Auto Suppliers Get A Life Line
Auto suppliers to get $5 billion in aid: The Treasury Department will pump up to $5 billion in financing into troubled auto parts suppliers to prevent an auto industry collapse that could undermine the government’s work to restructure General Motors and Chrysler. The funds, announced Thursday, will be made available from the government’s Troubled Assets [...]
13 Stocks As Potential Trade With FOMC Meeting Announcement
The Pep Boys-Manny, Moe & Jack (PBY) is an automotive retail and service chain. The Company operates in the automotive aftermarket industry. It is engaged principally in the retail sale of automotive parts, tires and accessories, automotive repairs and maintenance and the installation of parts. PBY recently cut its quarterly dividend by 56% to 3 [...]
New Home Constructions Jumps 22% From Last Month
New Housing Construction Report: The number of new housing projects that builders broke ground on in February rose sharply, defying economists’ forecasts for yet another drop in activity. The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent from January to a seasonally adjusted annual rate of 583,000 units. Economists [...]