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Market Updates: McDonald’s (MCD), Bank of America (BAC), Southwest Airlines (LUV), General Motors (MTLQQ)
Markets Fall On Profit-Taking; Southwest Ups Bid For Frontier; GM to Sell Cars on eBay; Dish Subscribers Grow, Profit Falls; U.S. Consumer Bankruptcies on the Rise; Nobel Nod; McDonald’s Same-Store Sales Up 4.3% in July; BofA Pays $55 Million in Countrywide Employee Settlement
- Investors yesterday (Monday) cashed in on profits from Friday’s market rally, which followed better-than-expected unemployment news. The Standard & Poor’s 500 Indexfell 0.33% to 1,007.10, the Dow Jones Industrial Average dropped to 9,337.95, down 0.34%, and the Nasdaq Composite Index closed at 1,992.24, a decline of 0.40%.
- Southwest Airlines Co. (NYSE: LUV) offered more than $170 million for bankrupt Fontier Airlines…
Market Update: General Motors (GMGQ), McDonald’s (MCD), Apple (AAPL)
GM Cans Mid-Size Trucks; Treasury Yields Soar to 7-month High; Airlines Grounded by $9 Billion Loss; Copper Sinks as Dollar Rises; Supreme Court Delays Chrysler Sale; McDonald’s misses estimates; Apple debuts new iPhone
- After repeated attempts to sell its medium-duty truck operations, General Motors Corp. (OTC: GMGQ), yesterday (Monday) said that it would halt their production by July 31. Reuters reported. “After four years of working with multiple potential buyers, General Motors has decided to wind down its medium-duty truck operations,” the automaker said in a statement. GM plans to cease production of Chevrolet Kodiak and GMC Topkick. The automaker sold about 20,000 of the…
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