TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| The GM Poker Game - Is Obama Bluffing? Tom Lindmark submits:The real poker game started today. President Obama upped the ante by claiming that he was prepared to see [[GM]] go into bankruptcy. Now the unions and the creditors have to figure out if it's a bluff or not. It’s not an easy call when you consider that the guy you’re playing cards with has a bunch of backers that might make him change his strategy in mid-stream. In other words, he has to talk to Congress before he can respond to any bets that up the ante.Complete Story » seekingalpha.com |
With Backwardation, Higher Gas Prices This Summer Brian Kelly submits:Since the beginning of May, the gasoline futures market has been in backwardation. 'Backwardation' is the term used to describe when near-month futures contracts trade above far month contracts. The implication for the gasoline market is that near month demand is stronger than supply, a bullish signal for gasoline. In fact, since the beginning of May, the July RBOB futures contract is up 18%. RBOB – July 2009 vs. August 2009Complete Story » seekingalpha.com |
GM Relents on Product Liability Tom Lindmark submits:A week or so ago I wrote a post about GM’s (GMGMQ.PK) attempt to rid itself of any product liability claims that might arise from autos it manufactured prior to its bankruptcy. There was some substantial push-back on this and it appears as if decency achieved a partial victory. From the NYT:Complete Story » seekingalpha.com |
GM Expects 15% Sales Rise in 2010 Zacks.com submits: General Motors (hereafter GM) has revealed that it anticipates its U.S. sales to surge 15% from 2009 to 2010. The expectation has certainly been boosted by the company’s performance in the Cash for Clunkers program. The program, launched by the U.S. Government in late July, allowed consumers to trade in their old gas-guzzling cars and trucks with a mileage of 18 miles per gallon (mpg) or less for a value of up to $3,500–$4,500. In terms of market share, GM's 17.6% took second place in the program after Toyota (TM) (19.4%). On the back of this overwhelming response in the program, in late August GM revealed its plan to add 60,000 vehicles to its production schedule in the third and fourth quarters and bring back about 1,350 laid-off workers.Complete Story » seekingalpha.com |
BE Aerospace, Inc. Q3 2009 Earnings Call Transcript BE Aerospace, Inc. (BEAV)Q3 2009 Earnings Call TranscriptOctober 27, 2009 9:00 am ETComplete Story » seekingalpha.com |