General Motors and Chrysler seem to be running out of support in DC. In today’s speech, President Obama questioned the viability of both companies, saying more concessions were needed from stakeholders, while still emphasizing that he was “absolutely committed” to the survival of our domestic auto industry.
Via MSNBC:
President Barack Obama refused further long-term federal bailouts for [...]
Weekly calendar of latest economic events and indicators, complete with full reports, charts, graphs, and in-depth analysis.
Monday
GM CEO Wagoner Resigns - Full Story
Tuesday
Consumer Confidence - Full Report
Wednesday
ISM Manufacturing Index - Full Report, Charts/Analysis
ADP Employment Report - Full Report, Charts/Analysis
Pending Home Sales - Full Report, Charts/Analysis
Thursday
Initial Jobless Claims - Full Report
Factory Orders - Full Report, Charts/Analysis
Friday
Non-farm Payrolls - Full Report, [...]
Update: All Attorneys General aren’t publicity seeking thugs. Chuck Grassley (Ranking Republican on the Senate Finance Committee) used the AIG mess as an opportunity to lecture state AGs on their responsibilities to “consider the appropriateness of inquiring whether financial institutions located within your State have violated (or would violate) State law by making certain executive [...]
Best Buy Co., the largest consumer electronics retailer in the US, posted better-than-expected earnings results for the 4th quarter today:
Via MarketWatch:
Shares of Best Buy Co. (BBY) had their biggest gain this year, after investors cheered a rosier-than-expected forecast and a smaller-than-expected 23% decline in fourth-quarter profit.
The nation’s largest electronics retailer said sales exceeded its expectations and improved [...]
