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 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 [...]
Posted by admin on March 14th, 2008
DETROIT (AP) — After losing $1.6 billion in 2007 and watching its U.S. sales plummet in the first two months of this year, Chrysler LLC is taking a drastic new step to right the ship: Requiring all employees worldwide to take a two-week vacation this summer.Chrysler informed employees of the plan in an e-mail Tuesday [...]
Posted by admin on March 13th, 2008
CBRE Realty, Ford, General Motors, Genesco: U.S. Equity Movers
By Aaron Clark
March 13 (Bloomberg) — The following is a list of companies
whose shares are having unusual price changes in U.S. markets.
Stock symbols are in parentheses after company names, and prices
are as [...]
Posted by admin on March 13th, 2008
Fuji Heavy Proves Bad Bet for Toyota Shareholders
By Makiko Kitamura and Kiyori Ueno
March 13 (Bloomberg) — Fuji Heavy Industries Ltd., the
maker of Subaru cars, has dropped 29 percent since Toyota Motor
Corp. became its biggest investor in 2005. The companies
failure to take [...]
