This week Chrysler announced that it was exchanging 35% of its equity and three seats on its board with European car maker Fiat in exchange for no cash but instead access to some of Fiat's platforms and technology. No cash.
Today it is coming out that the deal is contingent on us taxpayers giving Chrysler $3 billion more in loans. I don't know about you but I wasn't planning on giving them anything more.
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It's unfortunate but Apple is likely going to have to pay some price for its inconsistent disclosure over Steve Jobs' health, Bloomberg reports.
Meanwhile, Apple co-founder Steve Wozniak puts forth very weak argumen in PC World mag that Apple may end up stronger after Jobs' timeout.
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The futures are up nicely which means next to nothing after yesterday's rout.
For the second month in a row, oil prices have been very volatile around the monthly switch of the front-month contract, which means there are still probably way too many speculators in the market. The good news is that at $35 or $40, oil is among the least of our problems.
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