BERLIN, Oct 4- Volkswagen's supervisory board will hold an extraordinary meeting on Wednesday at which finance chief Hans Dieter Poetsch is expected to be appointed as new head of the 20- member controlling panel, two sources said on Sunday. Europe's biggest carmaker faces the worst business crisis in its 78- year history after it admitted cheating diesel...» Read More
Stocks opened higher after Wal-Mart hit its earnings target but a pair of economic reports that missed expectations curbed gains.
Futures pointed lower after a pair of economic reports came in worse than expected. Wal-Mart Stores reported earnings in line with expectations.
For decades, they've been the backbone of auto sales in the U.S. The smaller independent dealer is what most of America grew up with. Now those smaller dealers are about to dwindle in number and influence.
General Motors plans to pay its suppliers before the deadline by which it must declare its bankruptcy, according to a report.
Although global stocks were down again on Thursday, experts tell CNBC it is time to buy U.S. stocks, just not companies relying on the government.
Stocks declined on Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month. Some analysts said these fits and starts are just the market cooling down, after a runup of 30 percent since its 12-year low in early March. Read and listen to what the experts had to say... (UPDATED)
Stocks lost more than 2% Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month.
Stocks declined on Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month. Some analysts said these fits and starts are just the market cooling down after a runup of 30 percent since the market hit a 12-year low in early March. Read and listen to what the experts had to say...
Stocks declined Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month. A brief reprieve after the business-inventories report and comments from President Obama fizzled.
They are in the crosshairs of the auto task and passionate about their feelings over GM and Chrysler plans to drop dealers. What's interesting is that not all dealers are against the idea of trimming the dealer ranks, while others are fearing the end of business' that have been in their family for years.
Stocks pared their losses Wednesday after a report showed business inventories shrunk at a slower pace and remarks from President Obama on health-care reform. Still, stocks remained under pressure as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month.
For auto dealers, this may go down as the worst week ever. GM will announce plans to cut 2600 dealerships while Chrysler drops roughly 850. That's roughly 42% of the GM dealerships and 27% of the Chrysler stores going away.
Stock index futures indicated a lower opening for Wall Street Monday, as bank shares continued to struggle and investors looked for guidance on the strength of the economy from retail sales numbers.
Global stocks were higher Wednesday despite data out of China showing the country's industrial output rose less than expected in April. But experts tell CNBC there is real growth potential in the Asian economy.
GM plunged to a 76-year low after six executives liquidated their holdings in the automaker. Tim Seymour smells a trade!
Investors dumped shares of both Ford Motor and General Motors on Tuesday, with GM hitting its lowest level since the Great Depression.
A bankruptcy judge on Tuesday ruled that GMAC Financial Services can become Chrysler's preferred lender, potentially sending a slew of new business to the financing company and ensuring that Chrysler's dealers will have access to the loans they need to stay in business.
As Americans prune their expenses because of the relentless recession, the family vacation is taking a hit. A third of those surveyed in an AP-Gfk Poll released Monday said they had already canceled at least one trip this year because of money.
It's kind of like watching a car crash. You know it's sad. You know it's awful. But you can't stop looking at it. I'm not trying to be trivial about the plunge in GM shares this week.
Even as Sergio Marchionne, the chief executive of Fiat, is considered a potential savior for Chrysler in the United States, German politicians, executives and union bosses are casting a more skeptical eye on his bid for Opel and the rest of General Motors’ European operations.