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28 Oct 2011 08:04

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Biz, World: Thailand flooding has devastating effect on major industries

  • 4.1% the projected growth forecast in Thailand prior to the floods
  • 2.6% the projected growth forecast after the devastating floods source
  • » A harsh effect, a long reach: With the Thailand floods causing billions of dollars in damage and putting numerous people out of work, Among other industries, the auto industry and the computer industry could suffer significantly due to the Thai flooding. Hard drives could rise in price by up to 40 percent, and car manufacturing plants as far away as North America have had to shut down as a result of the floods — and it’s so bad, some companies are considering sending Thai workers to Japan to continue their work. Many expect the drop in Thailand’s growth forecast to be a sign that the country plans to enact measures to support the economy.
Posted by Ernie Smith • 0 Comments • Permalink

26 Apr 2011 09:59

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Biz: Ford scores largest quarterly profit since “Felicity” was popular

  • $2.55
    billion     the amount in profits that Ford made in its most recent quarter — a huge boost thanks to small cars
  • circa
    1998     the last time Ford had a profit this big — back when we were all listening to Third Eye Blind source
Posted by Ernie Smith • 0 Comments • Permalink

10 Apr 2011 10:41

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Biz, World: How the Japan quake and tsunami has affected the auto industry

  • parts Many auto manufacturers — especially in Japan — are struggling to return to their normal level of production after last month’s earthquake hurt numerous key factories in Japan.
  • labor Manufacturers at Toyota, Nissan and Honda plan to get their workers back on the job very soon — but only at half-time. Toyota’s U.S. factory workers also haven’t had as much work lately.
  • colors Ford, which isn’t Japanese, has its own problems — see, a key metallic pigment they use comes from a factory near Fukushima. Good luck getting a “tuxedo black” car. source
Posted by Ernie Smith • 0 Comments • Permalink

27 Nov 2010 11:43

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Biz: General Motors officially crosses the “biggest IPO ever” mark

  • $23.1
    billion     the size of GM’s IPO, officially the biggest global IPO on record
  • $49.5
    billion     the amount they owe the government for their bailout source
  • » What’s needed next? If the government hopes to break even on its huge investment in GM, the stock needs to hit around $50 a share. It’s currently at $33.80, but if, say, the Chevy Volt is a huge success on the market, it could definitely hit that mark.
Posted by Ernie Smith • 0 Comments • Permalink

16 Nov 2010 20:06

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Biz: Bailout blossoming: GM’s pending IPO quickly growing ever-larger

  • 30% the increase in the total size of GM’s post-bailout IPO tomorrow
  • 478M number of shares to be offered to investors; more could be offered
  • $22.6B the potential size of the IPO, which would be the biggest ever source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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