The company became the first automaker to repay money borrowed under the Advanced Technology Vehicle Manufacturing program.» Read More
Two key events should put the index back on track to 14,548.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks moved to session highs on Wednesday on speculation billionaire investor Warren Buffett was considering taking a 20% stake in Bear Stearns. The New York Times reported on its Web site that Bear Stearns was in serious talks with several outside investors, including Buffett.
The stock popped after a settlement with the United Auto Workers was announced. Cramer expects shares to climb even more by the end of October.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Treasury prices turned higher Wednesday, bolstered by surprisingly strong investor demand in a government sale of $18 billion in new 2-year Treasurys.
Just a few hours after I reported the new contract between GM and the UAW, I started hearing this question: "Can GM really boost its bottom line now that its costs have been lowered?" My gut says it can do it, IF the company builds on the improvement of its products in the last couple of years.
General Motors' quick settlement with its major union allows the softening U.S. economy to sidestep another blow and sets the stage for similar deals that could boost domestic automakers, analysts and investors said Wednesday.
We're back in the "bad news is good news" phase. At least that's how you may want to read the stock market's reaction to today's clunker of a durable goods number, its worst monthly reading since January. Durable orders fell by 4.9% in August, below the 3.5% decline expected and way off from July's 6.1% increase.
European stocks closed higher Wednesday as investors shrugged off a sharp drop in U.S. durable goods figures for August, and concerns over tightness in the credit market eased on news the Bank of England received no bids for its liquidity injection.
I can't say I'm a fan of the 3:15 am wake up call, but this one I didn't mind. By 4 am I was interviewing UAW President Ron Gettelfinger about the new contract his union signed with General Motors. The strike is over and both sides get what they need out of this deal.
A relatively swift resolution to the United Auto Workers strike against General Motors is giving some lift to stocks this morning. The dollar is defying gravity and is bouncing off its lows against the Euro but that move looks like it will be short lived.
A top executive at Toyota Motor said on Wednesday that achieving a rise in U.S. sales in September might be tough because of a spike in sales in the same month a year earlier.
The United Auto Workers union's strike against General Motors went into its second day Tuesday, with UAW and GM representatives meeting again at the negotiating table.
Stocks finished with small gains as investors shrugged off mixed economic data and bearish sentiment from a couple of major retailers. "The markets are ignoring the bad news and we're still living off the Fed party from last week," said Stephen Sachs, director of trading at Rydex Investments.
A protracted work stoppage could prove disastrous, with a housing downturn and credit market unrest already threatening to stall an expansion now in its sixth year.
At this time yesterday morning, I boldly and unequivocally blogged about my belief that GM and the UAW would avoid a strike and agree on a new contract. If you read that and then, just a few hours later, saw me interview striking workers in Warren, Michigan, you probably said to yourself, "boy did he get that wrong!"
United Auto Workers stage a national strike after the two sides fail to sign a new contract by a union-imposed deadline. Sides still talking.
U.S. stocks finished lower on Monday as concern about the impact of the housing slump and credit squeeze hurt shares of financial companies.
A strike at U.S. automaker General Motors will hurt suppliers if it drags on, further battering an industry already suffering from shrinking sales and possible bankruptcies, analysts said.
As many as 100,000 Canadian workers could be laid off by the end of this week if the strike at General Motors' U.S. operations drags on, the head of the Canadian Auto Workers union said Monday.
As I walk along the UAW picket line outside the GM power train plant in Warren, Michigan, I hear the same thing over and over: "protect our jobs". For all the talk about GM and the UAW being able to agree on a groundbreaking fund to handle rising healthcare expenses, the sticking point is old fashioned job security.