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
Congress begins a five-week summer recess that same day. White House support for the 10- month extension has annoyed some Democrats who are opposed because it would push decisions on long-term funding to a newly elected Congress next year. At the very least, Congress should be keeping people on the job who are already there right now, "Obama said.
In a visit to a government highway research center in Virginia, Obama is expected to tout work on so-called vehicle-to-vehicle and vehicle-to-infrastructure communication technology to improve navigation, according to the White House.
Ford Motor Co. rose$. 06 or. 3 percent, to $17.53. General Motors Co. fell$. 26 or. 7 percent, to $37.69. Honda Motor Co. rose$. 31 or. 9 percent, to $35.27.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AbbVie fell. 4 percent to $54.74 with 15,465,500 shares traded. Advanced Micro Devices Inc. rose 4.6 percent to $4.57 with 39,673,800 shares traded.
The rich are buying expensive cars at a record pace, and one manufacturer has limited production to maintain exclusivity. NBC News reports.
Ford Motor Co. rose$. 04 or. 2 percent, to $17.51. General Motors Co. fell$. 06 or. 2 percent, to $37.89. Honda Motor Co. rose$. 27 or. 8 percent, to $35.23.
*Could push aluminium price to $2,500 per T- Japan industry body. TOKYO, July 11- Prices for aluminium could climb around a third to as high as $2,500 per tonne if more U.S. automakers start producing vehicles made from the metal, said the new head of Japan's aluminium industry body.
JOHANNESBURG, July 13- South Africa's metalworkers' union NUMSA rejected the latest pay offer from engineering and steel sector employers on Sunday, saying black workers were still underpaid, and threatened to widen its two-week old strike.
Earlier this month the brand revealed what it is calling "the most powerful muscle car ever," coming in at a screeching 707 horsepower.
July 11- Ford Motor Co said about 500,000 of its vehicles were being investigated by the National Highway Traffic Safety Administration for steering problems. The company will cooperate with the NHTSA investigation, Ford spokeswoman Kelli Felker told Reuters in an email.
Some of Friday's midday movers:
NHTSA says a heat shield in the car can rust, dislodge and cause the steering shaft to jam.
July 11- Chrysler Group LLC said it would recall almost 900,000 sport utility vehicles to fix the wiring for vanity mirror lights in sun visors, to prevent short circuits. About 651,000 of the 895,000 vehicles being recalled are in the United States.
*Could push aluminum price to $2,500 per T- Japan industry body. TOKYO, July 11- Prices for aluminum could climb around a third to as high as $2,500 per tonne if more U.S. automakers start producing vehicles made from the metal, said the new head of Japan's aluminum industry body.
July 10- Germany's ZF Friedrichshafen said it was in early-stage buyout talks with U.S. auto parts supplier TRW Automotive Holdings Corp.. The companies did not disclose any financial details of the deal, but a Bloomberg report said ZF valued TRW at $11 billion to $12 billion.
Bloomberg, citing people familiar with the matter, reported earlier that TRW was in early-stage sale talks with German auto parts supplier ZF Friedrichshafen AG. ZF Friedrichshafen values TRW at $11 billion to $12 billion, although no specific price has been discussed, the Bloomberg report said.
July 10- U.S. auto parts supplier TRW Automotive Holdings Corp is in early-stage sale talks with Germany's ZF Friedrichshafen AG, Bloomberg reported, citing people familiar with the matter. ZF Friedrichshafen values TRW at about $11 billion to $12 billion, although no specific price has been discussed, a person familiar with the matter told Bloomberg.
Some of Tuesday's midday movers:
DETROIT, July 8- Ford Motor Co said on Tuesday it is recalling 100,610 vehicles in North America in six separate actions. About 83,000 of the recalled vehicles are in the United States and federalized territories, along with about 8,200 in Canada and 600 in Mexico, Ford said.
SHANGHAI, July 4- General Motors Co expects Cadillac sales in China to rise by at least 40 percent this year, as the U.S. carmaker steps up local production in a market key to transforming Cadillac into a global luxury brand, a senior executive said.