Resources
BNET Resources
- sort by:
- Relevance
- Date
- Popularity
- GM May Be Considering Bankruptcy (at Last)
- Tyler Durden submits: The WSJ is out with a muchly regurgitated piece, which may, however, finally end up being right. Turns out the negotiations between bondholders, General Motors GM and the intractable UAW are going nowhere in a hurry, and as the company has a February 17 deadline to...
- External links 2009-02-15
- Volkswagen Soap Opera: Disclosure May Lead to Fund Recoveries, Pain for Porsche
- Tyler Durden submits: Luxury automaker Porsche, which in October briefly became the world's largest hedge fund after it disclosed stock and derivative holdings in fellow car maker Volkswagen (VLKAY.PK), prompting a massive short squeeze, and propelling Volkswagen to the status of largest company in the world by market capitalization,...
- External links 2009-02-15
- For Your Amusement: General Motors' Restructuring Plan
- Tyler Durden submits: The only thing more amusing than the deranged ramblings of an insane lunatic, are the deranged ramblings of a whole lot of insane lunatics (i.e. the executive committee of General Motors) and their numerous legal and financial advisors. For whose "efforts" it is of course taxpayers...
- External links 2009-02-18
- Recent Government Support: A Summary
- Tyler Durden submits: The charts below click to enlarge demonstrate why all the hoopla about whether or not one or more banks are nationalized is a moot point right now. The bottom line is that as a result of ongoing pumping of cash by the Fed and Treasury, more...
- External links 2009-02-25
- Textron Goes Divestiture Happy, Rumored To Be Selling Industrials Business
- Tyler Durden submits: Rumor of the night, as reported by our friends at Debtwire, is that everyone's favorite private jet company Textron TXT, which we brought to people's attention before anyone cared about it, has hired former Masters, now merely Janitors, of the Universe, Goldman Sachs, and makers of...
- External links 2009-02-26
- GM Narrowly Avoided Default on Term Loan
- Tyler Durden submits: General Motors GM, which yesterday received a going concern opinion from its auditors who had somehow missed putting that language into the doomed company's 10-K over the past several years, was much closer to bankruptcy than the general media will have you believe. As a result...
- External links 2009-03-06
- Moody's Releases The Leper List
- Tyler Durden submits: Moody's, which has long been criticized for sleeping through the credit bubble and, by many accounts, causing it in the first place, just came out with an attempt at absolution. In a quarterly publication called the "Bottom Rung", the rating agency list 283 companies which it...
- External links 2009-03-10
- GM CEO 'Steps Down': Scapegoating Has Begun
- Tyler Durden submits: Update: According to a White House official, Wagoner was asked to leave by the Obama administration. Scapegoating has begun.****Developing story: Rick Wagoner, CEO of General Motors GM is said to have stepped down. While there has been no official announcement yet, Bloomberg is citing "people" familiar...
- External links 2009-03-30
- Obama Wants To Split GM Into 'Good' and 'Bad' Companies
- Tyler Durden submits: CNBC just out with this: The First Portfolio Manager, who today also became the First HR Manager of General Motors, is quoted as saying he wants to split GM into a "Good" GM and "Bad" GM, thus cementing his spot as The First Company Ethics Arbitrator....
- External links 2009-03-31
- Fiat Credit Rating Downgraded on Weak Liquidity
- Tyler Durden submits: Not sure if this fall angel downgrade of Fiat SpA is due to the "Chrysler connection" (which alone would be worthy of a C- rating), or just because S&P realized there are other auto companies out there that deserve a careful scrutiny, but either way, here...
- External links 2009-03-31
- GM March Sales Set to Disappoint Even Worst Case Scenarios
- Tyler Durden submits: This is not the way to avoid bankruptcy. [[GM]], which will announce March car sales Wednesday, has told its dealers the company has achieved less than two-thirds of its retail sales goal for this month. GM, which had a March sales target of 143,800 Azteks (I...
- External links 2009-03-31
- Sonic Auto: Possible Bankruptcy
- Tyler Durden submits: The Charlotte Business Journal reports that Sonic Automotive's days may be numbered. On late Tuesday, one of the largest auto retailers in the country with 169 franchises and 34 collision-repair centers, in addition to announcing a whopping Q4 $17.10 loss per share, the company stated "it...
- External links 2009-04-01
- Ford's Total Vehicle Sales Down Nearly 41% YoY
- Tyler Durden submits: Total Ford F, Lincoln and Mercury sales totaled 125,107, down 41% from last year and higher 30% than February (GM's numbers should more than make up for this lack of slack). Aslo it seems all those stupefying Volvo commercials aren't helping: only 6 thousand of Scandinavia's...
- External links 2009-04-01
- Textron Subject of Takeover Speculation
- Tyler Durden submits: Everyone's favorite Cessna maker which recently was plumbing all time stock price lows after it was made clear that no corporate CEO will ever be allowed to buy a private jet ever again, was up a whopping 10% yesterday on takeover speculation, to $8.00. This is...
- External links 2009-04-06
- Is the Government Deliberately Trying to Lose Money on Its General Motors Investment?
- Tyler Durden submits: ...Or the case for Equitable Subordination of the U.S. Treasury's GM Claim The US Treasury lent $13.4 billion to General Motors GM on December 31, 2008. The loan documentation full contract here is curious in several respects beyond the obvious dangers to capitalism. by Tyler Durden
- External links 2009-04-06
- GM Bondholders to Receive Even Worse Terms
- Tyler Durden submits: According to MC Cabrera, GM's bondholders are about to get a substantial shaft: a new proposed offer to them would include:- $0 new cash- $0 new debt- 10-20% of the company stock. by Tyler Durden
- External links 2009-04-09
- Underfunded Pension Plans: Hard Asset Solution?
- Tyler Durden submits: Could this be a harbinger of how massively underfunded corporate pension plans intend on tackling the seemingly insurmountable problem of upcoming pension obligations? In an 8-K released earlier, trucker YRC Worldwide YRCW has come up with a novel solution: The Company is seeking to...
- External links 2009-04-13
- A Few Thoughts on the Upcoming Auto Sector Implosion
- Tyler Durden submits: As the General Motors GM and Chrysler bankruptcy is now a matter of weeks if not days (if one listens to CNBC "it is all priced in") I could not help but wonder just what the fallout of a bankruptcy would be on security holders in...
- External links 2009-04-13
- Obama Auto Team to Consider Converting GM Loans to Equity
- Tyler Durden submits: Just hit headlines, not sure what the hell this means: they will equitize the loans?Reading it so that the government will "agree" to get its uber-secured loan equitized, killing any negotiating power for all other unsecured bondholders. by Tyler Durden
- External links 2009-04-14
- Geithner to Put Chrysler in Bankruptcy Next Week
- Tyler Durden submits: Developing story out of the NYT. The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler that could come as soon as next week, people with direct knowledge of the action said Thursday. by Tyler Durden
- External links 2009-04-23
- << Previous
- page 1 of 4
- Next >>
