The Useless East Canada thread!
give a take a couple thousands of 6's.
Last edited by noodleman; Nov 7, 2008 at 07:50 AM.
can we say ... FOOKED? 
GM posts $2.5B loss
Company suspends talks to acquire Chrysler, warns it could run out of cash in 2009
The Associated Press
Nov 07, 2008
DETROIT–General Motors Corp. says it lost $2.5 billion in the third quarter and warned that it could run out of cash in 2009.
GM also said it has suspended talks to acquire Chrysler. While it didn't specifically name the automaker, GM said it was setting aside considerations for a "strategic acquisition.''
The automaker also said its cash burn for the quarter accelerated to $6.9 billion due to a severe U.S. auto sales slump.
The company on Friday reported a net loss of $4.45 per share during the quarter, compared with a record-setting loss of $39 billion, or $68.85 per share, a year ago.
Revenue fell to $37.9 billion from $43.7 billion, due largely to credit freezing across the globe.
The loss exceeded Wall Street estimates. Analysts surveyed by Thomson Reuters predicted a loss of $3.70 per share on sales of $39.4 billion.
The struggling company announced it would improve liquidity by $5 billion by the end of next year by cutting capital spending, reducing sales promotions, and further cutting production in the first quarter. It also suspended the company match for its stock savings (401k) plan in the U.S.
"Even if GM implements the planned operating actions that are substantially within its control, GM's estimated liquidity during the remainder of 2008 will approach the minimum amount necessary to operate its business," the company said in a news release.
"Looking into the first two quarters of 2009, even with its planned actions, the company's estimated liquidity will fall significantly short of that amount unless economic and automotive industry conditions significantly improve" or it receives government funding, the news release said.
GM shares fell 53 cents, or 11 per cent, to $4.27 in morning trading.
thestar.com
Company suspends talks to acquire Chrysler, warns it could run out of cash in 2009
The Associated Press
Nov 07, 2008
DETROIT–General Motors Corp. says it lost $2.5 billion in the third quarter and warned that it could run out of cash in 2009.
GM also said it has suspended talks to acquire Chrysler. While it didn't specifically name the automaker, GM said it was setting aside considerations for a "strategic acquisition.''
The automaker also said its cash burn for the quarter accelerated to $6.9 billion due to a severe U.S. auto sales slump.
The company on Friday reported a net loss of $4.45 per share during the quarter, compared with a record-setting loss of $39 billion, or $68.85 per share, a year ago.
Revenue fell to $37.9 billion from $43.7 billion, due largely to credit freezing across the globe.
The loss exceeded Wall Street estimates. Analysts surveyed by Thomson Reuters predicted a loss of $3.70 per share on sales of $39.4 billion.
The struggling company announced it would improve liquidity by $5 billion by the end of next year by cutting capital spending, reducing sales promotions, and further cutting production in the first quarter. It also suspended the company match for its stock savings (401k) plan in the U.S.
"Even if GM implements the planned operating actions that are substantially within its control, GM's estimated liquidity during the remainder of 2008 will approach the minimum amount necessary to operate its business," the company said in a news release.
"Looking into the first two quarters of 2009, even with its planned actions, the company's estimated liquidity will fall significantly short of that amount unless economic and automotive industry conditions significantly improve" or it receives government funding, the news release said.
GM shares fell 53 cents, or 11 per cent, to $4.27 in morning trading.
thestar.com
OHHhhhh
woo, just came back from a bar. Friday nights ftw, so many asian slutty asian girls it's not even funny, goddamn.. eye candy everywhere...
There was also 3 blonds grinding each other, which I thought was quite hilarious and yet a turn on at the same time as they were all hot
There was also 3 blonds grinding each other, which I thought was quite hilarious and yet a turn on at the same time as they were all hot
One problem imo though, I do not like asian blondes. It just feels so fundamentally wrong that I can't do it.
Registered User
Joined: Jul 2007
Posts: 3,491
Likes: 0
From: Brantford, Ontario
I am seriously considering checking it out tonight..
No fukn Gino beats all night long.. I would go insane..
If you are planning a night with friends, you may as well go downtown tomorrow.. Tiesto is at Circa.. that should prove to be ***** heaven
Registered User
Joined: Jul 2007
Posts: 3,491
Likes: 0
From: Brantford, Ontario
Im already going to ***** heaven tomorrow.. its called DragonFly 
were gonna get a hotel and stay over, get wasted and pedo action
Gino beats all night long I cant take anymore either, gotta mix it up, gotta have some NigMix to upskirt
were gonna get a hotel and stay over, get wasted and pedo action
Gino beats all night long I cant take anymore either, gotta mix it up, gotta have some NigMix to upskirt
