Philip Chua Business Blog

Archive for July 12th, 2009

With General Motors leaving bankruptcy, can its core brand churn out cars and crossover SUVs that stand up to Toyotas, Hondas, and Fords?

General Motors completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars people are eager to buy.

With little upbeat news ahead of a crush of corporate earnings reports next week, stocks on Friday hit their longest losing streak since the market’s spring rally began in early March.

U.S. consumer sentiment soured in early July, slipping to its weakest since March, when confidence in the financial sector and economy were at a low ebb.

Even after emerging from bankruptcy, the new GM still faces some of the same troubles that haunted the old one, which piled up more than $80 billion in losses during the past four years.

Procter & Gamble has unleashed Pringles in a barrage of new flavors even as speculation grows that the snack could be among the next P&G brands to be sold or spun off.