Archive forFebruary, 2009
[audio] Before the close report from MarketWatch Radio Network [1.0 min] (at MarketWatch)
The latest money news from John Wordock.
GM future in doubt after $31bn loss (at FT.com)
General Motors underlined its dire financial condition on Thursday as it reported an unexpectedly heavy cash drain in the final three months of 2008 and warned that Deloitte, its auditor, might cast doubt on its standing as a going concern.
Tata sets Nano launch date (at FT.com)
Tata Motors on Thursday set April as the launch date for the Nano, the world’s cheapest car, in a bold gamble that India’s largest automaker hopes will revive its plummeting sales.
Bond Report: Treasurys trade down with auction, deficit in focus (at MarketWatch)
As prices again decline, Treasury yields move higher for a fourth consecutive session. Traders play off the government’s sale of $22 billion in 7-year notes, the last of three record-sized note auctions this week, as investors also digest the implications of the Obama administration’s budget for fiscal 2010.
Will GM bonds become worthless? (Money)
Q. I have General Motors bonds that mature in 2011. If the company files for bankruptcy, how much will I get back, if anything? - Ginny Lane, Indianapolis