Hedge fund manager Kyle Bass said his bet on J.C. Penney went south because he wasn't able to predict that the retailer's vendors would change terms.» Read More
General Motors said its first-quarter earnings slumped and revenue fell from the same quarter last year. The $305 million overall loss at finance arm GMAC "pretty much accounts for any difference in (earnings expectations)," GM Chairman and CEO Rick Wagoner told CNBC's Phil LeBeau.
Hey folks, time for the day's trivia questions. The video is worth $2,000 Bonus Bucks: General Motor's earnings came in below analyst expectations. What were earnings per share? Your selection of answers is: $0.17 or $0.10 or $0.19 or $0.23. The news question is worth $1,000 Bonus Bucks: RIM is rolling out a new smaller and lightweight full keyboard BlackBerry. What is the new smartphone called? Your selection of answers is: The Quartz or Blackberry Curve or Blackberry Qwerty or The Razor.
Richard Wagoner, chief executive officer at General Motors, told CNBC’s “Squawk Box” that he’s confident the company’s North American operations can be profitable.
Chrysler's famous Hemi V-8 engine, known more for power than fuel economy, will become more fuel efficient when the company rolls out a hybrid version early next year. Chrysler Group announced Monday that it will offer a hybrid Hemi in its Dodge Durango and Chrysler Aspen sport utility vehicles that will improve their fuel economy by nearly 40% in the city and about 25% on the highway.
This market is on fire and Cramer wants a moment to take it all in. Investors were way too bearish going in and they were wrong, he says. “It’s a remarkable market and people are making billions of dollars.” Could the market owe some of its good fortune to – get this – housing?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.
General Motors' former finance arm GMAC swung to a first-quarter loss, citing continued pressure in the U.S. mortgage market.
General Motors (GM) is out with earnings before the bell Thursday. That gives you all day tomorrow to mull your move with the automaker. But the guys already know the trade, and there’s a consensus on this one.
General Motors, Ford Motor and DaimlerChrysler's Chrysler Group all reported April sales that beat expectations, defying predictions that the poor housing market and high gas prices would drag automobile sales sharply lower.
Chrysler Group announced Monday that it will offer a hybrid Hemi in its Dodge Durango and Chrysler Aspen sport utility vehicles that will improve their fuel economy by nearly 40% in the city and about 25% on the highway.
CNBC-TV had it's five for five segment today--that's where they look at five stocks making news this week. It's pretty much based on earnings. Jon Hilsenrath, editor at the WSJ was the guest to talk about the stocks. Again, these are not recommendations for the contest (or your personal portfolio) but more along the lines of what stocks could have a jump up or down.
It's really hard to do this, but I feel like I have to throw an educated number out there. Brady Quinn lost $17 million on Saturday as a result of being taken by Cleveland with the No. 22 pick instead of being taken by the Browns at the No. 3 slot that everyone else thought he would be taken at.
A story crossed the Breaking News Desk today that prompted this learned comment from yours truly: “What?” Reuters reported that in an effort to boost April sales numbers at month’s end, General Motors would offer lower-interest financing through this weekend to customers with weaker credit ratings. Far be it for me to comment on sales strategy, but the story struck me as fascinating...
U.S. auto industry sales have dropped far below expectations for April, a Ford Motor executive said on Friday, as rival General Motors rolled out an incentive program intended to boost crucial month-end sales.
Steven Landry, who was named on Friday to take over Chrysler's sales efforts in North America, said the automaker plans to reduce fleet sales to 21% of its total sales volume by end 2009.
General Motors is offering lower-interest financing to customers with weaker credit ratings through this weekend in an effort to boost sales for April, sources familiar with the sales plan said.
General Motors suspended development work at two U.S. plants after talks between the union and management on cost cutting ended, the Wall Street Journal reported on its Web site on Friday.
Stocks ended mixed but the Dow closed at another record high as earnings continued to exceed expectations. "We were all expecting some kind of pullback but it's just one of those moves that you can't pinpoint with any single piece of data," said Mike Driscoll, managing director of listed trading at Bear Stearns.
The housing slump may be hurting auto sales -- but Mike Jackson says he's "not concerned." The CEO of dealership firm AutoNation joined "Squawk Box" to talk frankly about real estate's ripples -- and why he remains optimistic.
Railroad company Norfolk Southern reported a lower quarterly profit citing softness in the U.S. economy, in particular the housing and automotive sectors, but beat analysts' forecasts.
Stocks are set to move higher at the opening, with the Dow heading straight for the 13,000 mark. European shares are higher, as the rising euro closes in on its all-time high against the dollar. Overnight, Asian stocks were lower, with Tokyo stocks falling on worries about the U.S. consumer after yesterday's weak housing data and consumer confidence number. Japanese automakers' shares were dented in the selling.