TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Shipping Rates Submerge Dry-bulk companies accept thin margins to keep their vessels busy. forbes.com |
30 Investors Bound to Lose Big on GM Rick Newman submits:If General Motors (GM) declares bankruptcy, some of its investors—including bondholders, other secured lenders, and the U.S. government—are likely to get a portion of their money back. But stockholders, with virtually no protections, will be essentially wiped out.To gauge who stands to lose the most, we obtained a list of GM's biggest shareholders from research firm Thomson Reuters. In general, the largest shareholders are at risk of losing the most. But losses on stock holdings also depend on the price paid for the stock, compared to the price at which it's sold. And big shareholders typically build their positions over time, buying at a range of prices.Complete Story » seekingalpha.com |
Shorts Raise Stakes on British Airways Jessica Johnson submits:Deutsche Lufthansa has reached a deal to acquire the U.K. carrier BMI, ending months of negotiations over conditions of sale and price. The deal will make Lufthansa the second largest carrier at Heathrow. British Airway's (BAIRY.PK) share price fell 8.7% on the back of this news and has fallen 15% since March 23rd.The bad news for BA keeps on coming as the pension trustees blamed the large deficit of their pension portfolio on the airline's higher risk investment strategy. Reports over the weekend also suggested that BA is considering selling or winding down its OpenSkies subsidiary as traffic over the Atlantic continues to fall.Complete Story » seekingalpha.com |
Toyota: World's Largest Automaker to Cut Global Capacity Edward Harrison submits:Toyota (TM), now the world’s largest automaker, has said it would halt production at a plant in Aichi prefecture in Japan, reducing total output by a massive 220,000 cars. This should be seen as a recognition of the over-capacity tat exists in the auto sector despite other recent upbeat news. Toyota raised its parent-only production target for 2009 by 150,000 units to 5.95 million on Aug. 20 in response to various government stimulus programs and a reduction in inventory. The last press release from Aug. 21 on Toyota’s US website touts Toyota’s addition of capacity at its site in Huntsville to produce an additional 216,000 vehicles, with production scheduled for 2011. From these two announcements, one would assume that production is slated to ramp up.Complete Story » seekingalpha.com |
Lockheed Martin's Great Week on Main Street Over the last seven days Lockheed Martin (LMT) has won four nice contracts totaling $1.169 Billion to add to their backlog of orders, which prior to these orders stood at $76.4 Billion. Here are the orders;Complete Story » seekingalpha.com |