| The Trucker's View On The Economy Old Dominion chief David Congdon on the trucking industry's struggles in the recession. forbes.com |
GM: Saab to Be 'Wound Down' Ira Stoll submits: On December 3, I wrote, in a post headlined "Saab's Reluctant Seller":Somehow I get the sense that General Motors is in the same position with Saab as Condé Nast was in with Gourmet. The company doesn't actually want to find a buyer that will take over and turn around the money-losing property, because if such a buyer and turned-around company do emerge, they will just be a competitor for General Motors and its brands, the same way that a sold and turned around Gourmet would have been a competitor for Condé Nast's Bon Appetit.Complete Story » seekingalpha.com |
Toyota Suspends European Production for 'At Least' 12 Days Zacks.com submits: Toyota Motor (TM) has decided to halt production at its facilities in France and the U.K. for at least 12 days in order to cope with the weakening demand for its vehicles. Production at its U.K. facility has been already suspended since yesterday until Thursday and will be arrested again from April 6 to 9. Meanwhile, production at its facility in France will be halted during April 6–9 and in late April. The latest string of recalls has besmirched the reputation of the automaker, resulting in a lower demand for its vehicles. In February, the automaker’s sales fell 9% to 100,027 vehicles. According to Autodata Corp., the automaker’s U.S. market share fell to 12.8%, the lowest since July 2005.Complete Story » seekingalpha.com |
Exxon Could Be the Answer to America's Energy Problems Bill Paul submits:In the wake of the massive Gulf of Mexico oil spill, it’s clear the U.S. needs to end its crude-oil addiction as much to protect its economy as the environment.To move the future forward, America needs one company in particular to come through on behalf of all Americans. In a cruel twist of fate, that company is ExxonMobil (XOM), which is working on arguably the most important energy-research project in the world today. Namely, a project to replace crude with genetically-modified algae that can be cost-effectively refined using existing refinery equipment.Complete Story » seekingalpha.com |
A Disconnect in These Stocks Could Bring Nice Gain StreetAuthority submits: By David StermanPriceline.com (PCLN) has picked up a cool $7 billion in value during the past three months on the heels of a stunning +81% gain in the shares. Don't feel bad for rivals Travelzoo (TZOO), Expedia (EXPE) and Orbitz Worldwide (OWW) -- they've risen anywhere from +15% to +40% as well.Complete Story » seekingalpha.com |