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Market Updates: Boeing (BA), Ford Motor (F), Apple (AAPL), News Corp. (NWS), Nextel (S)
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Existing Home Sales Rise, But Miss Estimates; Boeing Shares Plummet; Automakers Get $8 Billion for Fuel Efficiency; Sprint CFO Not Concerned About Pre Shortages; Kroger Beats the Street; MySpace Lays Off 300 More; Best Buy Testing Used Game Waters; Madoff’s Lawyer Pleads for Leniency
- Existing home sales rose 2.4% to a seasonally adjusted rate of 4.7 million last month, the National Association of Realtors said yesterday. That compares to April’s rate of 4.6 million, but is still down…
Market Update: General Motors (GMGMQ), Best Buy (BBY), News Corp. (NWS), JPMorgan Chase (JPM)
BRIC Building; Bankruptcies Accelerate; Auto Parts Suppliers Denied Additional Government Funds; GM Sells Saab; Best Buy Misses Expectations; MySpace Cuts 1,000 Workers; Banks See Recession Ending in Late Summer
- Members of the so-called “BRIC” nations – Brazil, Russia, India and China – met in Russia yesterday (Tuesday) for their first ever summit. The meeting was followed by the release of a joint communiqué that demanded a larger role for emerging nations. “The emerging and developing economies must have a greater voice and representation in international financial institutions,” the statement said. “We also believe that there is a strong need for…
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