New Jersey became the third state to ban the company from selling vehicles directly to the public. But the dispute is far from over.» Read More
Billionaire investor Kirk Kerkorian says his investment firm has sold 7.3 million of its shares in Ford Motor, reducing his stake in the automaker to just over 6 percent.
Stocks turned lower again after paring most of their losses amid more signs of thawing in the seized up credit markets.
The billionaire investor who said he bought Ford stock as a long term investment is pulling out of the automaker after a short, money losing ride. Kirk Kerkorian still owns more than 6% of Ford's outstanding common shares.
The dispute could hurt more than just one company's earnings if it isn't resolved soon, Cramer says.
As discussions between GM and Chrysler heat up, there's a steady flow of questions about road blocks that could stop this merger of American auto giants. Any other time, I'd agree with some of the points being raised. But given the economy and the weakened state of the auto industry, I think few of these are going to stop GM from acquiring Chrysler- IF the country's largest automaker decides it wants this deal.
After a week of stating in this blog and on the air that I don't see the logic behind a combination of GM and Chrysler, I took the last two days to ask people familiar with the talks and inside the auto industry if I'm missing the boat.
Like a python squeezing the air out of its victim, Toyota is in the midst of a move that will further hurt the Big 3.
Cramer makes the call on viewers' favorite stocks.
Don’t let a near 1,000-point Dow jump go to your head. We’re not out of this mess yet.
Stocks bounced back from their worst week ever with one of their best performances in history as investors cheered a global cash infusion designed to unthaw the credit market and avoid a global meltdown. The Dow gained more than 900 points, its biggest one-day point gain ever.
Stocks bounced back from their worst week ever as investors cheered a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown. The Dow was up nearly 500 points, or more than 5.5 percent.
It's hell being a CEO or CFO these days. Well, try blogging. No sooner do I write something than it becomes outdated. So I'm going to blog about last week in hopes that history doesn't rewrite itself overnight.
Stocks rallied at the opening bell Monday following a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown. The Dow was up about 400 points, or 5 percent, within the first few minutes of trading.
Stock traders for the first time are openly asserting that a bottom has been put in. Concerns about global bank failures and meltdowns are receding as global finance ministers are now coordinating their efforts.
As the markets come off one of their worst weeks ever, the CBOE Volatility Index has surged to record levels. When will things settle down?
Wall Street looked set to rally Monday following a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown.
After a few days of tracking the latest talks between GM and Chrysler, I'm more convinced than ever before that these two companies will not merge. It's an idea that ultimately creates more headaches than solutions for GM.
After trading in a 1,000-point range for the first time ever, stocks ended the day with a whimper, closing slightly lower amid hopes that the holiday weekend could bring good news.
If you think GM is just a short drive from steering into bankruptcy, think again. This morning, while everyone says this company is on the verge of collapsing, a GM spokeswoman emphatically said "NO!"
Ford Motor is not considering bankruptcy protection as an option, CNBC reported Friday, citing company executives. The unidentified Ford executives said bankruptcy is not even under discussion, and that the company has sufficient liquidity.