6:46am ET
Investing
The Hamburger and Beer Economy
What does it mean about the economy when people cannot afford hamburgers and beer? It is another sign that consumer spending is in trouble. A beer can cost as little as $1, and the…
GM Coverage Page 151
6:29am ET
Special Report
Ten Ways You’ll Know The Recession Is Over
When Gallup asked people about the state of the economy this spring, as a recovery appeared to have taken hold, the polling company found “nearly half of Americans, 46%, still say the…
7:36am ET
Cars and Drivers
AutoNation Blows Off the Doors
Auto retailer AutoNation Inc. (NYSE: AN) reported second-quarter earnings this morning that crushed consensus estimates. Adjusted earnings per share (EPS) came in at $0.66 versus a consensus estimate of $0.59. Revenue totaled…
6:15am ET
Media
Media Digest (7/19/2012) Reuters, WSJ, NYT, FT, Bloomberg
A new consumer agency fines Capital One (NYSE: COF) $210 million for aggressive marketing activity.(Reuters) New IMF policies will examine whether individual national economies might hurt global growth. (Reuters) IBM (NYSE: IBM) raises…
11:00am ET
Banking, finance, and taxes
Top Earnings Previews for Thursday (AMD, AN, COF, CMG, ETFC, FCX, GOOG, KEY, MSFT, MS, NOK, PM, SNDK, LUV, TRV, VZ)
Thursday will mark yet another important day for this earnings season. The second quarter became more challenging for many companies, as we noted about so many tech warnings weighing on shares last…
10:12am ET
Cars and Drivers
JPMorgan Analyst Makes Key Research Calls in Auto Sector
ThinkstockJPMorgan has issued some very mixed analyst initiations this morning pertaining to the U.S. auto sector, which includes many of the key parts and systems providers in the group. Ford Motor Co.…
8:27am ET
Investing
Today’s Best Market Rumors (7/18/2012) DirecTV and Viacom
Updated throughout the day on the 24/7 Wall St. Wire: DirecTV (NASDAQ: DTV) has come close to a deal with Viacom (NASDAQ: VIA) about financial arrangements to carry the networks’ programs. (Bloomberg) General…
8:13am ET
Investing
Top Analyst Upgrades and Downgrades (AMT, CAT, F, GM, HSH, EDU, NS, PSX, ROVI, SKS, SFLY, LUV, HOT, TSLA, TIF, VVUS, WFM)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday. American Tower Corp. (NYSE: AMT): Cut to Neutral at Citigroup. Caterpillar Inc.…
6:28am ET
Media
Media Digest (7/18/2012) Reuters, WSJ, NYT, FT, Bloomberg
Yahoo!’s (NASDAQ: YHOO) profits fall slightly. (Reuters) Intel’s (NASDAQ: INTC) forecast implies PC sales will be weak. (Reuters) The head of the holding company for British Air and Iberia says an AMR…
6:39am ET
Cars and Drivers
GM Trouble in Europe Grows
General Motors (NYSE: GM) warned that losses in Europe will be greater than expected in the second half, according to the Wall Street Journal. The news was easy to forecast. None of…
6:36am ET
Investing
What’s Important in the Financial World (7/17/2012)
General Motors (NYSE: GM) warned that losses in Europe will be greater than expected in the second half, according to the Wall Street Journal. The news was easy to forecast. None of…
6:26am ET
Media
Media Digest (7/17/2012) Reuters, WSJ, NYT, Bloomberg
Yahoo! (NASDAQ: YHOO) appoints Google’s (NASDAQ: GOOG) Marissa Mayer as CEO. (Reuters) A Senate report says that HSBC (NYSE: HBC) handled Iran and drug cartel funds. (Reuters) Many investors do not like Google’s move…
6:06am ET
Media
Media Digest (7/16/2012) Reuters, WSJ, NYT, FT, Bloomberg
GlaxoSmithKline (NYSE: GSK) will take over Human Genome Sciences (NASDAQ: HGSI) for $2.8 billion. (Reuters) A poll from the National Association for Business Economics shows few companies plan to hire new workers. (Reuters)…
1:03pm ET
Cars and Drivers
Ford’s European Sales Fall 16% in June
Ford Motor Co. (NYSE: F) announced today that sales in its 19 traditional western European markets fell by -16.1% in June and by -10.3% for the first half of 2012. The drop…
6:39am ET
Media
Media Digest (7/13/2012) Reuters, WSJ, NYT, FT, Bloomberg
Moody’s cuts Italy’s rating by two notches and indicates the cuts may not be finished. (Reuters) Treasury Secretary Geithner pressed UK regulators on Libor in 2008. (Reuters) A hack of Yahoo!’s (NASDAQ:…