| Nissan's New Global Minicar, Due March 2010 TheCarConnection.com submits: By Viknesh VijayenthiranNissan (NSANY) today revealed a preview sketch of its new global minicar that's set to go on sale in March of 2010. The car will first be launched in Thailand and Nissan eventually plans to sell it in more than 150 countries, one of which may be the U.S.Complete Story » seekingalpha.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 |
Why I Am Not Joining the Portec Rail Products Class Action Lawsuit Tom Konrad (AltEnergyStocks) submits: Portec Rail Products (PRPX) agreed to be acquired by L. B. Foster Company (FSTR) on February 17. At least four law firms have started class action suits against the Portec board. Here is why not to join any of them. Portec Rail Products has been a longtime favorite of mine. It's profitable, and delivers valuable services to the rail and rail transit industries. This article goes into a lot more detail as to why I like Portec. In large part because of the acquisition, Portec is the best performing of my Ten Clean Energy Stocks for 2010. I will be sad if the merger goes through, because I will need to find a replacement in my portfolio, although the cash will soothe the hurt nicely. L. B. Forster might be that replacement, but when I have a choice, I prefer microcap companies like Portec.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 |
Airlines Just Miss Record for Revenue and Ten Year High for Profits Robert Herbst submits:For the 2nd quarter 2010, the nine largest airlines collectively reported $1.86 billion in net profits on $31.7 billion in revenues (net profits exclude $713 million for special items). The Q2 revenue was the 2nd highest in history and just shy of 2008’s Q2 $33.3 billion record. The Q2 profits missed the decade high set in 2007 by only $8 million. Q2 revenue and profits were slightly higher than AirlineFinancials.com projected earlier in the month.Complete Story » seekingalpha.com |