Stocks to watch: Costco, GE
The warehouse retailer reports same-store sales, while the conglomerate is delaying plans to build a solar factory.
By Joseph Woelfel, TheStreet.com
Costco (COST), the warehouse retailer, said same-store sales in June rose 3%. Analysts were expecting same-store sales to rise 3.7%. Total sales for the month rose 6% to $9.18 billion from $8.69 billion a year earlier.
General Electric (GE) is delaying plans to build the biggest solar factory in the U.S. in Aurora, Colo., near Denver. The Denver Post reported GE has told state and local officials that it plans to postpone construction of its PrimeStar solar panel plant by 14 to 18 months. The plant will have an annual capacity of 400 megawatts.
General Motors (GM) and its partners sold 213,495 vehicles in China in June, up 10.1% from a year earlier.
Visteon (VC), the auto parts supplier, said it would offer about $805 million in cash to buy the remaining 30% of South Korean car air conditioner maker Halla Climate Control that it doesn't already own.
Exxon Mobil (XOM) is weighing a sale of its German Esso gas station chain, according to people familiar with the process, Bloomberg reported. The unit, which includes more than 1,100 gas stations in Germany, may fetch more than €1 billion ($1.3 billion), two of the people told Bloomberg.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Like many companies this winter, the fast-food giant blamed a drop in same-store sales on the weather. But could its problems be bigger than a snowbank?
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.