OFFICIALS WITH CANADA'S TRANSPORTATION SAFETY BOARD SAY AIR CANADA FLIGHT THAT SKIDDED OFF HALIFAX RUNWAY EARLY SUNDAY HAD HIT ANTENNA ARRAY BEFORE LANDING, LANDING GEAR CAME OFF.» Read More
Stocks ended mostly lower Tuesday after J&J's revenue miss stirred worries about this earnings season.
Stocks skidded Tuesday as earnings season took a turn for the worse. After a few companies delivered what analysts want to see this quarter, improvement in revenue, J&J delivered more of the same from last quarter.
Futures indicated a lower open for Wall Street on Tuesday, after the U.S. market's record-making day on Monday where the Dow Industrial Average reached a new 2009 trading high, close to the 10,000 mark.
What follows is a roundup of corporate earnings reports for Tuesday, Oct. 13.
It’s all about the earnings, he says. These are the companies you need to watch.
Nissan unveils its concept "Land Glider" electric car capable of tilting from side to side, sashaying into curves by up to a 17-degree angle.
There has been quite a bit of newsprint, bandwidth and hot air invested in whether the Obama Administration might push for a second stimulus package. But when you look at the current stimulus package, it's a bit of a head scratcher, considering so little of it has been spent.
Tens of thousands of Americans have turned their cars, vans and trucks into mobile offices, wired with phones and computers to stay in close touch with bosses and customers. Many don't realize the danger, the New York Times reports.
General Motors says it's shutting down the Saturn brand after an agreement with Penske Automotive Group to acquire the unit fell apart.
Opening a government meeting on auto safety, the Obama administration reported Wednesday that nearly 6,000 people were killed and a half-million injured last year in vehicle crashes connected to driver distraction, a striking indication of the dangers of using mobile devices behind the wheel.
Canadian circus billionaire Guy Laliberte blasted off in a Russian Soyuz spaceship from Kazakhstan on Wednesday to become the world's seventh space tourist.
General Motors will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost due to a large-scale factory consolidation announced earlier in the year.
Car dealership chain CarMax said Tuesday its fiscal second quarter profit surged on higher sales and a one-time gain related to its auto financing business.
The transport sector saw an increase of 60 percent over the last six months, a greater percentage increase than the S&P 500, but Lee Klaskow, a transportation analyst at Longbow Research, said the fundamentals of the industry are not getting better, just "less worse."
Both the Dow and S&P 500 closed in negative territory on Friday, ending their five-day winning streak after the declining price of oil dragged down energy shares.
Alan Valdes, vice president of Hillard Lyons and Peter Andersen, portfolio manager at Congress Asset Management Company shared their insights on where to invest in a low volume environment and what investors should be watching for next week.
Taxpayers may not recover all of the bailout money awarded to the auto sector, said Elizabeth Warren, chair of the Congressional Oversight Panel in charge of the Troubled Assets Relief Program [TARP].
A Congressional Oversight Panel report on the use of TARP funds to restructure the auto industry questions some of the decisions President Obamas Auto Task Force made with regard to GM and Chrysler.
Looking ahead to next week after the three day weekend, one transportation stock is something investors should consider, said Art Hogan, managing director at Jeffries. "Navastar is a pure play on North American transportation," Hogan said.
Cash for Clunkers was "one of the most successful stimulus programs of all time" that has helped the auto industry on its road to recovery, AutoNation CEO Mike Jackson told CNBC.