Audi Chief Has Ambitious Plans
ThinkstockOne more luxury car maker has made fantastic claims about future growth. BMW, Mercedes, Lexus, Infiniti, Acura and Porsche all believe their sales will skyrocket by the end of the decade. Either the global…
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Trey Thoelcke
Marathon Rises on Surprise Revenue Growth
ThinkstockMarathon Oil Corp. (NYSE: MRO) shares are higher in morning trading after the company offered solid third-quarter results, including a surprise year-over-year increase in revenues. The Houston-based oil and gas company posted adjusted earnings…
Office Depot Hit with Weak Sales, Restructuring Charges
courtesy of Office DepotOffice Depot Inc. (NYSE: ODP) said this morning that it swung to a third-quarter loss of $69.6 million, or $0.25 per share, due in part to declining same-store sales in North…
Eurozone Economies Continue to Shrink
ThinkstockPurchasing managers indexes (PMIs) gauge the activity of thousands of companies. Survey compiler Markit said The latest eurozone PMI reading from survey compiler Markit indicates that the eurozone economy is shrinking at a quarterly…
The Sun Sets on American Suzuki
ThinkstockAmerican Suzuki will leave the U.S. market, a victim of small sales and a brand that U.S. car buyers barely know. 24/7 Wall St. recently predicted that Suzuki would not make it in the…
Greek Strikes Ahead of Austerity Vote
thinkstockThe Greeks continued to prove that they can be their own worst enemies. Constant strikes there take businesses offline and almost certainly hurt the flow of tourism critical to the economy. The Greek parliament…
Chinese Backlash Against Japan Hurts Nissan Too
ThinkstockNissan became the latest Japanese company to say that a territorial dispute between its nation and China will badly hurt earnings. At some point, the Japanese government must decide whether ownership of a few…
Netflix Adopts Stockholder Rights Plan
courtesy of Netflix Inc.Netflix Inc. (NASDAQ: NFLX) announced today that its board of directors has adopted a stockholder rights plan. According to the press release: The Rights Plan is intended to protect Netflix and…
Chinese Backlash Against Japan a Boon for GM, Ford
courtesy of Ford Motor CompanyAs Chinese consumers shunned Japanese goods due to a territorial dispute between the two countries, U.S. automakers General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F) benefited from…
Humana Lifts EPS Outlook, Announces Acquisition
ThinkstockHumana Inc. (NYSE: HUM) said this morning that its third-quarter net income fell 4.3% but it lifted its earnings outlook for the full year. The health care company also announced a pair of deals…
Greek Prime Minister Pushes for “Final” Austerity Measures
thinkstockGreek Prime Minister Antonis Samaras says that Greece could be ousted the eurozone if the debt-laden country’s parliament fails to approve a new round of austerity measures. The parliament is due to vote Wednesday…
Toyota Going Strong Despite Slump in China
ThinkstockToyota Motor Corp. (NYSE: TM) continues to do well financially, as shown by its fiscal first-half figures, which cover the period ended September 30. On a consolidated basis, net revenues for the first half…
Fiscal Cliff, European Finance Top G-20 Concerns
ThinkstockMedia reports from the Group of 20 summit indicate that two issues have dominated the meeting — the effects of the U.S. fiscal cliff and Europe’s troubled economy and financial situations. No one in…
Gasoline Prices Fall Rapidly
ThinkstockDespite concerns that Hurricane Sandy might have hurt gasoline supplies and closed some refineries, gas prices continue to fall, and fall rapidly. According to AAA Fuel Gauge data, the national average cost of a…
Washington Post Swings to a Profit
Courtesy of The Washington Post CompanyShares of the Washington Post Co. (NYSE: WPO) are up in early trading after the company reported that it swung to a profit on strong revenue growth from its…
Europe vs. the Rest of the World
thinkstockEconomists and business chiefs increasingly say that trouble in Europe is the greatest threat to the world’s financial and GDP futures. In addition, political stability in many nations and regions in Europe and the Middle…
Telsa Model S Is Car of the Year?
Courtesy of Tesla MotorsAutomobile magazine has named its Car of the Year. Unfortunately, it has chosen a vehicle almost no one has bought or will buy, and the car’s maker may not even survive…
Android Mobile OS Continues to Gobble Market Share
Wikimedia CommonsGoogle Inc.’s (NASDAQ: GOOG) Android mobile OS is on the march again, gobbling market share from its competition, even Apple Inc. (NASDAQ: AAPL). The only thing that might stop Android’s spread is a…
Costco Sees Strong October Same-Store Sales
thinkstockCostco Wholesale Corp. (NASDAQ: COST) this morning reported a better-than-expected rise in October same-store sales, due in part to higher gasoline prices and a weak dollar. The company said its net sales in October…
Sony: No Sign of a Turnaround
Sony Corp. (NYSE: SNE) managed to maintain its habit of posting quarterly losses. In its most recent fiscal quarter, the large Japanese consumer electronics company lost $194 million. The reasons for the losses are…