Ford Motor!

It seems that Ford Motor Co. will try to make it on it’s own. The advantage Ford has over General Motors Corp. and Chrysler LLC is that they have been fixing their problems since 2005. They saw the need to make changes back then, and now it’s paying off for them. I remember back in 2005 when Ford starting to cut jobs and close factories. A lot people thought the company was going to fall apart or be sold off. But that never happened, they we’re doing what any small business owner would have done, try to fix themselves. If Ford pulls through this recession on their own, without taking any bailout money they will once again be the leaders in the auto industry. The American people will look at Ford a lot differently if they can do it on their own, I sure will. We really won’t know if they can make it on their own as of yet. They say they can, but we’ll have to wait and see.

Tags: Automakers, Ford Motor Co.

Yahoo In The News!

There seems to be a new party looking to take over Yahoo. And it just so happens to be a single person making it a reality. And that person is Jonathan Miller, AOL’s former chief executive. Now this is still a rumor, but you all know how rumor’s like this become true. And the price he’s looking to pay is between $20 to $22 per share, Which comes out to $28 billion to $30 billion. This price is much lower than the bid from Microsoft, which was $47.50 billion just a few months ago. This just shows how bad the economy is, because Yahoo is truly worth more than what Microsoft offered. The only way I think Miller could make this deal happen is if he did a hostile takeover. I really don’t think Yahoo would agree to a $30 billion deal. Anyway, this news of the bid for Yahoo has made Yahoo stock go up 8 percent, and could very well go up more tomorrow.

Tags: Yahoo

GM In Trouble!

Things are only getting worst with GM. They’re telling their employees that more production jobs are going to need to be cut. GM is also cutting their salaried staff people as well. This is all in hopes of saving cash to get them through this year. But what will happen starting next year is my question? Are they just stalling their bankruptcy proceedings, or are they wanting to Obama comes into office? If they could stay alive until Obama comes into office they might have a chance. That’s because Bush doesn’t want to give out anymore money, but Obama wants to help the automakers. I think President Bush knows that it would be a waist of taxpayer money to help the automakers. So I guess this could be Obama’s first big mistake if he gives the automakers the money they’re seeking.

Tags: Chrysler, Ford, GM

Another Rate Cut!

With the U.S. and World financial markets spinning down out of control, Federal Reserve Chairman Ben Bernanke is thinking of cutting the interest rate again. But he won’t be alone with this cut; other world markets will be doing the same. We will have to wait for this next rate cut though. The Fed will meet again Dec. 16, which will be their last regular meeting this year. With the U.S. economy in its worst shape ever we might need this rate cut sooner. But then again will this rate cut even be enough to help our economy, I really don’t know. I guess we’ll have to wait and see what happens next. Hopefully Bernanke will be able to pull a fresh start out of his hat.

Tags: Bernanke, Rate Cut