Posted by admin on May 9th, 2008
Ford Motor Co. said Friday it first learned that billionaire Kirk Kerkorian was interested in investing in the automaker in early April but was “completely unaware” that he had begun buying shares until later in the month.
Investment Guide In a government filing, Tracinda Corp. outlined an April 4 meeting between Ford Chief Executive Officer Alan [...]
Posted by admin on May 9th, 2008
WILMINGTON, Del.–Ford Motor Co. welcomes the significant investment by billionaire Kirk Kerkorian, company executives said Thursday, telling shareholders it underscores the strength of their turnaround plan.
Ford executives said their work to return the No. 2 U.S.-based car company to profitability by 2009 was taking hold and the recent acquisition of 4.7 per cent of the [...]
Posted by admin on March 30th, 2008
BUCHAREST, Romania (AP) — U.S. car maker Ford Motor Co. on Friday formally took over Romanian plant Automobile Craiova from the Romanian government.Prime Minister Calin Popescu Tariceanu handed the factory’s key to Ford of Europe President John Fleming, saying that Ford’s investment of $1 billion would allow Romania to become the biggest car producer [...]
Posted by admin on March 30th, 2008
NEW YORK (CNNMoney.com) — Stocks tumbled Wednesday as weak economic news, spiking commodity prices and a bearish analyst note on investment firm earnings gave investors a reason to bail after the recent advance.The Dow Jones industrial average (INDU) lost around 110 points, or 0.9%. The broader Standard %26amp; Poor’s 500 (SPX) index gave back 0.9% [...]
Posted by admin on March 30th, 2008
NEW YORK�(CNNMoney.com) — U.S. stock futures were littled changed Tuesday as investors weighed more losses from the financial sector and more problems in home values as they awaited reports on consumer confidence.Less than two hours before the market open, Nasdaq and S%26amp;P futures were mixed and pointing to a flat start for Wall Street. They [...]
Posted by admin on March 26th, 2008
High-yield, high-risk bonds are off to their worst annual start ever, and the biggest investors say there is no recovery in sight.
Junk bonds have fallen 3.9 percent on average so far this year, losing about $35 billion, according to data from Merrill Lynch indexes. Some funds managed by John Hancock Advisers, OppenheimerFunds and Fidelity Investments [...]
Posted by admin on March 19th, 2008
CSX, Microsoft, Washington Mutual, Nacchio in Court News
By Elizabeth Amon
March 18 (Bloomberg) — CSX Corp., the third-largest U.S.
railroad, sued TCI Fund Management and 3G Capital Partners,
accusing the hedge-fund firms of trying to change control of the
company while evading reporting requirements.
[...]
Posted by admin on March 14th, 2008
Fannie Mae, Global Crossing, Neutral Tandem: U.S. Equity Movers
By Fabio Alves
March 13 (Bloomberg) — The following is a list of companies
whose shares had unusual price changes in U.S. markets. Stock
symbols are in parentheses after company names, and prices are as
of [...]
Posted by admin on March 14th, 2008
India Stocks Preview: Jindal Stainless, Neyveli, Tata, Unitech
By M.C. Govardhana Rangan and Shailendra Bhatnagar
March 14 (Bloomberg) — The following stocks may rise or
fall in Mumbai today. Prices refer to the previous close. The
preview includes news that broke after the markets [...]
Posted by admin on March 14th, 2008
WASHINGTON %26mdash; The price of oil gushed to a record high Monday, spreading dangerously to factories, groceries, gas stations and every person’s pocketbook.
Builders are building less, the government reported.
Manufacturers are cutting back, another report said. General Motors Corp. and Ford Motor Co. said they would cut second-quarter production.
The galloping energy prices are [...]
