In April 2007, Toyota (TM) topped GM (GM) in global car and truck sales for the first time. GM had been on top ever since surpassing Ford in 1931.Complete Story »
Shares of GPS systems provider Garmin jumped more than 15% Friday, after the company withdrew its $3.3 billion bid for Tele Atlas and signed a new deal with Navteq.Complete Story »
Hickey and Walters (Bespoke) submit: While it may actually seem like every stock has gone down since theS&P 500 peak on October 9th, some have actually risen.Complete Story »
Here's our summary of articles and data points on the housing market. It's part of Seeking Alpha's coverage of the real estate market and homebuilder stocks. Like all other topics and stock coverage from Seeking Alpha, you can have this sent to your Blackberry or desktop email by signing up for our no-spam free email subscription service.Complete Story »
Here's our summary of articles and data points on the housing market. It's part of Seeking Alpha's coverage of the real estate market and homebuilder stocks. Like all other topics and stock coverage from Seeking Alpha, you can have this sent to your Blackberry or desktop email by signing up for our no-spam free email subscription service.Complete Story »
Wall St. Breakfast'sPre-Market Snapshot:U.S. FuturesAs of 7:48 AM ETS&P 500: +5.60; 1,463.50NASDAQ 100: +6.75; 2,040.25Dow: +39; 13,199Complete Story »
Jan Hatzius, chief economist at Goldman Sachs in New York, wrote an ominous report dated Thursday, saying the subprime-induced deterioration of global credit markets will force financial institutions to cut lending by $2 trillion, in effect bringing the risk of a "substantial recession" in the U.S.Complete Story »
MACRO AND HOUSINGWorst Housing Decline Since The Depression - Wells Fargo"We have not seen a nationwide decline in housing like this since the Great Depression," declared Wells Fargo CEO John Stumpf at a Merrill Lynch banking conference in New York Thursday. Likening real estate to baseball, Mr. Stumpf commented, "I don't think we're in the ninth inning of unwinding this. If we are, it's an extra-inning game."Complete Story »
The 9th U.S. Circuit Court of Appeals in San Francisco has ruled new light-truck fuel economy standards are insufficient and ordered new standards be written as "expeditiously as possible" for a class of vehicles that includes sport utility vehicles, pickups and other light trucks.Complete Story »
In an updated note to customers, much-maligned internet stock broker E*Trade(ETFC)told account holders their money was safe, and said the company has resolved to take "appropriate and decisive action" to get it through current turmoil (E*Trade).Complete Story »
