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LyrArc brings in selected articles from many of the world's top publications.
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GM's cost cutting side may help it reach profitability but its revenue side is weak as it has lower margins on the cars and fuel efficient vehicles that are selling today. Will it continue to lose market share? Recently its stock price has been going up but curves lie ahead because the declining housing market means sales may be sluggish and there is fierce competition from the Japanese and Koreans and from its US rivals.
GM's cost cutting side may help it reach profitability but its revenue side is weak as it has lower margins on the cars and fuel efficient vehicles that are selling today. Will it continue to lose market share? Recently its stock price has been going up but curves lie ahead because the declining housing market means sales may be sluggish and there is fierce competition from the Japanese and Koreans and from its US rivals.
LyrArc Article Gist
Why the $80 billion bailout fund Paulson is pushing has not been well thought out it seems and why problems lurk. It does not resolve the problem.
Why the $80 billion bailout fund Paulson is pushing has not been well thought out it seems and why problems lurk. It does not resolve the problem.
LyrArc Article Gist
Thain's efforts at Merrill to stabilize it and take $18 billon in writedowns and secure $12.8 billion in infusions from sovereign wealth funds and other sources. This is his first year and required a lot of his abilities to manage in a crisis just as Pandit is dealing with Citigroup in his first year.
Thain's efforts at Merrill to stabilize it and take $18 billon in writedowns and secure $12.8 billion in infusions from sovereign wealth funds and other sources. This is his first year and required a lot of his abilities to manage in a crisis just as Pandit is dealing with Citigroup in his first year.
LyrArc Article Gist
When Wachovia took over Golden West Financial, a large mortgage company, in May 2006, its market value was $90 billion, now it is $36 billion!
When Wachovia took over Golden West Financial, a large mortgage company, in May 2006, its market value was $90 billion, now it is $36 billion!
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