Ed Whitacre, who is at least partially responsible for the problems at GM since it came out of Chapter 11, will add the CEO title to that of chairman. He has been interim CEO since pushing Fritz Henderson out of the job seven weeks ago
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Bill Gates, chairman of Microsoft (NASDAQ:MSFT) strongly implied that Google (NASDAQ:GOOG) has done the wrong thing by challenging the Chinese government on censorship of the internet. According to Reuters, Gates views China’s online screening efforts as “very limited.” Gates also said that companies should abide by the local laws in the nations where they do business [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
These are Monday’s top day trader and active trader alerts seen in the pre-market levels. We have a link to each story where applicable over at VSInvestor.com with more details and analysis: Pacific Ethanol, Inc. (NASDAQ: PEIX) is up on sentiment by almost 7% earlier this morning.
China’s leaders say the plan to keep their stimulus package in place, make capital available at low-cost, and work to increase consumer spending within the country’s borders will last into next year. The news should be positive for both the US and China.
John Tamny of RealClearMarkets Perhaps in an effort to shore up his budgetary bona fides during a period of reckless spending, President Obama recently announced his goal to put the federal government on a budgetary diet. As Obama put it, under his plan “Congress can only spend a dollar if it saves a dollar elsewhere.” At first [[ This is a content summary only.
From the NY Times: G.M. Bankruptcy Plan Clears Bondholder Hurdle General Motors’ bondholders finished voting Saturday on the company’s plan to exchange their debt for an ownership stake … Bondholders with slightly more than 50 percent of G.M.’s $27.2 billion in bond debt agreed to support the plan by the deadline of 5 p.m …
