Luxury automaker Lexus will be moving ahead as planned with its USGA and USTA sponsorships for 2009. Lexus spokeswoman Nancy Hubbell tells me the company is committed to its golf and tennis promotional activities for next year.
Stocks opened mixed Tuesday as a pop in commodities and sharp drop in consumer prices briefly offset worries that Congress won't bail out auto makers.
What happens if the auto industry doesn't get a government bailout?
To say law makers are skeptical about whether it makes sense to help out Detroit would be an understatement. The Big 3 and the UAW have failed to sell Congress on why they should help the auto industry.
The bet is that some small amount of money will be given to the auto makers now, enough to serve as some type of bridge loan into early 2009. At that point the Democrats will have the political leverage to develop a broader rescue package in the first weeks of February.
The Consumer Price Index had its biggest one month drop ever. Here is a breakdown of the inflation benchmark to show you where costs are falling most.
There are ‘stock’ people and there are ‘bond’ people. I am a stock person and have been all my life. It suits my personality because stock people are optimists. We see the glass as half full.
Stock index futures pared their losses Tuesday after a report showed consumer prices posted their biggest decline in 61 years.
Do Chinese automakers need a bailout? China's auto industry is quietly pressing Beijing for government help as it copes with a jarring slowdown, top Chinese auto executives tell the New York Times.
Consumer inflation data, more retailers' earnings, and another day of auto executives on Capitol Hill are on tap for Wednesday.
"I don’t see what’s in the history of the automakers that leads anyone to believe that a $25 billion dollar loan isn’t just throwing good money after bad," says Karen Finerman. Agree?
After several false starts, stocks pulled off a final-hour rally, boosted by a better-than-expected forecast from Hewlett-Packard.
What's (not) up with small cap stocks? A glance at the market Tuesday showed the Dow down about 1 percent but the Russell 2000 Small Cap Index down more than 3 percent, causing many an observer to wonder what the heck is — or isn't — going on with the little guys.
We can talk all we want about the TARP program and who should get under that umbrella. Or GM and the pros and cons of a bailout. But the underlying root cause of all the credit woes started with, and still resides in, the housing market.
Almost every asset class — with the exception of U.S. Treasury bonds — will provide good opportunities for investors willing to take a long-term view, says Fritz Meyer, senior market strategist at Invesco AIM.
If the US auto industry is to survive, it will have to undergo a major transformation—slashing operations, focusing on fewer models, shedding dealerships and making better cars, analysts say.
Stocks made another attempt at a rally Tuesday as investors juggled uncertainty over the govenrment bailout plan and an encouraging outlook from Hewlett-Packard.
Ford CEO Alan Mulally says the bankruptcy of even one of America's auto companies could bring down the entire industry.
An opening pop quickly fizzled Tuesday as the market's gloomy mood overshadowed an encouraging outlook from Hewlett-Packard.
Wall Street faced a lower open Tuesday, but the damage was mitigated by a powerful earnings report from Hewlett-Packard, which bucked the economic trend this season by posting a bright outlook.