Before the bell: Futures decline after oil surges, Sears reportsGeneral Motors (NYSE: GM) was upgraded by Bear Stearns to Underperform from Peer Perform. GM shares are up 1.3% in premarket trading.
TiVo Inc. (NASDAQ: TIVO) reported after the close yesterday, posting a third-quarter narrower loss as service and technology revenue rose 11%. TiVo lost $8.2 million, or 8 cents a share, in the latest quarter, compared with a loss of $11.1 million or 12 cents a share in the prior year. Analysts expected a loss of 4 cents per share. TIVO shares are gaining over 10% in premarket trading.
Bear Stearns Cos. (NYSE: BSC) yesterday announced a 4% cut in its staff. Observers feels this cold be a prelude to other investment banks to cull their ranks before bonuses are handed out.
Adobe Systems Inc. (NASDAQ: ADBE) and Yahoo Inc (NASDAQ: YHOO) announced late yesterday they are partnering to run ads on Adobe's PDF documents developed from its prominent Acrobat software.
Apple Inc. (NASDAQ: AAPL) will introduce a version of the iPhone next year that can download from the Internet at a faster rate, AT&T Inc. (NYSE: T), opearting on a third-generation wireless network, Chief Executive Officer Randall Stephenson said.
Ford Motor Co. (NYSE: F) agreed to settle class-action lawsuits in four states over versions of its Explorer sports utility vehicle that were prone to roll over. The settlement covers 1 million people, but no dollar value was assigned yet.
Applebee's International Inc.'s (NASDAQ: APPB) November system-wide domestic same-store sales fell 1.6%.
The U.S. Air Force grounded more than 450 F-15 fighter jets made by Boeing (NYSE: BA). This is the second time in a month the Air Force grounds the jets after an investigation of a crash earlier this month revealed defects in the aircraft's fuselage.
Walt Disney Co. (NYSE: DIS) boosted its annual dividend 12.9% to 35 cents from 31 cents. payable on Jan. 11 to shareholders of record Dec. 7.
Just as BP (NYSE: BP) was expected to settle in a plea agreement, a U.S. federal judge on Wednesday allowed victims of an explosion at a Texas refinery owned by BP to dispute a proposed plea agreement.
Will Rich Ross really have a positive impact on Disney's movie operations?
Consumers sick of recession, may spend extra on holidays
Corrections, seasonality and Santa Claus
Reader Comments (Page 1 of 1)
11-29-2007 @ 11:36AM
vcs745 said...
GM stock investors have had a roller coaster ride for 7 years now. Profits were slim, stocks were rocky!......but.....the times have changed and they are happening NOW! The new contract has put new life into the American auto companies and anyone who doesn't buy into these companies will be left out in the cold. To build a world class car at $15.00 per hour is nothing but "profit" and quality will be increased since core suppliers to GM now can lock in long term contracts with their suppliers.
11-30-2007 @ 11:28AM
jpdr1100 said...
The assembly line workers will NOT be making that $15/hr. Read the details. That rate applies to non-core support workers.
Gotta love how people who don't know the truth make up what they want to fit their beliefs.