As affluent parents accelerate spending on kids' education, wealth gap could widen further Single PayPal likely to partner with eBay competitors, aggressively fight for mobile space After gov't discloses first US-diagnosed case of Ebola, shares of cos. studying vaccines rise FCC drops sports blackout rule, but NFL can still bar airing of games that don't sell out After Bill Gross' resignation, Pimco turns to insider to keep firm going Asian stocks mixed after Wall Street slide, drop in Korean factory output AP Source: US and Brazil resolve decade-long trade fight over cotton subsidies EU targets Apple's overseas tax model, says Ireland appears to grant firm illegal rebate New Viagra ads target women for 1st time by encouraging them to push men to get treatment Oil, rail industries want 7 years to retrofit cars that transport highly volatile crude oil» Read More
Auto parts supplier and tire maker Continental said Wednesday that its second-quarter net profit rose by 50% amid demand by car makers for its automotive parts and tires.
Luxury car maker BMW said Wednesday that its second-quarter profit slipped 4.3 percent, hurt by a strong euro, rising materials costs and the costs of launching new models.
General Motors on Tuesday said it flipped to a net profit, trouncing Wall Street estimates as it benefited from cost-cutting, a better mix of products and growing sales overseas.
When I sat down to talk with GM CEO Rick Wagoner this morning on "Squawk Box," I was expecting to see a man, beaming over the better than expected second quarter earnings. Instead, I saw the Chairman of a company who looked cautious. Why? Well, maybe it's because General Motors' glass is half full, and filling it up even more will be a challenge. Certainly the second half of this year will be tougher than the first half.
Truckmaker MAN said Tuesday that improved demand in eastern Europe for its trucks along with lower costs helped its second-quarter earnings more than double as it confirmed its outlook for the rest of 2007.
Digital mapping company Tele Atlas, in the process of being acquired by navigation device maker TomTom for 1.8 billion euros ($2.5 billion), Tuesday reported a second quarter net loss of 1.2 million euros ($1.6 million).
This job really does beat working for a living. I've just had the opportunity to drive a car worth, gulp, $435,000. That's about twice the price of your average home in the U.S. these days. The car is a new Rolls Royce Phantom Drophead Coupe (pronounced coup-AY). Drophead is a fancy name for convertible. The car will start selling in September, and the first year is pretty much sold out. Yeah. Sold out.
It sounds like a Hollywood script. Futuristic looking car generates the type of buzz needed to become a star: but it never shines as predicted, flames out amid scandal, and years later its devoted fans pine and plan for the icon's revival. It's only fitting I see this story in the Los Angeles Time this weekend. The star car in question is the DeLorean. The famed sports car that has achieved greater popularity since its limited production finished in 1982.
Luxury car maker Audi, a unit of Volkswagen, said Monday that sales and profit soared during the January-June period, putting it on track to a 12th consecutive year of record results.
German sports car maker Porsche is not currently considering raising its 31 percent stake in Volkswagen once a law capping voting rights is repealed, a German newspaper reported on Sunday.
There's a new sheriff at Dodge, and for that matter Chrysler as well. But the new boss is actually one of the old bosses. Either way you look at it, the return of Wolfgang Bernhard to be chairman of Chrysler is important for a few reasons. First, he brings the kind of urgency Chrysler needs.
French tire-maker Michelin said Friday that profitability increased sharply in the first half, with strong tire sales bolstered by a cost-cutting plan.
Volkswagen, the world's fourth largest carmaker, will meet its 2008 pretax profit target of 5.1 billion euros ($7 billion) a year earlier than planned, the company said on Friday.
Ford Motor Chief Executive Alan Mulally told CNBC Thursday that the company's latest results are an encouraging sign that its restructuring plan will help return the company return to profitability.
Credit worries and bad news from home builders trumped any positives from the stream of earnings being reported this morning. Wall Street is set up for a steep drop on the opening and the talk in the market focuses on whether the takeover boom is ending.
No, your eyes aren't deceiving you--Ford DID post a profit of $750 million. That's right, the automaker that was sucking fumes earlier this year is now back in the black. Which brings up the question: Is this real? The answer is yes, but don't take this to mean Ford is out of the woods.
If you are a Mercedes Benz fan, you may have already tuned in to the latest attempt by the automaker to reach out to buyers. It's called Mercedes-Benz.tv. It's actually on the Mercedes Benz Web site www.mercedes-benz.tv and it is perhaps one of the best sites run by an automaker, when it comes to advancing the placement of a brand.
Siemens' new chief executive made his debut on Wednesday with a politically astute disposal, a surprise acquisition but a weak set of third-quarter results, sending Siemens shares down more than 4%.
DaimlerChrysler's premium auto division Mercedes Car Group boosted second-quarter earnings before interest and tax (EBIT) 74% to 1.20 billion euros ($1.66 billion), the world's fifth-biggest carmaker said on Wednesday, beating market expectations.
Strong earnings news is helping push credit market fears back into the shadows this morning, and stocks are poised to spring higher at the opening. Some Asian markets sold off after yesterday's bad day on Wall Street and Europe is mostly lower.