TORONTO, July 2- A healthy appetite for trucks and luxury cars pushed auto sales in Canada to a record high for June, with Fiat Chrysler Automobiles the top seller, according to data released on Thursday. "Ongoing gains being enjoyed by the luxury manufacturers in the Canadian market turned into a veritable feast in June," DesRosiers Automotive Consultants wrote...» Read More
Chrysler's sales in the U.S. for April were down 48 percent. The now bankrupt automaker sold 76,682 total vehicles versus 147,751 a year ago. Despite the big declines, all the numbers were well above forecasts.
Stocks had a wobbly start to the morning Friday as investors weighed some encouraging economic reports against gloomy earnings.
Stocks pared their losses Friday after economic reports showed consumer confidence soared to its highest level since before the fall downturn began and that manufacturing is showing signs of improvement.
You cover enough bankruptcies, you get used to the strange and painful routine. Closing the plants, targeting the jobs to be cut, and outlining how a company in Chapter 11 will be filed in court papers and pretty clear from the beginning. In other words, the cutting and paring of costs is the easy part. It's the re-building and changing of the company that is the tough part.
A handful of other financiers are being blamed for precipitating the bankruptcy of an American icon. As Chrysler’s fate hung in the balance Wednesday night, this group refused to bend to the Obama administration and accept steep losses on their investments while more junior investors, including the United Automobile Workers union, were offered favorable terms.
Futures indicated a slightly higher open for U.S. stocks Friday as investors shrugged off Chrysler's bankruptcy announcement and decided to go against the 'sell in May and go away' mantra after April's successful performance.
Global stocks were higher Friday, the first day of May, as investors were encouraged by the returns in April's strong market performance and batted off news of Chrysler's bankruptcy announcement and deepening concerns about the swine flu outbreak.
Chrysler sent shock waves through the nation Thursday as it filed for bankruptcy protection. But it’s a private company, why does Wall Street care?
Stocks ended flat for the day as news of a Chrysler bankruptcy filing quashed the day's gains, but logged solid gains for the month of April.
Plus, Cramer makes the call on the insurance, chemicals and natural gas sectors.
Stocks opened higher Thursday as investors took heart from signs of recovery in the economy and the Federal Reserve's statement that the economic outlook was improving.
Global stocks rose again Thursday as investors took heart from signs of improvement in the U.S. economy after the Federal Reserve tweaked its policy statement to say that the economic outlook was improving. But experts on CNBC were mixed on when the economy will recover.
Three people briefed on the deal say Italian automaker Fiat Group SpA will sign paperwork by Thursday to become a partner with Chrysler.
Stocks advanced but ended off their highs Wednesday after the Federal Reserve said the recession appears to be easing.
There are some “mustard seeds” out there for investors, Tom Lydon of ETFTrends.com told CNBC.
GM and Chrysler dealers have both hired lawyers to represent them in bankruptcy proceedings, CNBC has learned.
President Obama promised CHANGE in his campaign for President, and after 100 days in office, it is easy to give him a grade of A++ on keeping that promise. I must leave it to historians to gauge whether or not his first 100 days will take the top prize in terms of changes instituted in this country, but for sure he will get honorable mention.
Over the last two weeks one of the more intriguing (and downright scary to some people) suggestions is the idea of the auto task force killing the Chrysler brand. I'm not talking about the Chrysler corporation, but simply the Chrysler brand. Three months ago that idea would have been roundly dismissed as "crazy talk", not anymore.
Futures pared gains Wednesday after the first look at first-quarter GDP showed the economy contracted at a sharper pace than expected.
Ahead of the May 4 bank stress test results, experts tell CNBC that the financial system may not be in the clear yet.