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UPDATE: Nissan North America Sales Rise 19.2% In August
Thursday, September 1, 2011 - 10:49am | 50Nissan (OTC: NSANY) today reported August U.S. sales of 91,541 units versus 76,827 units a year earlier, an increase of 19.2 percent. Nissan Division sales increased 22.4 percent for the month with 82,517 units. Sales of Infiniti vehicles decreased 4.3 percent from the prior year, to 9,024 units.
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Waiting Game 8/31/11
Wednesday, August 31, 2011 - 3:37pm | 612As we wait for a new month to begin, Labor day to pass when traders come back for Summer break, another jobs number and Fed meeting …tick…tock..tick …tock. Crude closed virtually unchanged in today's session…as we voiced yesterday prices are at a crossroad. It may take a few sessions to decide on a...
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Tomorrow's Economic Reports September 1, 2011
Wednesday, August 31, 2011 - 2:10pm | 248Tomorrow is a massive day for economic numbers, with initial claims and ISM being the two largest reports. These two reports are certainly market moving, and traders will being attention to these releases. At 8:30 a.m., initial claims for the week ending August 27 are expected to come in at 407...
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UPDATE: Ford, Zipcar Bring Future of Transportation to Newest Generation of Drivers at U.S. Universities
Wednesday, August 31, 2011 - 6:54am | 308Ford Motor Company (NYSE: F) and Zipcar, Inc. (Nasdaq: ZIP) today announced a new strategic alliance establishing Ford as Zipcar's largest university vehicle partner, reaching students at more than 250 U.S. campuses. The first-of-its-kind, two-year tie-up introduces a new generation of drivers to...
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GM Loves Michigan Ventures
Friday, August 26, 2011 - 9:24am | 328In a story in the Detroit Free Press on Friday, writer Chrissie Thompson notes that four of the six companies that GM Ventures (NYSE: GM) is investing in are from its home state of Michigan leading to accusations that the venture-capital fund run by Jon Lauckner is a zip code investor. Lauckner...
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Mad Money Lightning Round: Cramer Likes Caterpillar
Tuesday, August 23, 2011 - 2:22am | 247On CNBC's Mad Money, Jim Cramer said during the Lightning Round that USG Corp (NYSE: USG) is “totally the wrong stock down here. It could go below $5." Cramer said, “Everybody hates Caterpillar (NYSE: CAT) but I have liked it for years. I'm not going to cut and run now. I like it as it approaches...
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Notable Call Options Activity in Toyota Motor
Monday, August 22, 2011 - 9:08am | 87Shares of TOYOTA MOTOR (NYSE: TM) are higher on the session by 0.14%, currently trading at $70.80. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the September $72....
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Ford, Toyota to Collaborate on Developing New Hybrid System for Light Trucks, SUVs
Monday, August 22, 2011 - 9:01am | 78Ford Motor Company (NYSE: F) and Toyota Motor Corporation (NYSE: TM) today announced they will equally collaborate on the development of an advanced new hybrid system for light truck and SUV customers. Ford and Toyota have signed a memorandum of understanding (MOU) on the product development...
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Rovi and Ford Collaborate on Digital TV Advertising Program
Wednesday, August 17, 2011 - 7:41am | 101Rovi Corporation (Nasdaq: ROVI) today announced that it is collaborating with Ford Motor Company (NYSE: F) on a comprehensive digital TV advertising program across the Rovi Advertising Network. Ford has selected the Rovi Advertising Network to reach and engage consumers with multiple campaigns...
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Thor Repurchases 1M Shares From the Estate of Wade F. B. Thompson at $20.00
Monday, August 15, 2011 - 8:20am | 137Thor Industries, Inc. (NYSE: THO) announced today that it has entered into a repurchase agreement dated as of August 12, 2011, to purchase 1,000,000 shares of its common stock at a price of $20 per share from the Estate of Wade F. B. Thompson in a private transaction. The Estate currently holds...
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Morgan Stanley Takes a Long Look at General Motors
Monday, August 15, 2011 - 7:14am | 134Morgan Stanley has published a research report on General Motors (NYSE: GM) comprehensively outlining the manufacturer's market position and mid-term strategy. In the report, Morgan Stanley wrote, "At a time of great economic uncertainty, GM is in a better position to control its own destiny than...
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Four Ways Google's Self-Driving Cars Will Change the World – Three Ways They Will Ruin Everything
Thursday, August 11, 2011 - 10:58am | 1124The evolution, revolution, and inevitable destruction of transportation. Last week, Google (NASDAQ: GOOG) received some bad press after one of its self-driving vehicles got into an accident. The news sounded awful; in addition to raising concerns about self-driving vehicles, it made it sound as...
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Market Update
Thursday, August 11, 2011 - 8:34am | 231Shares of Nordstrom Inc (NYSE: JWN) rose about 0.9% as the company is all set to report its quarterly earnings after the closing bell. Nordstrom is projected to report its Q2 earnings at $0.74 per share on revenue of $2.71 billion. Shares of O'Charley's Inc (NASDAQ: CHUX) dropped about 1.3% after...
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UDPATE: General Motors Awards A123 Systems Contract for Future Batteries
Thursday, August 11, 2011 - 8:25am | 300General Motors (NYSE: GM) has awarded a production contract to A123 Systems (NASDAQ: AONE), a developer and manufacturer of advanced Nanophosphate® lithium ion batteries and systems, for batteries to be used in future GM electric vehicles to be sold in select global markets. The contract includes...
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General Motors CEO Says Opel is Not for Sale
Thursday, August 11, 2011 - 5:54am | 74General Motors (NYSE: GM) Chief Executive Officer Dan Akerson told the German newspaper, Financial Times Deutschland, that the Opel brand is not for sale and is an important part of the company's global sales plans. Reports in the German media had appeared in June that GM's European unit might be...