The Dow jumped above 9,000 Thursday as investors shook off a rise in jobless claims and focused instead on encouraging earnings from Ford Motor and 3M. Additionally, existing-home sales rose for a third straight month, climbing 0.3 percent to a seasonally-adjusted rate of 4.89 million in June. Inventories fell 0.7 percent. Watch and listen to what the experts had to say...
Stocks rallied Thursday as investors shrugged off a rise in jobless claims and focused on encouraging earnings from Ford and 3M. A third straight rise in existing-home sales also buoyed the market.
Stocks are essentially flat this morning after a huge earnings morning in which 3 Dow components and 12 percent of the S&P reported.
Futures indicated a slightly higher open for Wall Street Thursday ahead of another vast amount of earnings reports.
The question was blunt. The answer telling. Yesterday as I sat with a handful of other reporters for aone hour chat with Yoshi Inaba, the new President of Toyota North America talked about Toyota building cars that evoke passion.
Cramer makes the call on viewers' favorite stocks.
The new man in charge of Toyota North America, Yoshi Inaba, is focused on getting the Japanese auto maker back on track in the states by making decisions faster and getting closer to the customer.
The Dow turned lower again in late morning trading as investors continued to digest earnings reports from a slew of top-tier companies.
Boulder, Colorado is the perfect place to try out Ford's new EcoBoost engine. After all, zipping up Flagstaff Mountain in a Ford Flex is the way to truly feel the increased torque you get with EcoBoost.
It's the one thing auto execs constantly worry about. Making sure the launch of a new or re-designed model hits the target. It sounds simple, but historically there are numerous cases where an auto maker puts a new car or truck in showrooms and it falls short of expectations. Sometimes woefully short.
For decades, automakers looking for the secret to small-car success would journey to Toyota City in Japan. These days, they are coming to Tychy. Since Fiat effectively took over Chrysler this year, engineers from Detroit have been making monthly pilgrimages here to see something they can only envy: an auto plant that is hiring workers and earning a profit.
Whatever you think, and I know many of you reading this believe the guy ran GM into the ground and is now gone so who cares about him, what Wagoner thinks remains a mystery. Ever since the White House fired him at the end of March, Wagoner has been silent. As GM went in and out of bankruptcy, he said nothing publicly.
Yesterday there were some analyst report circulating that Intel spacer was unlikely to be overly optimistic because the PC food chain was weakening, that recent orders out of Taiwan were weak.
Taking full advantage of bankruptcy court, and the ability to drop contracts it no longer wants, GM is dumping dozens of sponsorships around the country.
Like the whirlwind trips in and out of bankruptcy for GM and Chrysler, Steve Rattner is leaving Washington just a few months after stepping into a high profile position with the Treasury Department. Rattner is leaving the Auto Task Force and heading back to private life in the investment world. Talk about making a splash and then getting out of town.
Today in Detroit, GM Vice Chair Bob Lutz is hitting the ground running in his move to change the image of the auto maker. Everything is up for review.
As GM emerges from bankruptcy Vice Chairman Bob Lutz, who had been scheduled to retire at the end of this year, will take over GM's marketing and communications. His mandate: change the perception of GM, its brands and models. Talk about taking on a tough job.
Now comes the hard part. After 39 days in bankruptcy, shedding thousands of jobs, closing more plants, and writing off billions in debt, GM is about to exit chapter 11 protection and try to show it can finally thrive. On paper it should succeed. In reality, it still has to prove itself.
Well, the Administration can't say "give it time to work" and have some others say "we need another one before this one has had time to do its thing." Talk about creating a box needlessly. And don't you find it curious that the meat of the Stimulus package, the shovel-ready job-creation part of the deal, is due to hit just about in time for the midterm elections?
Can diesel replace hybrids as the most attractive option for those who want a car powered by something other than unleaded gasoline.....The latest Intellichoice study is reason for optimism among diesel fans.