Market Roundup (PEG, CPN, RRI, FIATY, F)

Although big power producers continue to declare solid earnings, smaller producers are taking a hit in their margins due to lower energy prices. Despite poor quarterly results by the likes of Public Service Enterprise Group PEG, Calpine CPN and RRI Energy RRI, small producers are reaffirming their projections for the full year. Chrysler FIATY aims to keep its Sterling Heights plant open after 2012. The company is adding another shift there. This will mean several hundred additional jobs. Ford F stated that sales of its small, fuel-efficient cars declined in July. However, sales of the company’s F-Series pickups jumped 40%, making July their best month since March 2008. The market share of the automaker in the US has risen to 17.5%. Read more from Benzinga's Markets.
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