TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| The Administration Doesn't Like What GM and Chrysler Have to Sell Tom Lindmark submits:This is a bit of a bombshell. The WSJ is out with a report that the Obama administration may well let [[GM]] and Chrysler go Chapter 11. In fact, they say that Chrysler isn’t viable absent a merger of some sort with Fiat.Here is the meat of the report from the Journal.Complete Story » seekingalpha.com |
Paragon Shipping: Earnings Announcement Q1, 2009 Neil Carvin submits: Paragon Shipping, Inc., (PRGN) earned $0.71 per share in the first quarter of 2009, which ended on 31 March. Paragon, which is engaged in the transportation of dry bulk cargoes, earned $0.59 per share in last year's first quarter. The results were reported in this press release. Although we didn't project earnings for Paragon in this quarter, Reuters reported that Paragon's results "beat expectations" and caused the company's shares to soar in after-hours trading.Complete Story » seekingalpha.com |
Porsche Dilemma: Firesale or Bankruptcy? Tyler Durden submits: The Porsche drama has morphed into a full blown tragedy: Porsche (POAHF.PK) has until Monday to decide whether it is willing to accept what is essentially a firesale bid by Volkswagen (VLKAY.PK) and Lower Saxony for 49% of the company in exchange for €3-4 billion. As a result of the transaction, the two companies would merge, with the Piech and Porsche controlling a 40% stake, Lower Saxony owning 20%, Qatar 15%, and a separate state fund having a 5% stake.Qatar has made it clear that it would only participate in a deal that involves all the listed parties and will not be last ditch white knight. If Porsche does not accept by Tuesday, the deal will be pulled, and Porsche will have to pay back a €700 million loan to VW. (click on chart to enlarge)Complete Story » seekingalpha.com |
Clunkermania: Top Good News Economic Story of the Year The Good News Economist submits: This week marked the end of the Cash for Clunkers program. Many have called it one of the best economic stimulus programs ever implemented. Of course the White House has called it "Wildly Successful.""This is one of the best economic news stories we’ve seen and I’m proud we were able to give consumers a helping hand," said US Transportation Secretary Ray LaHood.Complete Story » seekingalpha.com |
Canadian Pacific Railway Limited. Q3 2009 Earnings Call Transcript Canadian Pacific Railway Limited (CP)Q3 2009 Earnings CallOctober 27, 2009; 02:00 pm ETComplete Story » seekingalpha.com |