After reporting a $4.3 billion loss during the last half of 2009, General Motors saw two positive quarters during the first half of the the year and is expected to stay on course when it reports its latest earnings Wednesday.
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Chevron (CVX) will buy Atlas Energy (ATN) for $3.2 billion cash and $1.1 billion of assumed net debt. Acquiring Atlas will give Chevron a greater presence in the Pennsylvania’s Marcellus Shale natural-gas deposits.
“This acquisition is the right opportunity for Chevron,” said George L. Kirkland, Chevron vice chairman. “We are acquiring a company that has one of the premier acreage…
Continue reading Chevron to Buy Atlas Energy in Deal Worth $4.3 Billion
Chevron to Buy Atlas Energy in Deal Worth $4.3 Billion originally appeared on DailyFinance on Tue, 09 Nov 2010 07:48:00.
Filed Under: Energy, Company News, Technology, Green, Chevron
Chrysler has enjoyed so much success with the new Jeep Grand Cherokee that Fiat (FIATY) may use the vehicle’s platform for Alfa Romeo and Maserati models. Chrysler, which is controlled by the Italian company, introduced the new Grand Cherokee earlier in 2010.
“One of the things that we are now looking at in some detail is the possibility of utilizing this architecture and extending…
Continue reading Fiat May Use Grand Cherokee Platform for Alfa Romeo
Fiat May Use Grand Cherokee Platform for Alfa Romeo originally appeared on DailyFinance on Tue, 09 Nov 2010 07:28:00.
Filed Under: Company News, Autos, Chrysler
General Motors will phase out its Goodwrench maintenance brand in the United States as it seeks to focus marketing efforts on four key brands.
Goodwrench, used by GM dealers to advertise maintenance and repairs for more than 30 years, will be replaced with brand-specific labels such as Chevrolet Certified Service and Buick Certified Service, The Detroit News said.
“Our No. 1…
Continue reading GM to Phase Out Goodwrench Brand
GM to Phase Out Goodwrench Brand originally appeared on DailyFinance on Tue, 09 Nov 2010 07:05:00.
Filed Under: Company News, General Motors, Autos
Tony Hayward, former CEO of BP (BP) said the company was unprepared for the Gulf oil spill and the media attention that went with it. In an interview with BBC News to be broadcast today, Hayward said BP’s emergency planning was lacking, and the company…