Charting Stocks

General Motors has announced the acquisition of Delphi’s steering operations. Terms of the deal  were not yet disclosed, though GM agreed to increase its credit commitments to Delphi to $450 million from $300 million, effective March 24.
GM gained media attention recently for essentially black mailing the US government for an extra $17 billion on top [...]

Much has been made about the so-called bank stress tests which are being conducted by the US treasury though the government has revealed little or no information on what the test might entail.
Tim Geithner has described the stress test only as “a more consistent, realistic and forward looking assessment about the risk on balance sheets,” [...]

Capital One Financial Corp. has increased the interest rate it charges card holders by 14% regardless of  credit worthiness. The bank was the recipient of $3.56 billion in US taxpayer money which was given as an incentive to lend to the public. Capital One has since announced the acquisition of a major bank and the [...]

The heavily indebted Spanish construction group Sacyr Vallehermoso announced the sale of the highway operator Itinere Infraestructuras to Citigroup for $10 Billion (7.88 Billion Euro’s).

Citigroup is buying a toll road (Highway) in Spain.
You can’t make this stuff up!
Citigroup? The bank that was on the verge of failing last week. The bank that was on [...]