US News

Plans to sell 30om GM shares The U.S. Department of the Treasury has announced the next step in its plan to sell its approximately 241.7 million remaining shares of General Motors (GM) common stock with the initiation of a second pre-defined written trading plan. “TARP’s emergency support to GM during the financial crisis was necessary […]

How bold does a CEO have to be to say, “Our performance in the quarter reflects the results of the management action we have taken,” when the performance  was a net loss of $345 million? I’d say he’d have to be even bolder to make that statement especially when the company made a net profit […]

Sony Corporation (NYSE:SNE) has turned in lackluster performance over the five years since 2008, failing to find the right combination of product and operating vitality necessary to pull it out of the doldrums it got stuck in during the global financial crisis.  Whilst one might not be impressed see Sony’s share price decline 1.4% to […]

We’re only at midweek, but traders are celebrating on selling floors around the world as the leading indexes continue to rise to lofty and, in some cases, record highs. The Footsie 100 closed up 35.8 points yesterday to reach its highest point since December 2007.  The Nikkei Index broke past the 14,000 mark to 14,180 […]

Whilst the UK was enjoying a bank holiday, Apple and Facebook were celebrating their individual statuses on the Fortune 500.  The Fortune 500 ranks the largest U.S. companies by revenue. Apple (NASDAQ:AAPL) broke into the top 10 for the first time.  It became the only tech company in the current top 10 elite U.S. stocks, when […]

I don’t like Walmart.  I used to work for a major supplier for Walmart.  If you can’t learn to hate Walmart as a customer, I guarantee you will learn to hate it as a supplier.  It has done more harm to mom and pop stores of all kinds that any other company – ever.  The […]

A good way to end the week! The sun’s out, there’s a long and hopefully sunny weekend to look forward to and the UK flagship equity index has regained the 6,500 handle – MIA since mid-March. After another round of mixed macro-economic data and major announcements from central banks, on both sides of the pond, […]

General Motors Co. has announced it has filed a selling shareholders shelf registration statement with the Securities and Exchange Commission registering GM common stock and warrants. The registration statement will allow selling shareholders to sell registered securities in a public offering.  GM is not currently aware of any specific plans regarding an offering by any […]

Announcing their Q1 results BP have argued that “Underlying replacement cost profit for the quarter was $4.2 billion, compared to $3.9 billion in the fourth quarter and $4.7 billion in the first quarter of 2012”. Operating cash flow in the quarter was $4.0 billion, compared with $3.4 billion in the first quarter of 2012. BP […]

Profits translate to a 1% increase on Q1 of 2012 ExxonMobil have announced that their 2013 Q1 earnings of $9,500 million form a $50 million, or 1%, increase from the first quarter of 2012. Earnings per share (assuming dilution) were $2.12, an increase of 6%. In a statement the company further reported that: Capital and […]