Stocks had a wobbly start to the morning Friday as investors weighed some encouraging economic reports against gloomy earnings.
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.
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.
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.
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.
As of yesterday, over 40% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
GM CEO Fritz Henderson is a straight shooter. It's one of the things about him that I like. That said, how many of us believe the man when he says GMs latest restructuring plan is the final "fix" for the auto maker? Count me among those who are skeptical.
In this Web Extra you'll find the day's biggest winners and losers. Find out why shares of Ford and Qualcomm popped while Honeywell and Tyson Foods dropped.
Stocks bounced back from a swine flu-induced drop Monday as traders scooped up shares of drug makers and pharmacies.
Bondholders would be "nuts" not take General Motor's offer of 225 common shares for each $1,000 principal amount of notes, billionaire investor Wilbur Ross told CNBC.
Now that GM is putting Pontiac out to pasture, planning to cut another 6 production plants in the U.S., and squeeze out hundreds of dealers, I am hard pressed to see how GM remains #1 in U.S. sales.
Stocks enter the week ahead locked in an intense tug-of-war between investors who hope the worst is over and those who expect more bad economic news to derail the market's rally.
Mutual funds and hedge funds hold two opposing views of the market right now. Cramer tells you who is right.
Stocks ended higher Friday after better-than-expected results from Ford but ended lower for the week, snapping a six-week winning streak. recovered Friday after a drop triggered by the release of the bank stress-test results.
Stocks rallied on Friday as earnings showed companies have weathered the recession and economic data raised hopes the economic cycle may have hit a bottom.
After eight decades the Pontiac brand is about to die or be sold by GM. The auto maker will announce the end of the iconic American brand early next week. Pontiac is the latest casualty of the radical down-sizing of General Motors.
Stocks temporarily pared gains after a much anticipated concept paper on the government stress tests for the 19 biggest U.S. financial institutions was released.
With energy, tech, financials and consumer discretionary stocks all driving the market higher on Friday, how should you trade?
Seldom has a loss of almost $2 Billion ever looked so good. Then again, when you are Ford and you continually turn in better than expected results, losing a couple billion is further proof business is turning around.
Stocks opened higher Friday as investors shrugged off a dismal durable-good report and were encouraged by Ford's narrower-than-expected loss.