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Kooks In Suits
http://www.kooksinsuits.com
Devoted to covering some of the more "interesting" business news, including auto makers, airlines, the record industry and more.
Recent Posts
A Day Of Silence
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Not Exactly Filling The Coffers
Wasn’t it nice of our government to “allow” some banks to pay back money. We wouldn’t want to see rampant abuse of that permission would we? U.S. officials on Tuesday gave 10 of the nation’s biggest banks approval to pa...
Good News
It seems the storm is subsiding, even for just a bit. Fewer U.S. workers filed new claims for jobless benefits for a third straight week last week and productivity rose at a stronger-than-expected pace in the first quarter, data showed on Thursday, s...
Stupid Is As Stupid Does
General Motors Corp said on Tuesday it reached a tentative deal to sell its Hummer brand to a privately held Chinese heavy machinery maker, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company. GM, a day ...
There’s Always a Real Price (TARP)
When you make a deal with the devil, there’s always a price to pay. PMorgan Chase & Co (JPM.N) and American Express Co (AXP.N) on Monday announced plans to sell $5.5 billion of common stock, hoping to position themselves to quickly repay f...
Bad TIming
Oh, cool! They’re coming out of bankruptcy just in time to sit idle while all the automative manufacturers are in bankruptcy. Well, almost all of them. Delphi Corp (DPHIQ.PK) said on Monday it has reached a deal to sell most of its global o...

