suisse
  • Japan to probe Toyota acceleration complaints
  • ‘Consumer Reports’ still likes Prius as top eco-friendly car
  • A Tough Test Before Congress for Toyota’s Chief
  • EU Opens Google Antitrust Inquiry
  • GM Said to Not Win China’s Approval for Hummer Deal Read the rest of this entry »
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  • Congress says Toyota misled public about runaway cars, engine electronics
  • Toyota’s U.S. Chief Says No Problem With Electronics, Apologizes in Testimony
  • Judge approves BofA settlement with SEC
  • Harvard’s Rogoff Sees ‘Bunch’ of Sovereign Defaults
  • Seidenberg, Dimon Among CEOs Said to Dine With Obama Tomorrow
  • Stanford Receiver Sues Democratic, Republican Groups
  • TPG, KKR Said to Near Purchase of Morgan Stanley’s CICC Stake Read the rest of this entry »
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  • Fed Move May Signal End to Easy Bank Profits
  • Dodd to Unveil Financial Overhaul Bill Next Week
  • Toyota’s Chief to Testify to U.S. Congress on Recalls
  • AIG drops plan to sell derivatives portfolio
  • Allen Stanford Asks Judge to Dismiss SEC Lawsuit Alleging Fraud
  • Blackstone Said to Consider Joining Simon’s GGP Bid
  • States short $1 trillion to fund retiree benefits Read the rest of this entry »
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  • Confident Chiesi breaks silence
  • Galleon Tipper Goel Pleads Guilty, Says Rajaratnam Got Secrets
  • Traders in record bet against the euro
  • Greece Says Call for Aid Would Send ‘Worst Signal’
  • Barclays CEO Says U.S. Plans ‘Bad’ for Global Rules
  • Judge Questions Bank of America’s New Deal With S.E.C.
  • BofA’s Price may need to be sidelined
  • UBS Increases Bonus Pool 34% to 2.9 Billion Francs Read the rest of this entry »
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  • Testy Conflict With Goldman Helped Push A.I.G. to Edge
  • Geithner Says U.S. Will ‘Never’ Lose Aaa Debt Rating
  • Goldman Bows on CEO Pay
  • Merrill’s Ex-Chief Is Back, Atop CIT
  • Obama to hold televised health summit
  • Argentina Will Swap Debt in March, Pagina/12 Says
  • Toyota Prius global recall fears spread to luxury Lexus brand Read the rest of this entry »
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  • GOP Chases Wall Street Donors
  • Geithner attacks AIG’s ‘outrageous’ bonus pay-outs
  • Citi aims to build on gains in Asia
  • Lazard bucks trend among rivals by accelerating cash bonus payments
  • Greece, Portugal Woes Intensify
  • Cutbacks on Wall St. Are Burden for Albany
  • Treasury offers loans to banks funding community development
  • FSA fines ex-BlueBay manager £140,000 Read the rest of this entry »
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  • Goldman bonuses to be in shares amid effort to quell public anger
  • BofA sells $19.3 billion of securities for TARP repay
  • Bank of America’s $19.3 Billion Is Biggest U.S. Sale Since 2000
  • Bernanke May Get Second Term at Fed Shorn of Bank Supervision
  • Citigroup Said to Need Treasury Stake Sale Before TARP Payment
  • Citigroup Stands Alone
  • Rajaratnam Investigated Decade Ago
  • Geithner says need to cut budget deficit
  • Wall Street Transaction Tax Proposed by Democrats Read the rest of this entry »
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  • BofA Breakup Is New Snag in CEO Hunt
  • Bernanke to defend his record and the Fed’s
  • Bernanke Has Support of Majority of Senators on Banking Panel
  • SEC Steps Up Insider-Trading Probes
  • U.S. Taxpayers May Reap $3.17 Billion in TARP Warrant Auctions
  • GM fires CEO Henderson. The board wants an outsider.
  • Rothstein Charged in Ponzi Scheme
  • Wells Fargo to shut 122 branches in state
  • Merrill Sued by Client in Hong Kong Over $13 Million in Losses Read the rest of this entry »
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  • Goldman Holders Miffed at Bonuses
  • SEC told to improve ways it chooses probe targets
  • Pequot Worker Told Therapist That Samberg Sought Tips
  • House Attacks Fed, Treasury
  • Commodities to Get Record $60 Billion, Barclays Says
  • Giuliani Said to Consider Run for U.S. Senate Over Governorship
  • Problem mortgages hit new high at 14 percent
  • GM Says Auto Sales Rate May Be 10.8 Million in Sign of Recovery
  • Zucker Says He Regrets Focus on Margins in Leno Shift
  • Winfrey’s long goodbye Read the rest of this entry »
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New Chrysler boss hates long PowerPoint presentations

Posted by WSF On June - 23 - 2009

If you want to piss of Fiat boss and the new head of Chrysler, Sergio Marchionne, put together a really long PowerPoint presentation, or give long winded problem explanations. According to an ex-Fiat Automotive News source: Read the rest of this entry »

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  • Jobs Had Liver Transplant
  • Apple without Steve Jobs at the helm? Some investors think it’s time
  • MasterCard Hires Citigroup’s Banga as Potential CEO Successor
  • Moody’s warning on California debt stuns state
  • Bank of America’s Prueher and Franks Exit From Board
  • Banks in Georgia, North Carolina, Kansas Closed by Regulators Read the rest of this entry »
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Fox Business News wonders where the very scarce auto czar Steven Rattner has been hiding himself and they propose seven ways to smoke him out (Dog the Bounty Hunter, anyone?).  Neil Cavuto proclaims him harder to find than Ferris Bueller. And then Ben Stein reprises his famous “Bueller? Bueller? Bueller? Bueller?” line from the movie, but inserts “Rattner? Rattner?” instead. It’s pretty funny….

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  • Banks Fleeing TARP Face $5 Billion Warrant Repayment
  • Marchionne Has Dual Task of Reviving Chrysler, Keeping Fiat Fit
  • Fed Says Downturn May Be Moderating Amid Weakness
  • Overseer to Set Executive Pay at Rescued Companies Read the rest of this entry »
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No love from SCOTUS: The Chrysler sale can proceed

Posted by WSF On June - 9 - 2009

It’s over.  No love from the Supreme Court for the Indiana state pension funds that tried to block the Chrysler asset sale to Fiat.   We still believe that the secured creditors were completely robbed.

Late Tuesday, the Supreme Court turned down the opponents’ last-ditch bid. The court issued a brief, unsigned opinion explaining its action. To obtain a delay, or stay, someone must show that at least four of the nine justices find that the issue raised is serious enough to warrant hearing a full appeal and that a majority of the court will conclude the lower court decision was wrong.

“The applicants have not carried that burden,” the court said.

Supreme Court to let Chrysler sale go forward – AP

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  • Auto Parts Makers Set to Seek as Much as $10 Billion More From U.S.
  • Obama Seeks Rules to Restrain Spending
  • Obama speeds projects to create, save 600,000 jobs
  • High Gas Prices Could Slow Recovery
  • Oil Rises as Krugman Comments Spark Speculation Demand May Gain
  • Banks May Need New Stress Tests, Panel Says
  • Hatzius Says U.S. Banks to Recognize $500 Bln More in Losses
  • Citi confirms plan to raise $33bn
  • Hedge Funds Rebound, Gaining 5% in a Month
  • Yahoo CEO Keeps Microsoft Deal Door Open, Shuts Out AOL
  • Some Chrysler sellers start a new chapter Read the rest of this entry »
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  • Bank of America Says Ward, Mitchell Resign From Board
  • Fiat Will ‘Never’ Walk Away From Chrysler, CEO Says
  • GM Credit Swaps Traders Said to Accelerate Auction
  • BlackRock Said to Offer Cash, Stock for Barclays Unit
  • Credit-Card Delinquencies Increase
  • U.S. Said to Plan Approving 10 Banks to Repay TARP
  • Pimco Says ‘Rate Hikes Will Be Some Time in Coming’
  • Globe’s largest union rejects cuts
  • McDonald’s Falls After May U.S. Sales Trail Estimates
  • WL Homes Bankruptcy Case Converted to Liquidation Read the rest of this entry »
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SCOTUS stays the Chrysler asset sale

Posted by WSF On June - 8 - 2009

Not so fast: A small window of hope has opened that long held legal rules may still actually mean something.  The Supreme Court has stayed, at least temporarily, the sale of Chrysler assets to Fiat.  No time frame was noted in Ruth Bader Ginsburg’s order.

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  • High Court Asked to Delay Fiat Deal
  • Palm Pre Sells Out as Sprint Customers Line Up for Thin Stock
  • Gas prices above $2.60
  • Ford to Face Tougher Rivals Following U.S. Rescue
  • Chrysler dealers scramble to unload vehicles
  • Chrysler Legal Releases for Officers Opposed By U.S.
  • Bank of America Stocks Board With Ex-Regulators, Former Bankers
  • Penske ‘a Good Home’ for Saturn as GM Shrinks in Bankruptcy
  • Filene’s Basement Sold to Men’s Wearhouse Affiliate for $62 Mln
  • Weinstein Company Takes Step to Ease Debt Read the rest of this entry »
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The stay has been extended to June 8 (Monday) to allow what sounds like a likely appeal to the Supreme Court.

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