All posts tagged Street

Ally Fincl: Rescap Mortgage Subsidiaries File Chapter 11 – Wall Street Journal

INAUTONEWS Ally Fincl: Rescap Mortgage Subsidiaries File Chapter 11Wall Street JournalIn a surprise move, Ally also said it separately would pursue the sale its international operations, including auto-finance businesses and insurance operations, to maximize its ability to get out from under government ownership.Ally Financial Announces Key Strategic Actions to Strengthen Company and …MarketWatch (press release)Bankruptcy [...]

Ghost of Occupy Wall Street to haunt GE meeting – Chicago Tribune

Ghost of Occupy Wall Street to haunt GE meetingChicago Tribune"It's the 99 percent and we want to serve notice to the 1 percent that it's time to start paying your fair share in taxes and being a little more responsible," said Christian Gary, an organizer with Good Jobs Now in Detroit.and more » Auto Finance Jobs [...]

Time To Pay Up, Chump – Wall Street Journal

Time To Pay Up, ChumpWall Street JournalIt's one thing to finance the poor. For many of us, this is a religious or spiritual obligation. But we are not morally beholden to finance the rich. So when we do it, it is an even greater blessing. I love parting with more than one-third of my income [...]

The Student Loan Debt Bubble – Wall Street Pit

The Student Loan Debt BubbleWall Street PitAfter so many years of fixes (it's been 5 years since the subprime crisis began) we're getting to know how the fixes work. Let's start with the money. When a fix is needed, the feds come up with money. But everyone knows the feds are broke.and more » Subprime Auto [...]

US EQUITIES WEEK AHEAD: Auto, Retail Sales; April Jobs Data – Wall Street Journal

US EQUITIES WEEK AHEAD: Auto, Retail Sales; April Jobs DataWall Street JournalBy Nathalie Tadena Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Auto makers on Tuesday are expected to report an increase in US new-vehicle sales in April from a year ago, continuing the first quarter's strong sales pace, according to car-shopping …and more » Auto Finance [...]

BMW Increases Investment in India – Wall Street Journal (blog)

INAUTONEWS BMW Increases Investment in IndiaWall Street Journal (blog)By Santanu Choudhury of Dow Jones Newswires New Delhi – BMW AG said Monday it has more than doubled its investment in India in the financial services business to further expand its operations in this growing market for automobiles. The German auto …BMW Group increases investment in [...]

Ally Financial Profit Rises; ResCap Still a Cloud – Wall Street Journal

MLive.com Ally Financial Profit Rises; ResCap Still a CloudWall Street JournalBy ANDREW R. JOHNSON NEW YORK—Ally Financial Inc., the government-owned lender that may seek bankruptcy protection for its struggling mortgage business, posted a $ 310 million profit in the first quarter, driven by solid auto-finance results and …Gov't housing programs lift gov't-owned Ally in 1QBusinessWeekAlly [...]

Ally Financial: Could Lose Up To $1.2B In ResCap Bankruptcy – Wall Street Journal

MLive.com Ally Financial: Could Lose Up To $ 1.2B In ResCap BankruptcyWall Street JournalBy Andrew R. Johnson Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Ally Financial Inc., the government-owned auto lender, said Friday it could lose up to $ 1.25 billion if its struggling mortgage subsidiary, Residential Capital, files for bankruptcy.Gov't housing programs lift gov't-owned [...]

Chrysler Moves Closer to Setting Up Finance Unit – Wall Street Journal

Chrysler Moves Closer to Setting Up Finance UnitWall Street JournalBy JEFF BENNETT And AMDREW R. JOHNSON Chrysler Group LLC told auto lender Ally Financial Inc. it won't renew its partnership, raising the likelihood the auto maker could establish its own in-house lending arm to better compete in the US automotive …Chrysler to Let Ally Auto-Financing [...]

Cambodia Joins Stocks Party – Wall Street Journal

Wall Street Journal Cambodia Joins Stocks PartyWall Street JournalA number of stock markets in the region have reached multiyear highs in recent weeks, with benchmark indexes in Manila and Jakarta up 19% and 11% year over year, respectively, amid sluggish global growth rates. In Indonesia's case, a series of …and more » Auto Finance Rates Malaysia [...]