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Business
Is the GM section 363 bankruptcy plan really a stealth re-organization plan?
We have just learned that Fiat has successfully completed its deal with Chrysler. This means that the bankrupt ‘Old Chrysler’ will now have far fewer cash and assets available for creditors and that it will be liquidated with large or…
Mossberg: Palm Pre to Rival iPhone
The Wall Street Journal’s Walt Mossberg has a nice video explaining how much he likes the new Palm Pre smartphone and why he thinks it could rival the iPhone going forward. He thinks its a challenger to the Blackberry as well. It…
Magna is going to get GM Europe
You probably saw in my links that Fiat had bowed out because of German government demands. The Magna story also comes via the BBC: Canadian car parts maker Magna International is the preferred bidder for GM Europe, owner of Opel and…
GM headed for bankruptcy
GM Bondholders are not happy about the GM deal because the government seems to be running the same scheme where senior bondholders get a serious haircut while other constituents like the union and the federal government get more. Chrysler…
Celebrity Apprentice as a reflection of American corporate governance
I just finished watching this show called Celebrity Apprentice hosed by Donald Trump. Why I did is a question for a psychologist. You may be familiar with the show. It pits two teams of individuals against one another in random tasks,…
A Case Of Gangster Government?
This is a video “discussing whether the Obama administration has intervened too much in business affairs, with Thomas Lauria, White & Case attorney and CNBC's Michelle Caruso-Cabrera.” As GM has similar circumstances, the case is…
Chrysler dissident lenders lose fight and disband
Reuters is reporting that the dissident Chrysler lender group has disbanded. Apparently, the lenders have finally figured out that they have zero chance of getting what they want as I have been saying all along (see posts here and…
Porsche and VW merge as auto consolidation continues
Volkswagen and Porsche have finally hammered out a merger plan after some bitter infighting. My understanding is that the new company will carry the Porsche name and trade under its ticker symbol. In addition, the company plans to raise…
Fiat as the engine for change in the auto industry
As developments in the global auto industry continue apace, it is becoming increasingly evident that Fiat has fashioned itself as a change agent in an industry rife with overcapacity. While eyes in the U.S. are fixed on a Fiat-Chrysler…
The Boston Globe to be shut down
This comes via the Washington Post: The New York Times Co. said last night that it is notifying federal authorities of its plans to shut down the Boston Globe, raising the possibility that New England's most storied newspaper could…