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Market Updates: eBay (EBAY), Goldman Sachs (GS), Bank of America (BAC), Ford Motor (F)
Brazil stocks opened lower on Tuesday, extending their streak of declines to four consecutive sessions, as concerns over global economic strength overshadowed upcoming data expected to signal U.S. recovery. Signs the U.S. economy, the world’s biggest, is slowly picking up should help reassure investors that the worst of the nation’s economic recession is behind. The Institute for Supply Management’s August survey will probably say on Tuesday that industrial production expanded for the first time since after the recession began. However, Brazilian investors remain uneasy over what they see as insufficient evidence behind the 56 percent surge in the Bovespa from…
1Sep2009 | Jutia Group | 0 comments | ContinuedMarket Updates: Apple (AAPL), Pfizer (PFE), Qualcomm (QCOM), eBay (EBAY)
Nasdaq Up for 11th Straight Day; Military Boosts Boeing’s Profit; Dollar Brings Down Pfizer’s Bottom Line; Eddie Bauer Saved by Suitor in $286 Million Deal; SEC to Restrict Pay-to-Play at Pensions; Qualcomm Sales, Profit Down Slightly; eBay Beats the Street, But Profit Still Down; A Leaner Starbucks Beats Profit Estimates
- The Nasdaq Composite Index rose for its 11th consecutive day following positive earnings from Apple Inc. (Nasdaq: AAPL) and Starbucks Corp. (Nasdaq: SBUX). The index rose 0.53%, or 10.18 to close at 1,926.38 yesterday (Wednesday). Meanwhile, the Dow Jones Industrial Average was down 0.39% after investors sold some of the market’s recent winners, pocketing the…
Market News: Ford Motor (F), General Motors (GM), eBay (EBAY), Hertz Global (HTZ), Eddie Bauer (EBHI)
Ford Invests in Smaller, Greener Cars; Payroll Cuts Better Than Expected; Saab Open to Fiat Takeover; Canada’s March Building Permits Surge; eBay CEO: Skype Worth More Than $2 Billion; Hertz Wants to Lease 20% of Fleet From Car Companies; Crude Tops $56; Eddie Bauer in Play
- Ford Motor Co. (NYSE: F) said it yesterday (Wednesday) that it will invest $550 million to build smaller cars and an electric vehicle in Michigan. The investment will “support” about 3,200 jobs in the Michigan, and will be followed by production of a battery-electric vehicle in 2011, Reuters reported.
- A report from ADP Employer Services showed…
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