TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Chrysler Bankruptcy: Why Car Buyers Might Not Notice Rick Newman submits:If Chrysler declares bankruptcy or liquidates, it will be a historic corporate failure. But car buyers might not notice that much. Executives at the No. 3 U.S. automaker have tried practically everything to stay in business, including an attempted marriage with General Motors (GM) last fall, begging the government for money, and now, a risky plan to merge with Italian automaker Fiat (FIATY.PK).Complete Story » seekingalpha.com |
Who Is the Government Going to Bail Out Today? Trader Mark submits:It appears we are back to 2008-type trading; guess what the government is going to bailout next, and place your bets. The only irony in watching these stocks soar is knowing people in the supplier industry and these companies themselves and realizing what shape they are in while their stocks surge. As we said last week, [Jun 4, 2009: Detroit's Woes Wound an Army of Suppliers], there will be a lot of fallout in the multi-thousand supplier base, but as with banks, it appears the government will protect the largest.And this is exactly the type of information having a bevy of friends from Goldman Sachs within government provides - you know exactly where to place your chips. Not that this type of thing ever happens. And we wonder how Goldman had only 8 losing days on their trading desk in all of first quarter 2009. (talent of course, not information flow) If you want some bemusement feel free to check out this piece on Huffington Post on how to properly sleep with the government [Government Sachs - Goldman's Close Ties to Washington Arouse Envy, Raise Questions] The "relationship" map within that story, not to mention the literal list of all the names intermixed in government.... is staggering.Complete Story » seekingalpha.com |
Daimler AG Q2 2009 Earnings Call Transcript Daimler AG (DAI)Q2 2009 Earnings CallJuly 29, 2009 8:00 am ETComplete Story » seekingalpha.com |
RailAmerica Begins Trading Zacks.com submits: Following the closure of its initial public offering (IPO), RailAmerica (RA) has started trading under the ticker symbol “RA” on New York Stock Exchange since Tuesday. RailAmerica, which filed for IPO in late July, had offered 10.5 million primary shares and 11.5 million secondary shares priced at $15 per share last week. It had expected them to price for between $16 and $18. The company intends to use the proceeds of $144 million from issuing 10.5 million primary shares for paying off debt and other corporate purposes.Complete Story » seekingalpha.com |
Boeing: Load Test Could Bring 787 Closer to Maiden Flight Zacks.com submits: Boeing Co. (BA) has completed the static test necessary to validate the side-of-body modification made to the 787 Dreamliner. The company expects a full analysis of the test results to be concluded in approximately 10 days. A successful test result is needed to clear the airplane for its planned first flight next month. During the test on the 787 Dreamliner static test airframe, the wing and trailing edges of the airframe were subjected to its limit load - the highest loads expected to be seen in service. The load is about the same as 2.5 times the force of gravity for the wing. Boeing announced on Jun 23, 2009 that it was necessary to reinforce an area of structure at the side-of-body section of the 787. Complete Story » seekingalpha.com |