The statement was straightforward with an appropriate amount of contrition. When I talked with Jim Lentz, the head of Toyota USA he was direct in admitting his company is embarrassed by the on-going controversy over sticking gas pedals.
Stock index futures pointed to a sharp rise to kick the month off Monday, following a third-consecutive losing January.
Federal regulators have cleared Toyota's plan to fix millions of sticky gas pedals, and dealers could get parts to make the repairs as early as Thursday or Friday.
Improving credit trends make bank stocks an attractive buy, said Adam Peck, portfolio manager at Heartland Advisors Value Fund. He shared his top regional bank stock picks with investors.
Strong start…then sell into the rally. Sound familiar? It has happened a lot over the past couple of weeks, and it happened yet again Friday. In fact, this is the sixth time over the last seven trading sessions that the markets have ended the day at or near the lows of the session.
Stocks opened higher on Friday, the final trading day of January, after the GDP report showed the economy grew more than expected in the fourth quarter. However, Dan Deighan, founder of Deighan Financial Advisors, and Bill Spiropoulos, CEO of CoreStates Capital Advisors, warned investors to brace for a market correction.
Who says America has lost its dominant position in the auto market?
Stocks tumbled Thursday as the dollar's gains and some disappointing economic numbers offset the positive earnings momentum. Techs were among the biggest decliners, led by Apple and Qualcomm.
Stocks tumbled Thursday as the dollar's gains and some disappointing economic numbers offset the positive earnings momentum this morning. Techs were among the morning's biggest decliners, led by Apple and Qualcomm.
How are events in Washington affecting the markets and Wall Street? Bruce Kasman, chief U.S. economist at JPMorgan, and Erik Ogard, director at Russell Investment Group, shared their insights.
Stocks were mostly lower Thursday as worries about a tighter grip from Washington and some disappointing economic numbers offset the positive earnings momentum this morning. Techs were among the morning's biggest decliners, led by Apple and Qualcomm.
Toyota managed to win bragging rights as the world’s biggest car company. But that focus on rapid growth appears to have come at a cost to its reputation for quality, creating an opportunity for others to potentially take back market share they lost to Toyota. The New York Times reports.
When I talked with Ford CEO Alan Mulally 10 minutes after his company filed fourth quarter earnings, there was a tone of satisfaction in his voice.
Ford has halted production of some full-sized commercial vehicles in China because they contain gas pedals built by the same company behind the accelerators in Toyota's recent recall.
A string of positive earnings reports gave a lift to Wall Street this morning as Ford Motor joined some key Dow components in beating expectations.
The Fed left interest rates near zero and vowed to keep them there for a while. What does this mean for the economy and markets going forward? Ken Volpert of Vanguard Funds, Kenneth Heebner of Capital Growth Management and Bob Doll of BlackRock shared their insights.
Stocks eked out a gain Wednesday as the debut of Apple's iPad tablet computer energized tech stocks and financials rebounded amid relief that the Fed's statement offered no surprises.
Markets opened lower on Wednesday as investors were disappointed with some earnings outlooks—but edged up after the Fed's lukewarm statement. What should investors expect from stocks going forward? David Kotok, chairman and CIO of Cumberland Advisors and John Burns, founder and CEO of Burns Advisory Group shared their views.
Stocks continued to slide Wednesday after the Fed left the "extended period" language in their statement, referring to how long they will leave interest rates low. Stocks had already been trading lower after some disappointing earnings outlooks.
Think you may own one of the 2.3 million Toyota models being recalled because of a potentially dangerous accelerator? It's easy to find out for sure.