Ford Motor Co., which had a 57 percent plunge in second-quarter net income, will not overhaul its money-losing European operations in the same way it transformed its now-profitable North American operations.
By Paul M. Barrett April 22 (Bloomberg BusinessWeek) -- ? "There is no firm that can step in and replace them," says bank analyst Richard Bove On Apr. 16 the Securities & Exchange Commission sued Goldman Sachs (GS) for misleading a client about an esoteric investment tied to home mortgages. In denying the allegations, Goldman was defiant, insisting it had told its customer, the German bank IKB, all it needed to know. IKB could fend for itself, according to
Ford Motor Co., National Semiconductor Corp. and Macy’s Inc. are among companies planning to maintain relationships with Goldman Sachs Group Inc. after the U.S. Securities and Exchange Commission charged the firm with fraud.
Ford Motor Co. Executive Chairman Bill Ford , great grandson of company founder Henry Ford , sold 3.5 million shares of common stock for total proceeds of $28.4 million, the company said in a regulatory filing today.