CAIRO, Nov 26- From bankers to carmakers, Egypt's business community will breathe easier when Tarek Amer takes charge at the central bank on Friday, with hopes high he will revamp a monetary policy that has undermined investment and growth. Announced last month, the leadership change unleashed anger against outgoing governor Hisham Ramez, who capped dollar...» Read More
Stocks rose for a third straight week as investors got their game on for a recovery. Still, Friday's trading was choppy as investors cheered an early pop from the smaller-than-expected job loss in May but the market couldn't sustain the gains.
A U.S. appeals court said Friday it would conditionally approve Chrysler's sale to Fiat but is keeping the deal on hold until Monday to allow an appeal.
Stocks struggled to hold gains Friday as investors cheered an early pop from the smaller-than-expected job loss in May but techs and pharmas dragged and the weakeness began to seep into other sectors.
Automakers are definitely feeling the bumps in the road, with GM’s bankruptcy filing this week and its recent sale of its Saturn brand to Penske but some of the industry’s top executives are still seeking growth in other regions globally and implementing successful strategies despite the struggling economy.
General Motors has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske, according to two people briefed on the deal.
Stocks shot out of the gate Friday as investors cheered a smaller-than-expected job loss in May.
Whenever I tell people that Saturn has been a neglected, and potentially highly profitable jewel in the GM family of brands, people look at me like I've got three heads.
Stock index futures pointed to a higher open Friday as investors braced for the May nonfarm payrolls report as a key gauge on the state of the economy.
Stocks advanced Thursday after a report showed jobless claims fell last week and banks gained. Weak retail sales tempered the mood.
When General Motors emerges from bankruptcy protection, it will technically be a brand new, privately held company, yet it will be more publicly owned than ever, with taxpayers holding a 60 percent stake.
Stocks opened slightly higher Thursday after a report showed jobless claims fell last week but the gains were offset by the retail surprise: three-quarters of retailers reporting chain-store sales this morning missed their targets.
Stocks opened slightly higher Thursday after a report showed jobless claims fell last week.
Stocks were headed for a flat open after futures pared gains on dismal sales reports from some of the nation's largest retailers.
Stocks snapped a four-day winning streak Wednesday after a trio of weak economic reports tarnished the shine on recovery hopes. Wal-Mart led the few Dow gainers after an analyst's remarks.
In an opening statement before questioning GM CEO Fritz Henderson and Chrysler President Jim Press, Sen. Haynes said, "The deal is done." It was a painfully succinct summary of why thousands of auto dealers upset about losing their affiliations with GM and Chrysler are unlikely to find relief in Washington.
Top executives of bankrupt General Motors and Chrysler defended slashing their dealer networks, telling Congress on Wednesday that eliminating more than 2,300 dealerships was crucial to saving the companies.
Hummer owners are an unusual breed, but a little-known Chinese company's surprise purchase of the American maker of gas-guzzling, military-style SUVs is audacious even by their standards.
Stocks pared their losses Wednesday after a trio of weak economic reports got the market off to a lower start. Wal-Mart led Dow gainers after an analyst's remarks.
With new-car sales touching low levels not seen in decades, and with G.M. and Chrysler forced to shut plants as they struggle through bankruptcy, prospects for small auto-supply factories seem grim.
Stocks retreated Wednesday as a weak ADP report on the employment situation, and misses on both ISM services and factory orders offered a reminder that the economy isn't out of the woods.