| Very Big News: Henderson Gone at GM Edward Harrison submits:I wonder if the recent missteps with Opel (OPELF.PK) and Saab had anything to do with this. CNN Money reports: In a surprise move, General Motors chief executive Fritz Henderson resigned Tuesday, giving the battered government-owned automaker its third boss in less than a year.Complete Story » seekingalpha.com |
Rail Traffic Remains Mixed The Pragmatic Capitalist submits: The latest data from the AAR continues to show a near-term rebound in rail traffic trends, however, the bigger picture is showing a more mixed recovery. For the week ending January 30th, total carloads jumped 7% year over year, but declined 12.7% compared to 2008. Intermodal traffic was also mixed with a 7.5% jump from 2009, but down 9.7% from 2008. Breadth was again positive this week as 13 of the 19 commodity groups showed gains. All in all, this data continues to reflect the weak recovery, but is showing certain signs of a recovery from the low trough of 2009. Complete Story » seekingalpha.com |
Lear Q1 2010 Earnings Call Transcript Lear (LEA)Q1 2010 Earnings CallMay 06, 2010 9:00 am ETComplete Story » seekingalpha.com |
Global Shipping: Heading for Choppy Seas? Tom Lydon submits: Dry bulk shippers and tanker companies have been feeling the heat as demand for their services has tumbled. Despite a nice July rally in equities, shipping stocks and related ETFs may still have to endure a long period of suffering. A lot of things are not going well for shipping companies. China, one the largest importers of raw materials, decided to curb its economic growth, and many dry bulk shippers are based out in Greece, which is an association no company wants to have.Complete Story » seekingalpha.com |
Airlines Don’t Take the Blame for Canceled Flights Cash-strapped airlines rarely pay for hotels and meals, even when cancellations are their fault. travel.nytimes.com |