The Fast Money traders take a look at today's biggest market movers.» Read More
The Mulally "re-mix" is starting to play out at Ford , and the new CEO isn't waiting long to send a message. The question is how much this management shake up will go in reviving ford. Long-time Ford employee Derrick Kuzak has been put in charge of global vehicle development after previously serving as Ford's VP of product development. The new job means Kuzak is the man...
General Electric is affirming its earnings estimate for this year, and forecasting profit growth of 10-13% in 2007. The parent company of this network also boosting its quarterly dividend by 12%. This morning--GE Chairman and CEO Jeffrey Immelt spoke with The Squawk Box team – explaining how he'll deliver a "high-visibility, low-risk" year.
"2006 was an important year. We're a company that's transforming, not transformed. We still have a lot of work left to be done." That's the upshot from HP CEO Mark Hurd addressing a couple of hundred Wall Street analysts and assembled media at the Sheraton New York this morning.
I’ve been to some parties. I’ve been to the Playboy, Maxim and Penthouse Super Bowl parties and I’ve judged the Miss Hawaiian Tropic contest. That being said, it’s hard to convince me to go to some of these things. I’ve had every type of mini eggroll and pig in a blanket. But there was no chance I wasn’t going to Sunday night’s Nike party in New York City for the 25th anniversary of the Air Force 1 -- a shoe that since 1982 has been one of Nike’s best selling iterations.
Our auto-industry reporter predicts China may enter the American market, Ford may seek a merger -- and Toyota will keep racking up sales.
GMAC is beginning a new era as an independent financial services company--after 87 years as a wholly owned subsidiary of General Motors. On Thursday--GM sold its 51% stake in its most profitable GM unit to an investment consortium led by Cerberus Capital in a move that dramatically improved GMAC's credit profile and capital position.
A record number of U.S. corporate bosses have left their jobs this year, in part reflecting the widening stock options backdating scandal, according to data released today.