U.S. stocks closed little changed on Thursday, with the S&P touching highs, as investors weighed mostly upbeat earnings and mixed economic reports.» Read More
DETROIT, July 24- Ford Motor Co one-upped its larger rival General Motors Co in the second quarter, showing a profit in Europe for the first time in three years while GM was weighed down by recall-related costs in the United States.
*Caterpillar weighs on Dow, Facebook hits record on results. NEW YORK, July 24- U.S. stocks barely budged on Thursday as corporate earnings painted a mixed picture of the economy, though the S&P 500 eked out a record intraday high for the third straight session.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AT&T Inc. fell. 9 percent to $35.55 with 26,878,300 shares traded. Advanced Micro Devices Inc. fell. 4 percent to $3.75 with 16,512,500 shares traded.
Ford Motor Co. rose$. 25 or 1.4 percent, to $18.03. General Motors Co. fell$. 96 or 2.6 percent, to $36.45. Toyota Motor Corp. rose$. 13 or. 1 percent, to $119.56.
DEARBORN, Mich., July 24- Ford Motor Co reported second-quarter operating earnings that beat expectations thanks to record profit in North America, boosting its shares more than 1 percent in early trading.
Investors reacted to quarterly results from companies across several industries, including Facebook, Ford and Caterpillar. "It was a very impressive quarter on top of what we believe were very high Street expectations," said Paul Vogel, an analyst with Barclays Capital, in a note to investors.
U.S. stock index futures rose on Thursday, ahead of one of the heaviest days for U.S. and European second-quarter earnings.
General Motors reported a lower profit due to numerous recalls and the expected cost of at least $400 million for its victims' compensation fund.
Ford Motor reported quarterly earnings that beat analysts' expectations on Thursday.
Some of the names on the move ahead of the open.
DEARBORN, Mich., July 24- Ford Motor Co's operating earnings for the second quarter beat Wall Street expectations as better-than-expected profit in North America and Europe countered weaker results in Asia Pacific and South America.
DEARBORN, Mich., July 24- Ford Motor Co's operating earnings for the second quarter beat Wall Street expectations as better-than-expected profit in North America and Europe countered weaker results than expected in Asia Pacific and South America.
What's hurting Hyundai is helping Detroit, says Paul Ingrassia, Reuters managing editor, sharing his thoughts on Ford's better-than-expected earnings, and providing an outlook on the auto industry.
DEARBORN, Mich.— Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years. Marketing expenses for new products, like the truck and the Ford Edge in the U.S. and the Mondeo and Focus sedans in Europe, will also take a bite out of earnings.
CNBC's Phil LeBeau breaks down the automaker's Q2 results of EPS $0.40 ex-items on revenues of $35.3 billion.
Asian equity markets ended mixed on Thursday following gains in the morning session as attention turned to the region's earnings season.
An earnings deluge will hit the stock market Thursday, and analysts say that mostly good reports could continue to drive new highs.
The 2014 Honda Accord Plug-in Hybrid sedan doesn't amaze and daze with its mainstream looks, nice cloth seats and pleasant ride. Its "wow" factor is, simply, how few times a driver may need to stop at a gasoline station in a year.
Ford Motor Co. rose$. 12 or. 7 percent, to $17.82. General Motors Co. rose$. 33 or. 9 percent, to $37.76. Honda Motor Co. rose$. 18 or. 5 percent, to $35.45.
DEARBORN, Mich.— Ford's luxury Lincoln division is getting a new president. Kumar Galhotra, Ford's vice president of engineering, will become president of Lincoln on Sept. 1. Ford's global marketing chief, Jim Farley, led Lincoln for the last 18 months.