- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
According to calculations by Reuters, every Chevrolet Volt that General Motors (NYSE:GM) builds incurs a whopping $ 49,000 loss. The loss would reduce if GM could ramp up production volumes but the hitch is that competitors are doing better with their sales of electric and hybrid cars.
Don’t Miss: Here’s How Best Buy is Betting on Bezos.
According to the New York Post, brokerage Morgan Stanley Smith Barney could be valued at $ 15 billion by a consultant, which is roughly midway between the valuation of $ 22 billion sought by Seller Citi (NYSE:C) and buyer Morgan Stanley’s (NYSE:MS) view of $ 9 billion.
Plains Exploration & Production (NYSE:PXP) which has a market cap of $ 5.2 billion, may buy assets in Gulf of Mexico oil fields from BP (NYSE:BP) for a reported $ 7 billion, as the latter attempts to meet its target to sell $ 38 billion in assets to pay for its liabilities from the 2010 oil spill disaster. BP has already clinched sale deals worth $ 26.5 billion.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.