TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Geithner to Put Chrysler in Bankruptcy Next Week Tyler Durden submits: Developing story out of the NYT.The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler that could come as soon as next week, people with direct knowledge of the action said Thursday.Complete Story » seekingalpha.com |
Does America Need to Make Things? TechCrunch submits: By Sarah LacyKIGALI, RWANDA– As I’ve mentioned before I like my entrepreneurs risk-taking and a little crazy. Earlier this week on TechTicker, we ran an interview with a guy who fits that bill: Shai Agassi.Complete Story » seekingalpha.com |
Cash for Clunkers: What Can the Government Buy You Next? Trader Mark submits:Not surprisingly Americans are eagerly accepting fellow taxpayer's handouts to buy cars. At this rate, the money in this program will be emptied within weeks and then we'll have a new bigger program after that to get more people to spend. It is a beautiful country - let's review just the past 15 months.A year ago Bush sent us rebate checks so we can shopThis year Obama cut our payroll taxes so we can shopFirst time home buyers are now handed $8000 (no, it's no longer just a tax credit anymore as many states have turned it into a down payment replacement) to buy homesAnd now the government is handing us "up to $4500" to buy carsI mean what is left to subsidize? (don't ask)Complete Story » seekingalpha.com |
Harley-Davidson Q3: Earnings Miss, Guidance Narrowed Zacks.com submits: Harley-Davidson (HOG) disappointed in its third quarter results, posting a net income of $26.5 million or 11 cents per share compared to the Zacks Consensus Estimate of 22 cents per share. Compared to the year-ago quarter, net income tumbled 84% from $166.5 million and earnings per share collapsed 84.5% from 71 cents. The company addressed lower motorcycle shipments and the effects of the economy on retail and wholesale loan performance at Harley-Davidson Financial Services for the decline in earnings.Revenue and Gross MarginComplete Story » seekingalpha.com |
Rising Car Sales Are Another 'V' Sign for the Economy Calafia Beach Pundit submits: Several months have passed since the Cash for Clunkers program caused a temporary surge in sales, which was then followed by a slump. The dust has settled, and what we now see is that car sales have jumped 20% since hitting a low last February. We see the same pattern in the Manheim index of used car prices, which has risen 20% since last December's low. These sure look like genuine, V-shaped recoveries to me.Complete Story » seekingalpha.com |