Some 80% of the vehicles built south of the border are exported to other countries, mostly to the US.
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A website promoting an FDA-approved drug caused excitement in the stock. But there's no official clearance and the company said the site went live by mistake.
The website wasn't supposed to go live and it was pulled shortly after it was discovered and passed around on Twitter. "FDA-approved and available soon," the website said. It also showed the brand name, Vascepa (the drug has been known simply as AMR101).
The owner of KFC, Pizza Hut and Taco Bell said that operating profits in China fell by 4%.
The appointment of Marissa Mayer is a sign the company will focus on product offerings instead of just content.
That much was apparent in the company's second-quarter earnings report Tuesday, which showed nearly flat revenue at $1.08 billion and a 71% decline in operating income due to a jump in restructuring expenses. Both display advertising and search advertising revenue increased only marginally. Yahoo competes primarily with Google (GOOG) and Facebook (FB) for advertising dollars.
Entertainment research firm Fizziology expects the new flick to earn big.
Time Warner's (TWX) "The Dark Knight Rises" is expected to bank hundreds of millions of dollars this weekend, potentially becoming the No. 2 domestic opening of all time.
Disney (DIS) scored the No. 1 spot this summer with "The Avengers," which earned $207 million in its opening. "Harry Potter and the Deathly Hallows Part 2" -- another Time Warner property -- is currently in second place with $169 million, while the last Batman film, "The Dark Knight," holds steady at No. 3 with $158 million.
Crude and gas stocks are breaking into a new uptrend on a mix of hope and worry.
While the overall market oscillates slowly higher out of its early June low, there's plenty of action if you know where to look. Commodities in particular have been red hot, with crude oil, which dipped below $78 a barrel a few times last month, closing in on $93 a barrel.
A combination of Middle East tensions, a trough in economic data disappointments and hopes of new economic stimulus has pushed crude oil into a solid new uptrend for the first time since February. Energy stocks are following close behind, with the Energy Select Sector SPDR (XLE) attacking its 200-day moving average. Here's why and how to participate.
The stock remains risky as the Gulf of Mexico oil spill continues to impact the energy company's performance.
For the professional contrarians, it's reasonable to expect against-the-mainstream thinking. Otherwise, downplaying or going against visible problems confronting a stock is, at best, irresponsible. Some analysts' continued bullishness on BP (BP) is one example that's hard to accept.
Stocks rise amidst a wealth of economic data and big-name earnings reports.
Walgreen (WAG) and Express Scripts (ESRX) both advanced after the companies reached a new, multi-year pharmacy network deal, though Walgreen's move up was more significant. Walgreen shares jumped over 10% and Express Scripts rose a bit more than 2%, while CVS (CVS), which is a peer to both and had been materially gaining from their stand-off, slumped over 5%.
IBM (IBM) rallied after its quarterly profits beat Wall Street's view and the company boosted its full-year earnings view. Among other Dow components reporting, Travelers (TRV) slid a bit lower after its earnings missed expectations and Verizon (VZ) traded down despite earnings and revenues being generally in line with consensus.
A new survey suggests members are increasingly unhappy with big changes to Mark Zuckerberg's social network, while rival Google+ is pleasing its fans.
In a worrisome sign for Facebook (FB), which is set to release its first quarterly earnings report as a public company next week, a new poll suggests that user satisfaction on the social network may be in a downward spiral.
According to the American Customer Satisfaction Index (ACSI), users are increasingly dissatisfied with Mark Zuckerberg's social network, while competitors such as Twitter and, remarkably, Google+ fared better.
Here's what you should know:
Hot, dry weather across the country has ruined crops. Is it time to rethink the ethanol mandate?
This year's expected corn crop is dropping by the week, and corn prices have shot up incredibly fast as a result. Corn futures hit record highs Thursday, with September futures prices up about 50% from last month, The Wall Street Journal reports.
With this sale, the US energy company exits the European market.
By Zacks Equity Research
Diversified power provider NRG Energy Inc.'s (NRG) subsidiary, Saale Energie GmbH (SEG), sold its 41.9% ownership stake in Schkopau, a 900 megawatt coal-fueled power station, situated near Halle, Germany, to Czech Republic-based coal mining and electricity company, Energeticky A Prumyslovy Holding (EPH).
The plant, Kraftwerk Schkopau GbR, was collectively owned by SEG and its German partner E.ON Kraftwerke GmBh. SEG also held 44.4% of Kraftwerk Schkopau Betriebsgesellschaft mbH, the facility's operating company.
The stock market may be rallying after a months-long swoon, but many of the results released by blue-chip companies offer little reason for enthusiasm.
Is the stock market finally recovering from its months-long swoon? On the surface, at least, it seems so: In trading yesterday, a nine-point gain in the S&P 500 was enough to propel the bellwether index to 1,372.78, the highest level recorded since early May.
The timing here is interesting, though. When the market faltered in May, it was just as the first-quarter earnings season was beginning to draw to a close; this week, the second-quarter earnings season is getting underway in earnest, with blue-chip companies like the big banks, Intel (INTC) and Honeywell (HON) reporting their results. For now, at least, investors are prepared to view those results through rose-tinted glasses, looking at the positive news and responding with a kind of relief rally. Perhaps they have been left exhausted by their own bearishness of late or perhaps they really do believe these corporate earnings announcements paint an upbeat picture of the fundamentals for the global economy.
A prolonged dispute could mean permanently lost viewers and angry advertisers.
Skyworks is upgraded to 'buy,' and Quanta Services is downgraded to 'sell.'
Thursday's noteworthy upgrades include:
Highly principled strategist Jeremy Grantham's top holdings all offer higher-than-average yields.
By Charles Sizemore
If you don't know who Jeremy Grantham is, you should. In fact, once you finish reading this article, you should drop whatever else you are doing, go to his website and read his latest quarterly letter. Make it a habit to read every quarterly letter as they come out, as you'll be a better investor for it.
(While you're at it, make it a habit to read his colleague James Montier's work as well. Montier's writing on behavioral investing is some of the most insightful I've ever seen.)
A survey reveals that nearly 25% of people believe unethical or illegal conduct is required in order to get ahead in the banking world.
Bob Diamond, Barclays (BCS) and Libor. HSBC (HBC) and drug money laundering. JP Morgan Chase (JPM), Jamie Dimon and the "London Whale." Goldman Sachs (GS) and those Abacus trades and the related e-mails -- not to mention last spring's resignation letter from a London-based banker featuring a comment that his colleagues view their clients as "muppets."
Could this just be the tip of the iceberg? According to a survey of financial industry participants on Wall Street and in the City of London, it may well be.
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[BRIEFING.COM] S&P futures vs fair value: +3.20. Nasdaq futures vs fair value: +5.20. U.S. equity futures trade near their pre-market highs amid upbeat action overseas. The S&P 500 futures hover three points above fair value, which puts the benchmark index on track to challenge its all-time closing high of 1987.98 and the intraday high of 1991.39. Participants have received several quarterly reports since yesterday's close with results coming in somewhat mixed.
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