BELLEVUE, Wash. _ Paccar Inc. on Tuesday reported profit of $371.4 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share. Analysts expected $4.55 billion, according to Zacks.
By Andreas Cremer and Agnieszka Flak. BERLIN/ MILAN, July 17- Fiat Chrysler has denied a magazine report saying it's in merger talks with Volkswagen, while the German carmaker said it had no takeovers on its agenda.
BERLIN/ MILAN, July 17- Volkswagen and Fiat Chrysler have denied a magazine report saying the two carmakers are in merger talks. Germany's Manager Magazin said on Thursday Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group that was formed this year from the merger of Italian and U.S. carmakers.
*PetSmart rallies as hedge fund seek sale. NEW YORK, July 3- Wall Street's holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000 for the first time after the June jobs report came in much stronger than expected.
NEW YORK, July 3- The Dow industrials broke above the 17,000 milestone on Thursday and the S&P 500 came within 1 percent of piercing through 2,000 after the U.S. unemployment rate fell to its lowest in almost six years and the American economy created many more jobs than forecast. With the Dow at 17,000, Main Street is expected to take a closer look at stocks.
*Payrolls much higher than forecast, unemployment rate matches lowest since Sept 2008. NEW YORK, July 3- U.S. stocks were set to rise at the open on Thursday after the unemployment rate fell to its lowest in almost six years and the American economy created many more jobs than forecast.
NEW YORK, July 3- U.S. stock index futures ticked up in light volume on Thursday after the S&P 500 and the Dow industrials closed at a record, ahead of a short session on Wall Street that is packed with economic data. Dow Jones industrial average e-mini futures rose 15 points and Nasdaq 100 e-mini futures added 5 points.
FRANKFURT/ BERLIN, July 3- Volkswagen denied planning a bid for U.S. truck maker Paccar after analysts published comments in a research note from a senior executive of German rival Daimler saying he had heard of such a plan.
FRANKFURT, July 3- Volkswagen is preparing to launch a takeover bid for U.S. truck maker Paccar next year, Daimler Trucks Chief Wolfgang Bernhard told analysts at Bernstein Research. According to a Bernstein Research note published on Thursday, Bernhard insisted that "serious, multiple sources" informed him that VW was going to bid for Paccar next year.
Volkswagen is preparing to launch a takeover bid for U.S. truck maker Paccar next year, Daimler Trucks Chief Wolfgang Bernhard told analysts at Bernstein Research. According to a Bernstein Research note published on Thursday, Bernhard insisted that "serious, multiple sources" informed him that VW was going to bid for Paccar next year.
Some of Tuesday's midday movers:
The President said something recently that Cramer thinks could lead to a further rally in a niche area in the market.
The "Fast Money" traders share their final trades of the day.
Treasurys rose on month-end buying and lingering concerns about EM economies, putting safe-haven bonds on track to notch strong gains in January.
U.S. stock index futures signaled a steep drop at the start of trading on Wall Street Friday, ahead of fourth quarter earnings from Chevron and MasterCard.
We saw mixed reports from large multinational industrial companies. Key sectors to watch include companies that make heating and air conditioning systems, electric motors, and truck parts.
Tesla Motors continues to ride a wave of good news as it will join the Nasdaq 100, which is a listing of the 100 largest nonfinancial companies on the exchange, on July 15.
Take a look at some of Monday's midday movers:
Oct 25- U.S. heavy truck maker Paccar Inc reported lower quarterly profit and sales, reflecting lower industry truck orders in Europe and North America due to an uneven economy, but beat Wall Street estimates.
BELLEVUE, Wash.-- Heavy-duty truck maker Paccar posted a 17 percent drop in third-quarter profit early Thursday. But sales to countries in South America helped offset some of the damage, and Paccar's results topped Wall Street's expectations.