Ford's auto loan deal called 'transformational' (National Post)
Wed, 01 Jul 2009 20:56:09 GMT
Financing has brought life to the sector that, thanks to the credit crisis, has been dormant


Sirius XM: The best play on an auto rebound (CNN Money)
Tue, 30 Jun 2009 15:39:23 GMT
(breakingviews.com) -- U.S. car sales are in a ridiculous funk. Even with a strong June, the current annualized rate of about 10 million vehicles isn't enough to compensate for scrapped cars and population growth. Yet the best investment play on an American recovery may not be a car or parts maker.


Stocks Retreat Before U.S. Jobs Report as Yen, Dollar Advance (Bloomberg)
Thu, 02 Jul 2009 12:21:54 GMT
July 2 (Bloomberg) -- European stocks and U.S. index futures fell while the yen and the dollar rose on speculation a report today will show that America’s unemployment rate climbed to the highest level since 1983.


Porsche Seeks ‘Alternative’ Funds After Loan Blocked (Update2) (Bloomberg)
Tue, 30 Jun 2009 16:15:12 GMT
June 30 (Bloomberg) -- Porsche SE , struggling to refinance 9 billion euros ($12.6 billion) in debt, said it will seek “alternative” funding after Germany’s state-owned development bank KfW Group rejected the sports-car maker’s loan request.


Porsche Forced to Overhaul German Loan Application (Update4) (Bloomberg)
Tue, 30 Jun 2009 11:03:50 GMT
June 22 (Bloomberg) -- Porsche SE, struggling to refinance 9 billion euros ($12.5 billion) in debt , will make a second approach for state funding after the German government asked the carmaker to prove its woes aren’t the result of mismanagement.


US-BUSINESS Summary (Reuters via Yahoo! Philippines News)
Thu, 02 Jul 2009 03:20:48 GMT
GM tells judge that asset sale is its "only option"


Business Briefs for July 2 (Richmond Times-Dispatch)
Thu, 02 Jul 2009 04:05:10 GMT
Two Richmond-area executives were among five chief financial officers honored last night at the Virginia CFO Awards banquet. Thomas N. Chewning, who retired June 1 from Dominion Resources Inc., received the top award for CFOs of publicly traded Virginia companies. Fernando Gutierrez of the American Red Cross-Greater Richmond Chapter was named top CFO for small nonprofit organizations with fewer ...


Carpool, bike to reduce costs (The Arizona Republic)
Wed, 01 Jul 2009 19:06:54 GMT
Carpool, bike to reduce costs


European Stocks Fall, Trim Stoxx 600’s Best Quarter Since 1999 (Bloomberg)
Tue, 30 Jun 2009 16:30:57 GMT
June 30 (Bloomberg) -- European stocks dropped, trimming the biggest quarterly gain this decade for the Dow Jones Stoxx 600 Index, after U.S. consumer confidence unexpectedly declined in June.


Magna-Opel deal in doubt  (Reuters via Yahoo! UK & Ireland News)
Tue, 30 Jun 2009 14:32:00 GMT
Efforts to save two leading European carmakers took a twist that could change the ownership of both crisis-hit General Motors' Opel and German sportscar maker Porsche .