http://therundown.blogs.foxbusiness.com Just another blogs.foxbusiness.com weblog Mon, 30 Mar 2009 10:27:16 +0000 http://backend.userland.com/rss092 en Bob Nardelli is living on borrowed time as CEO of Chrysler.   Rick Wagoner is quitting as chief executive of General Motors, after the White House forced him out as a condition of the latest round of corporate bailout money. Chrysler, too, is set to get its share of loans from the ... http://therundown.blogs.foxbusiness.com/2009/03/30/nardellis-compensation-problem/ "Profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it." Sage advice from a Wall Street market strategist? Hardly. That was direct from the mouth of President Barack Obama. Traditionally, presidents don't comment on the markets. They ... http://therundown.blogs.foxbusiness.com/2009/03/03/mr-obamas-stock-recommendations/ Steve Jobs is too sick to serve as CEO. At least for now. Leave it to Apple to snatch shareholder-rights defeat from the jaws of victory. Not too long ago, we were praising Jobs for coming clean and admitting, amid gobs of speculation, that Jobs was ill. He referred to his ... http://therundown.blogs.foxbusiness.com/2009/01/14/steve-jobs-is-sick-after-all/ Apple today released a letter from CEO Steve Jobs that lays out the state of his health. In a nutshell, Jobs is ill, but with what he describes as a "hormone imbalance that has been 'robbing' me of the proteins my body needs to be healthy." That is what has ... http://therundown.blogs.foxbusiness.com/2009/01/05/was-it-really-so-hard-to-fess-up-on-steve-jobss-health/ Put aside the rumors about Steve Jobs' health, which FOX Business Network covered Monday and Gizmodo picked up on today. There is a real question about transparency and corporate governance that needs to be addressed. I hope Steve Jobs is well. Really. He is a legend in both technology and business, an ... http://therundown.blogs.foxbusiness.com/2008/12/30/apples-responsibility-to-shareholders-on-jobs/ Ford's statement notes that the government gave emergency funding to GM and Chrysler, and not Ford. That is true: it did not receive the short-term loans from the government. But, it would be inaccurate to say Ford was not bailed out like the other two. Here's why:   - Ford is still ... http://therundown.blogs.foxbusiness.com/2008/12/19/how-ford-was-bailed-out-too/ Chicago, in addition to being the home of one of most delightfully scandalous political dramas in some years, is also the stage where the first act of the new world order for banks seems to be playing out. At issue are the workers of Republic Window and Doors, which shut its ... http://therundown.blogs.foxbusiness.com/2008/12/10/banks-adjusting-to-new-political-world/ There's an irony in the fight now developing between Merrill Lynch CEO John Thain and N.Y. Attorney General Andrew Cuomo. Thain, according to the WSJ, is fighting with the compensation committee of Merrill to get a $10 million bonus he feels he's entitled to. The committee isn't keen on the idea ... http://therundown.blogs.foxbusiness.com/2008/12/08/john-and-andrew-and-dick-and-eliot/ Second chances aren't producing first-class results. According to the Office of the Comptroller of the Currency, 36% of mortgage holders who had received a re-worked mortgage from their bank were late on payments three months after they got the new loan terms. Worse, 58% of mortgage holders were more than 30 days ... http://therundown.blogs.foxbusiness.com/2008/12/08/the-problem-of-re-defaulting-on-mortgages/ The latest numbers from the Mortgage Bankers Association are pretty nasty. Right now, 6.99% of mortgages are delinquent in some form, and 2.97% are in the foreclosure process. That means that 1 in every 10 mortgages is not being paid on time. But the good news is that it could be ... http://therundown.blogs.foxbusiness.com/2008/12/05/10-of-mortgages-are-in-trouble-but-it-could-be-worse/