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How to make 7 times your money in Apple: Goldman
Think Apple’s going higher? Goldman’s options team has the trade for you.
GM targets double-digit earnings growth in 2016
General Motors Co told Wall Street on Thursday that its recovery is gathering momentum with improving margins, strong brands, new markets for high-tech vehicles, and prospects for stronger profits in coming years. The No. 1 U.S. automaker said it is targeting an increase in earnings per share to between $5 and $5.50 per share before items, from the $4.50 per share that Wall Street analysts expect for this year. GM
Dunkin' Donuts estimates slower U.S. comparable sales growth
Shares of the company, which said it would close the stores this year and in 2016, fell as much as 13 percent on Thursday. Dunkin’ estimated a growth of 1.1 percent in comparable sales at its U.S. Dunkin’ Donuts stores in the quarter ended September compared with a 2 percent rise a year earlier. The company said the stores being closed accounted for 0.1 percent of its U.S. sales.
US auto sales jump last month at Ford, Nissan, Fiat Chrysler
Major automakers booked double-digit sales gains last month in the U.S. market, helped by strong growth from key brands like Jeep and a later Labor Day holiday. Ford saw 23 percent sales growth in September, …
United's new CEO acknowledges airline's failures
Five years after United Airlines and Continental merged, the company’s new CEO declared in a public letter that the combined company has failed to live up to the expectations of both fliers and United’s …
Good news: No one expects much from stocks
We’ve seen the “expected” reduction in public expectations given the market realities.
US manufacturing barely expands as global economy slows
U.S. manufacturers expanded at their slowest pace in two years last month, held back by faltering global growth and cutbacks in oil and gas drilling. The Institute for Supply Management said Thursday that …
30% of homes lost value over the last year
Across 35 metro areas lie dramatically different housing markets.
GM plans $5.5B in cost cuts to help finance new mobility
General Motors plans to cut $5.5 billion in manufacturing, purchasing and administrative costs during the next three years, helping to finance a big push into autonomous cars and car- and ride-sharing …