TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| GM's Reverse Split and GMCL Lien: Fact Is Stranger than Fiction BoneYard submits:[[GM]] filed an 8k Tuesday evening with new details from their restructuring plans.In connection with the foregoing, we are currently in discussions with the U.S. Department of the Treasury regarding the terms of a potential restructuring of our debt obligations owed to the U.S. Treasury, pursuant to which the U.S. Treasury would exchange at least 50% of such debt for shares of GM common stock. We have not reached an agreement with respect to a U.S. Treasury Debt Conversion.Complete Story » seekingalpha.com |
Stocks Going Ex-Dividend in July Stockerblog submits: If you want to try the stock trading technique called 'Buying Dividends,' which is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend, there are many stocks to choose from. This technique generally works only in bull markets.When you buy dividends, there are many stocks in many different sectors to choose from. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after the ex date. The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork has compiled a free downloadable and sortable Excel list of the stocks going ex dividend during the first half of July. They came up with many companies all with market caps over $500 million. Here are a couple examples showing the stock symbol, the ex-dividend date and the yield:Complete Story » seekingalpha.com |
Global Confidence and U.S. Exports Are Rebounding Calafia Beach Pundit submits: Here's a pretty impressive and uplifting chart. It's the Bloomberg Professional Confidence Index, and it is "comprised of responses about the outlook for the global economy, from users globally. A value above 50 indicates a positive sentiment about the global economy from all Bloomberg respondents." This is not exactly a scientific survey, but it leaves no doubt as to whether the outlook has improved. This is a dramatic improvement in a relatively short time frame. Confidence (the loss of) was one of the key ingredients in last year's free-fall, and now confidence is coming back big-time. That's very good news.Complete Story » seekingalpha.com |
Manhattan Bridge Subway Lines to Be Disrupted The vertical cables on the bridge will be replaced over the next four years, as part of the bridge’s restoration. Subway service will be suspended on as many as eight weekends. nytimes.com |
Auto Sales: Another V-Shaped Recovery Calafia Beach Pundit submits: Just by eyeballing this chart you can see that there has been a huge rebound in auto sales since they hit bottom last February. Sales had fallen so far for so long that "pent-up demand" almost had to show up at some point. The catalyst for the sales upturn was not the "cash for clunkers" program, it was simply a) time, which heals all wounds, even the economic ones, and b) a return of consumer confidence driven by the growing realization that the world was not coming to an end as so many had thought at the end of last year.Complete Story » seekingalpha.com |