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Tracinda

Chinese, Russians Express Interest In Volvo

Ford continues to deny it, but it is becoming clear that the company is looking to sell its Volvo brand. Ford acquired the car side of Volvo’s business in 1999 and has been rumored to be looking for a buyer for well over a year...

Ford Motor Co. starts dismissing salaried workers to end losses

BLOOMBERG NEWS SERVICE • June 24, 2008 Ford Motor Co., the world's third-biggest automaker, began discharging North American salaried employees amid widening losses and an 11 percent plunge in U.S. vehicle sales this year....

Ford profit warning and fear of ratings downgrade send Wall Street lower

A profit warning from Ford, the US motor company last night triggered a sell off on Wall Street with the Dow Jones Industrial Average falling 220 points to its lowest level since March. His comments hit the Ford share price...

Kerkorian: Ford's Rich Uncle

Posted by: David Kiley on June 19 Billionaire investor Kirk Kerkorian raised his stake in Ford Motor Co. to 6.5 percent and said he may be interested in investing additional capital in Ford. The 91 year old Kerkorian has spent...

Continental, United airlines in alliance

Continental and United airlines, which failed to complete talks this spring to become a single carrier, said yesterday that they would work together in an alliance that they hope will boost revenue to offset rising fuel costs.

The Canadian Press Business News Budget for Thursday, June 19, 2008

Via Acquire Media NewsEdge) BUSINESS EDITORS: Here are Canadian Press Business budget lines as of 10 p.m. ET. The Toronto company, restructured under pressure by a Wall Street activist shareholder, said Thursday it wants to go...

InvestSource Inc.: Nexia Signs Sales Contract for $830,000

Stocks in the News: Nexia Holdings, Inc.'s (OTCBB: NXHL), NaturalNano, Inc. (OTCBB: NNAN), Skins Inc. (OTC BB: SKNN), Christopher & Banks Corporation (NYSE: CBK) Jun 19, 2008 -- Nexia Holdings, Inc., headquartered in Salt Lake...

Lower oil prices sent TSX tumbling, helps send NY markets higher

By: Malcolm Morrison, THE CANADIAN PRESS TORONTO - The Toronto stock market lost almost 300 points Thursday as oil prices fell sharply and energy stocks sold off in the wake of an announcement by the Chinese government that it...

No Traction

Stocks Flat: The major indexes were barely changed in afternoon trading. Buying American: Tracinda expands Ford stake by 20 mln shares. Paulson On Tap: Treas. Sec. to speak on Fed and market regualtion. The Lowdown Traders...

Nasdaq advances, Dow adrift

Technology shares lift the composite, a drop in crude prices keeps the broader market stable, but gains are limited after Citigroup warns about mortgage writedowns. A tech rally propelled the Nasdaq and lower oil prices helped...