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Posted
Feb 17 2009, 06:35 PM
by
Des Toups
Rating:
Money Blog: Smart Spending Blog - MSN Money
Say goodbye to Saturn. And Saab and Hummer, for that matter. Pontiac, too, for all intents and purposes.
Unless buyers (a few million of us -- or maybe just a couple of really adventurous billionaires) step forward, three of General Motors’ eight brands are now destined to join Oldsmobile in the history books. A fourth will be relegated to “niche” status, says GM. The company, until last year the world’s largest automaker, announced plans Tuesday that would drastically scale back its operations in order to stay alive
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Posted
Feb 06 2009, 11:23 AM
by
Karen Datko
Rating:
Money Blog: Smart Spending Blog - MSN Money
This guest post comes from PT at Prime Time Money.
I've written a lot lately about getting rid of debts and reducing expenses. I thought it was time I address the flip side of your finances: making more money. Thanks to suggestions by my Twitter followers, readers and other bloggers, I've been able to put together a solid list of 52 ways to make extra money. Most, if not all, can be done even with a full-time job.
I obviously haven't tried all of these methods, but when possible I've tried to link to an example of the opportunity actually making money. You should be able to find something here that fits you and your skills.
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Posted
Oct 12 2009, 10:20 AM
by
Minyanville
Rating:
Money Blog: Top Stocks Blog - MSN Money
This article is written by Minyanville's Carol Kopp
There’s a truism among investors that you should invest in what you know, understand, and like. It’s a commonsense strategy: You spot something new. It’s special. It’s useful or innovative. It’s cool and affordable. Let me buy some of that!
The response to that can be summed up in just two words: Krispy Kreme (KKD).
Krispy Kreme had been a popular doughnut chain in the South since 1937, but remained unknown to the rest of us until about 1996. That’s when the first Krispy Kreme popped up in New York City, on West 23rd Street.
Believe it or not, the town went nuts.
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Posted
Sep 25 2008, 03:14 PM
by
Charley Blaine
Rating:
Money Blog: Top Stocks Blog - MSN Money
Let me start by stating that CNBC's Jim Cramer can be loud, obnoxious, annoying and even -- as he would admit -- occasionally boorish.
His rant a year ago on how he thought the Federal Reserve was making a horrible mistake when it raised rates in the face of a global credit crunch is the stuff of legend. (Which is why CNBC plays it over and over and over again.)
But Cramer is a very smart guy, and he's offering the best explanation I've seen on why Congress and the White House should pass a financial rescue plan.
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Posted
Oct 21 2008, 08:28 AM
by
Charley Blaine
Rating:
Money Blog: Top Stocks Blog - MSN Money
Being a billionaire isn't as much fun as it used to be. Just ask investor Kirk Kerkorian, the investor and casino magnate.
Kerkorian plunked down $1 billion in Ford Motor in the spring, ending with a 6.4% stake in the automaker. In a bit more than four months, he's seen more than two thirds of the value of that investment vanish as Ford and all the automakers have struggled with high gas prices and the crummy economy.
Monday, he said "no mas." In a Securities and Exchange Commission filing, he said he sold 7.3 million shares of Ford at $2.43 a share. And he may sell the rest.
Here's how the math works.
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Posted
Jun 30 2008, 03:59 PM
by
Charley Blaine
Rating:
Money Blog: Top Stocks Blog - MSN Money
Chrysler exists because Lee Iacocca bet the company on the minivan. Now, thanks to the oil crisis, the minivan looks like it could be on its last legs.
One of the company's two minivan assembly plants will be shut indefinitely on Oct. 31, Chrysler said today. The problem is that families -- the target market for minivans -- have been particularly affected by rising gas and food prices, falling home values and more difficulty in borrowing money.
It's a humiliating development for Chrysler, which spent $1.4 billion on the redesign of its two industry-leading minivans, the Chrysler Town & Country and Dodge Grand Caravan. And then saw sales go, well, nowhere.
"Everything that a family needs is more expensive right now, and so the last thing they're looking at is, 'Do they need to replace their Honda Odyssey?'" said Rebecca Lindland, an auto analyst for Global Insight, the economic consulting firm
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Posted
Sep 25 2008, 12:56 PM
by
Karen Datko
Rating:
Money Blog: Smart Spending Blog - MSN Money
This post comes from Truman Lewis at partner blog ConsumerAffairs.com. The credit crisis and record high gas prices have teamed up to drive the world's largest Chevrolet dealer out of business. Bill Heard Enterprises is closing all 13 of its stores today, the company told its local managers on Wednesday. Insiders said the company notified the stores' general managers of the closing at 2 p.m. Wednesday, Automotive News reported. It closed a store in Arizona earlier this month.
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Posted
Nov 14 2008, 06:38 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
As ironic as it may seem, the finances of OPEC members may be as bad as at any time in recent memory. They have become poor as quickly as they became rich earlier this year.
OPEC obviously expected oil prices to stay above $100 for some length of time. Government budgets in places like Iran and Venezuela depend on high crude. Now they face massive deficits and no way to handle their obligations.
In places including Saudi Arabia and Kuwait parts of the banking systems are strained and the ability of royal families to buy new Hummers and private jets has been hurt.
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Posted
May 05 2009, 04:43 PM
by
Charley Blaine
Rating:
Money Blog: Top Stocks Blog - MSN Money
Starbucks (SBUX) has been hurting. It built way too many stores. Costs were getting out of control. And sales couldn't keep up because, well, there were too many stores.
Then, consumers, squeezed by the recession, began to look for less-pricey alternatives.
A perfect opportunity for a competitor with financial muscle eager to build new audiences -- say, McDonald's (MCD) -- to slip in under the radar. Whoever said business was about nice people being nice?
Now what has been a relatively modest battle is turning into a real war.
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Posted
Oct 21 2009, 10:49 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 A second stimulus won't fly with some Americans, despite the fact that Warren Buffett, Joseph Stiglitz and other experts have called for one.
That's why, even though the White House will likely push something that walks and talks like a stimulus, no one will call it the "S" word. Lawmakers are set to extend some stimulus measures and create some new ones as well, CNNMoney.com reports. Here's a quick rundown: Unemployment. One move being considered is extending unemployment benefits after they run out. An estimated 1.3 million unemployed workers will have exhausted their benefits by the end of the year,
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