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Sector Snap: Automaker shares rise on market rally

Seattle : WA : USA | about 1 year ago  
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Stocks climbed across the market after the federal government agreed to inject a fresh $20 billion into Citigroup Inc. to help rescue the beleaguered banking giant. In mid-afternoon trading the Dow Jones industrial average was up more than 3 percent and the Standard & Poor's 500 index gained 4.5 percent....
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  • News Source: International Business Times | about 1 year ago
    In exchange to their immediate rescue intervention, the government is going to receive favored shares. Citi shares rose to 53 percent on Monday, while Morgan Stanley and Merrill Lynch earned almost 30 percent. Meanwhile, the Bank of America had a 20...
  • News Source: CNN | about 1 year ago
    Credit ratings agency Standard & Poor's on Monday warned that one of the three U.S. automakers could default over the next 12 months as their financial situations worsen. S&P said its rating on General Motors Corp., Ford Motor Co ( F , Fortune 500 ).
  • News Source: International Business Times | about 1 year ago
    Stocks climbed across the market after the federal government agreed to inject a fresh $20 billion into Citigroup Inc. to help rescue the beleaguered banking giant. In mid-afternoon trading the Dow Jones industrial average was up more than 3 percent...
  • News Source: International Business Times | about 1 year ago
    KeyBanc Capital Markets analyst Brett Hoselton said even though lawmakers did not approve an immediate rescue of the imperiled auto industry, he was encouraged by the request from Congressional Democrats that the automakers return in December with a...
  • News Source: International Business Times | about 1 year ago
    The Wall Street Journal reported Monday that Ford Motor Co., General Motors Corp. and Chrysler LLC may make a second pitch to Congress to ask for measures to help boost car sales, The Wall Street Journal reported Monday. Top executives from the...
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