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The glass is half-full: Why the U.S. economy will strengthen in 2010 Daily Finance Share     While long-term and structural factors are likely to weigh on economic growth in the quarters ahead, the outlook isn't all bad. Investors would be remiss if they didn't consider certain "rays of light," factors that are working in the economy's favor. Here are the major positives heading into 2010. More
All eyes are on L.A. Auto Show The Detroit Free Press Share
This week in the auto industry is all about the L.A. Auto Show. With the exception, perhaps, of General Motors' Saab Swedish brand. While Ford Motor Co. has made progress in selling its Swedish Volvo brand, coming to terms on intellectual property with Chinese automaker Geely, the Saab deal is in disarray. More Caterpillar announces acquisition of JCS Co., Ltd. RTT News Share
Caterpillar Inc., has announced it has entered into an agreement to acquire JCS Co., Ltd., a subsidiary of Jinsung T.E.C. Co., Ltd., a South Korea-based manufacturer that specializes in producing undercarriage components for earthmoving and other off-road machinery. The acquisition builds on a strong, existing relationship between Caterpillar and Jinsung T.E.C. Currently Jinsung supplies Caterpillar with rollers, idlers and metal-faced seals used on a wide range of Caterpillar machines. More Boeing studies stealth Eagle options Aviation Week Share
Boeing is studying the levels of radar cross-section (RCS) reduction possible with its F-15SE Silent Eagle in advance of licensing discussions with the U.S. government on possibly exporting the stealthy fighter. "It's not how low can you go, it's how low are you allowed to go, and the U.S. government controls that," says Brad Jones, Boeing program manager for F-15 future fighters. More
Peugeot to tie up with Caparo for India plan The Financial Express Share
French auto major Peugeot-Citroen is expected to forge a joint venture with auto component manufacturer Caparo India, a wholly owned subsidiary of UK-based Caparo Group, for its India plan. Company officials familiar with the development told Financial Express that the French company, which is re-entering India 11 years after its exit, is looking at setting up a capacity of 6,000 units initially. More Men of steel: Goldman analysts upgrade steel sector The Wall Street Journal MarketBeat Blog Share
Goldman Sachs tossed U.S. Steel on its "conviction list" of buys and upgraded the entire steel sector from "neutral" to "attractive," citing rising prices of scrap - a leading indicator - and the fact that steel stocks have "sharply underperformed other cyclicals." More From CEO on down, GM is focusing on faster decisions and solutions The Detroit Free Press Share
Six months after filing for bankruptcy, General Motors Co. Chief Executive Fritz Henderson's days are fundamentally different. He's running an automaker that has $42.6 billion in cash instead of $90 billion in negative net worth. Instead of spending each day worrying about restructuring details, he says he's focusing on new vehicles and customers. More Detroit needs housing rebound to spur pickup sales The Associated Press via MLive.com Share
Even as Detroit tries to gain traction with new small cars and electric vehicles in a government-mandated shift toward greater fuel economy, it needs to sell more Rams, Chevrolet Silverados and Ford F-150s. Pickups often sell for $30,000 or more and typically command higher prices and generate more profits than small and midsize cars. They account for 22 percent of sales for the Detroit Three. Until pickup sales rebound, steady profits and solid financial footing will likely prove hard to come by. More |
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