“I can’t see anything good whatsoever on the way in these third-quarter numbers,” Gimme Credit automotive analyst Shelly Lombard said. “GM and Ford are being overwhelmed by the global economic crisis and will likely throw themselves on the mercy on the court.”
The fact that the futures and overseas markets have been consistently higher tonight would [...]
U.S. foreclosures in the second quarter more than doubled from the year-earlier
quarter and rose nearly 14% from the previous quarter, RealtyTrac said Friday.
“Although much of the fallout from foreclosures is being driven by rampant
activity in a few states, such as Nevada, California, Florida, Ohio, Arizona and
Michigan, most areas of the country are seeing at least [...]
My understanding from the call:
- though no exciting numbers released (maybe some in subsequent session by CFO), CEO hinted he has seen exciting results. Word “Excitement” had been repeated many times.
- CEO said progress in line with last guidance so far, very comfortable with it. Though not too exciting to us (without hearing raised guidance) [...]
SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Friday placed Lehman
Brothers Holdings’ A1 rating on review for a possible downgrade. The move follows
Lehman’s announcement that Chief Financial Officer Erin Callan is leaving. The
ratings agency noted that although the purpose of the management change appears
to be an effort to assure accountability for its losses and to [...]
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