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May 25, 2012
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| 10:35 EDT |  | GM |
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| 10:28 EDT | | GM |
| theflyonthewall.com: | GM discloses wife of CFO works for ad agency that received $600K from company |
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May 24, 2012
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| 08:38 EDT |  | GM |
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| 07:41 EDT | | GM |
| theflyonthewall.com: | GM denies it plans to move its South Korean production to Europe, Reuters says |
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| 06:20 EDT | | GM |
| theflyonthewall.com: | Fire investigation in Chevy Cruzes expands another model year, Detroit News says | | The NHTSA has expanded its investigation into fires in General Motors' (GM) Chevy Cruze to 2012 model year as well as the 2011 model year. The probe ow covers about 370,000 vehicles. Reference Link :theflyonthewall.com |
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May 22, 2012
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| 06:14 EDT | | GM |
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May 21, 2012
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| 10:58 EDT | | GM |
| theflyonthewall.com: | Ford scheduled to begin shipping electric vehicles, Reuters reports | | Ford (F) was slated to send its first electric cars to dealers this weekend, Reuters reported Saturday morning. The automaker was scheduled to send about 650 Ford electric vehicles to 67 dealers over the next couple of weeks, the news service added. Reference Link :theflyonthewall.com |
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| 06:23 EDT | | GM |
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May 20, 2012
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| 09:55 EDT | | GM |
| theflyonthewall.com: | If not supported, Facebook could fall below its offering price, Barron's says |
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May 19, 2012
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| 15:41 EDT | | GM |
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May 18, 2012
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| 15:45 EDT | | GM |
| theflyonthewall.com: | General Motors decides to pull out of advertising at Super Bowl, WSJ says | | General Motors (GM) said it will no longer advertise in the Super Bowl, reports the Wall Street Journal. The company's global marketing chief said the ads have become too expensive to justify the cost. Reference Link :theflyonthewall.com |
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| 12:27 EDT | | GM |
| theflyonthewall.com: | GM hopes to reach investment grade in one year, Bloomberg reports | | GM (GM) CEO Dan Akerson said he hopes the U.S. automaker will regain an investor grade credit rating within one year, according to Bloomberg. Reference Link :theflyonthewall.com |
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| 06:00 EDT | | GM |
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May 16, 2012
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| 16:23 EDT |  | GM |
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| 14:00 EDT | | GM |
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| 13:10 EDT | | GM |
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| 12:14 EDT | | GM |
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| 09:47 EDT |  | GM |
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| 09:32 EDT |  | GM |
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| 09:00 EDT | | GM |
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| 07:15 EDT |  | GM |
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| 07:13 EDT | | GM |
| theflyonthewall.com: | Berkshire cuts Intel position, adds to GM Viacom, Reuters reports | | Berkshire Hathaway (BRK.A) added new positions in GM (GM) and Viacom (VIAB) in Q1, and lowered its stake in Intel (INTC) by 33%, reports Reuters. Reference Link :theflyonthewall.com |
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| 06:35 EDT | | GM |
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| 06:15 EDT | | GM |
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| 06:07 EDT | | GM |
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May 15, 2012
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| 16:28 EDT | | GM |
| theflyonthewall.com: | Berkshire Hathaway reports new stakes in General Motors, Viacom | | :theflyonthewall.com |
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| 16:26 EDT | | GM |
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| 15:57 EDT | | GM |
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| 15:15 EDT | | GM |
| theflyonthewall.com: | GM says Facebook ads have little impact, will stop buying them, WSJ reports | | General Motors (GM) executives determined their paid ads on Facebook (FB) had little impact on consumers and will stop advertising on Facebook, according to The Wall Street Journal, citing sources. The sources added that the auto maker will continue to expand its use of marketing through Facebook's pages where it can display content at no cost. Reference Link :theflyonthewall.com |
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| 14:54 EDT | | GM |
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| 07:41 EDT | | GM |
| theflyonthewall.com: | Ally CEO: Closer to sale or IPO after ResCap bankruptcy, Detroit Free Press says | | Ally Financial's CEO Michael Carpenter said the bankruptcy of its distressed mortgage unit, ResCap, puts the lender closer to a possible initial public offering, a sale to private equity investors or an expansion through acquisitions, according to The Detroit Free Press. Reference Link :theflyonthewall.com |
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| 06:06 EDT | | GM |
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May 14, 2012
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| 10:58 EDT | | GM |
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| 07:37 EDT | | GM |
| theflyonthewall.com: | American Financial Services Association to host a conference | | 22nd AFSA Finance Industry Conference for Fixed Income Investors is being held in Boston on May 14-16. :theflyonthewall.com |
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| 07:20 EDT | | GM |
| theflyonthewall.com: | U.S. auto sales may pick up economy, Bloomberg reports | | Car sales, running at the fastest pace in four years, are poised to reverberate through the U.S. economy as a spillover into production, profits and jobs for Americans may be starting, reports Bloomberg. Reference Link :theflyonthewall.com |
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| 07:17 EDT | | GM |
| theflyonthewall.com: | Newcastle Investment to acquire Excess mortgage servicing rights from Nationstar | | Newcastle (NCT) has signed a definitive agreement to acquire up to a 65% interest in excess mortgage servicing rights from Nationstar Mortgage (NSM) in connection with Nationstar’s acquisition of certain residential mortgage servicing rights and other assets from ResCap in connection with ResCap’s proposed sale of these assets pursuant to an auction supervised under the U.S. Bankruptcy Code. Newcastle expects to invest between $150 million to $300 million to acquire an interest in Excess MSRs related to Nationstar’s proposed acquisition of primary mortgage servicing rights with an unpaid principal balance of approximately $201 billion as of February 29, 2012. Nationstar will be the servicer of the loans and will invest alongside Newcastle by retaining an approximately 35% interest in the Excess MSRs. Approximately 65% of loans associated with the primary mortgage servicing rights are owned, insured or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae. The cash purchase price of the mortgage servicing rights and subservicing contracts would be approximately $700 million based on unpaid principal balances as of February 29, 2012. Nationstar anticipates that the court will approve in mid-June the auction procedures and timeline for the sale of the Mortgage Servicing Assets and that the auction process will last approximately 90 days, during which time ResCap will solicit competing bids. If Nationstar is the successful bidder, then ResCap will seek court approval to sell the Mortgage Servicing Assets to Nationstar and the closing of the Transaction would be expected to occur in late 2012. :theflyonthewall.com |
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| 07:03 EDT | | GM |
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| 07:02 EDT | | GM |
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| 07:00 EDT | | GM |
| theflyonthewall.com: | GM faces showdown with European unions, WSJ reports | | GM's (GM) plan to return its troubled European unit to profitability is taking shape as the company heads into its first major showdown with the region's powerful labor unions amid the latest restructuring, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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| 06:18 EDT | | GM |
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| 06:16 EDT | | GM |
| theflyonthewall.com: | Ally's ResCap may file for bankruptcy today, Detroit News reports | | ResCap, Ally Financial's subprime mortgage unit, could file for bankruptcy today in New York, two people briefed on the matter tell the Detroit News. The move could pave the way for the company to go public eventually. Reference Link :theflyonthewall.com |
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| 06:11 EDT | | GM |
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May 11, 2012
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| 13:23 EDT | | GM |
| theflyonthewall.com: | GM's Chinese joint venture to recall almost 50,000 cars, Reuters says | | GM's (GM) Chinese joint venture will recall almost 50,000 of its Aveo cars in China due to faulty brake fluid sensors, according to Reuters, which cited a Chinese regulator. Reference Link :theflyonthewall.com |
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| 10:02 EDT | | GM |
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| 06:14 EDT | | GM |
| theflyonthewall.com: | Subprime mortage unit of Ally may file for bankruptcy, Detroit News reports | | Ally Financial's subprime mortgage unit may file for bankruptcy as early as next week, the Detroit News reports. The move could help Ally repay the rest of its $17.2B bailout and launch an IPO. Reference Link :theflyonthewall.com |
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