General Motors will begin building a new, top-end Cadillac sedan late next year at its Detroit-Hamtramck assembly plant.» 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.
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.
Stocks ended down for the day but still pulled off a gain for the week.
Stocks went on another rollercoaster ride Friday, opening sharply lower before a series of ups, downs and curves, and an afternoon burst of bargain hunting that sent the Dow up more than 200 points.
Stocks opened sharply lower Friday — with the Dow down about 200 points in the first few minutes of trading — after a report showed new home construction at its lowest level in 17 years.
Futures pointed to a weaker open on Wall Street Friday after a report showed new home construction at its lowest level in 17 years.
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.
Merger talks between General Motors and privately held Chrysler are moving at a faster pace as potential lenders have thrown their support behind a deal between the two U.S.-based automakers, CNBC has learned.
Tesla, an electric car start-up in Silicon Valley, said that it would lay off employees and delay production of its second car, the Model S.
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.
As of about midday on Tuesday, the markets have swung between being positive, negative and flat for the day. Which companies are withstanding the volatility and sustaining their gains since Friday's close?
Stocks shot out of the gate Tuesday, a nice chaser to the Dow's biggest one-day point gain in history, after the government announced a plan to buy stakes in the nation's largest financial institutions.
Don’t let a near 1,000-point Dow jump go to your head. We’re not out of this mess yet.
Lawmakers spent Monday scrambling to come up with new ways to shock some vitality into this market. Jon Najarian has some ideas, too!
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.
As of 3:30 the Dow was up over 700 points and the S&P was up over 85. If they hold onto these gains, we will witness the biggest one day point gains ever.