-
Toyota (TM ) To Take Steps To Win Back Customers: Toyota USA President Tells CNBC
Tuesday, February 2, 2010 - 12:11pm | 110Toyota (NYSE: TM) suffered a major humiliation due to the faulty gas pedals and subsequent recalls. Talking with CNBC, Jim Lentz, President of Toyota USA, admitted that the company is embarrassed and is also sorry for causing this inconvenience to its customers. Toyota had to recall 2.3 million...
-
Stock Market News for February 2, 2010 - Market News
Tuesday, February 2, 2010 - 10:26am | 503Stocks started a new month on a solid footing as encouraging economic data and a strong earnings report from Exxon Mobil bolstered investors’ appetite for riskier assets. Although Friday’s impressive GDP report had given some boost to wavering sentiments, it failed to stem the sell-off as...
-
Autoliv Shares Jump On Better Than Expected Earnings (ALV, FORD)
Friday, January 29, 2010 - 2:26pm | 153Autoliv Inc. (NYSE: ALV) posted pretax earnings of $98 million for the October-December quarter, much better than Reuters’ poll of $69 million and last year’s $47 million. Backed by a firm recovery in the light vehicle production in North America and strong sales expectations from emerging...
-
Selective Spacer To Fix Toyota’s (TM) Sticking Pedal Problem
Friday, January 29, 2010 - 1:11pm | 100Toyota (ADR) (NYSE: TM) has found a solution to fix the sticking pedals which made TM recall the cars and halt production. The remedy however, must be approved by government regulators. Toyota is seeking approval from the National Highway Traffic Safety Administration for a selective spacer or a...
-
Benzinga’s Top Upgrades (COF, CAH, DAI, TTWO, ISBC)
Friday, January 29, 2010 - 9:59am | 303Capital One Financial Corp. (NYSE: COF) was upgraded today by Sun Trust Rbsn Humphrey from Neutral to Buy with a price target of $50. Capital One Financial is now trading at $37.85, 3.02% up. Capital One Financial closed at $36.74 in the previous trading session. In the last year, COF has gained...
-
Halted Sales In US Could Cost Auto Dealers Of Toyota $2.47 Billion Per Month (TM, F, GRM)
Friday, January 29, 2010 - 8:32am | 165Bloomberg reports that with Toyota (NYSE: TM) halting sales of 8 automobile models, Toyota dealers in the US stand to lose almost $2.47 billion every month on a consolidated basis. The company has decided to stop sales of these models that include the hugely popular sedans Camry and Corolla, due to...
-
Ford (F) CEO Satisfied With Q4 Performance, Claims On CNBC
Thursday, January 28, 2010 - 3:40pm | 111Ford (NYSE: F) posted good Q4 financial numbers. It also completed the first profitable year since 2005. Ford posted an EPS of $0.25 for Q4. Its pre-tax operating profits for the quarter are at $696 million. Talking with CNBC's Phil Lebeau, Ford CEO Alan Mulally expressed his satisfaction with...
-
Standpoint Research Watching Ford (F)
Thursday, January 28, 2010 - 12:36pm | 146Ford (NYSE: F) turned an annual profit for the first time since 2005, and said it will remain profitable during 2010. The company posted fourth-quarter earnings of $868 million, or 25 cents per share, compared to a loss of $6 billion, or $2.51 a share, in the year ago period. Revenue came in at $35...
-
Company News for January 28, 2010 - Corporate Summary
Thursday, January 28, 2010 - 10:28am | 161• Ford (NYSE:F) reported record fourth quarter earnings of 43 cents a share, up from Zacks estimates of 24 cents a share on revenues of $35.4 billion, which bettered Zacks estimates of $30.95 billion. The firm noted 2010 profitability likely • Procter & Gamble (NYSE:PG) reported better-than-...
-
Stock Market News for January 28, 2010 - Market News
Thursday, January 28, 2010 - 10:23am | 423U.S. stocks staged a late-session advance, paring earlier losses, after the Federal Reserve decided to keep interest rates near historic lows for an “extended period" and Apple launched its new iPad tablet computer. While the decision to leave interest rates near zero packed few surprises, the...
-
Benzinga’s Top Pre-Market Gainers (NOK, NFLX, F, SIGA, CY, HBAN)
Thursday, January 28, 2010 - 9:24am | 386Nokia Corporation (ADR) (NYSE: NOK) increased 12.62% to $14.55 after Nokia reported today a fourth-quarter net income of 948 million euros, or 26 euro cents per share, as compared to 576 million euros, or 15 euro cents per share, for the same quarter last year. Sales declined 5.3% to 12 billion...
-
Ford Motor Swings To Profit
Thursday, January 28, 2010 - 8:52am | 107The fourth-quarter net income at Ford Motor Co (NYSE: F) rose to $868 million, or $0.25 a share, compared to a loss of about $6 billion, or $2.51 a share, recorded a year-ago. F’s sales rose by $6.4 billion to $35.4 billion. This compares to earnings of $0.27 a share on sales of $31.3 billion...
-
US Stock Futures Look Bright
Thursday, January 28, 2010 - 8:52am | 192US stock futures reversed their trend and moved up today as markets assessed President Barack Obama's State of the Union address favorably. While futures on S&P 500 moved up eight-tenths of a point to 1095.40, those at NASDAQ 100 shifted up a quarter point to 1809.20. Futures on the Dow Jones...
-
Have Markets Turned Negative?
Thursday, January 28, 2010 - 8:23am | 149According to Graham Bibby, CEO & CIO of Richmond Asset Management, markets are indecisive this year. Sharing his market outlook with CNBC, he said that the overall trend in the market has turned negative. He expressed his skepticism over the economic growth and said that he is not sure whether...
-
Toyota (TM) Loses $13 Billion In Market Capitalization In One Day
Wednesday, January 27, 2010 - 4:21pm | 99Toyota Motor Corp. (NYSE: TM) shares plummeted nearly 9% Wednesday, a day after the auto manufacturer announced that it is halting the sales and production of eight models. That steep decline means that Toyota lost nearly $13 billion in market capitalization in one day. The decision to halt sales...