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Markets

Ford's lower profit beats estimates; sales down on F-150 launch

Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck.

Oct 24, 2014 11:33 AM EDT

Markets

The tax hit that loyal investors will take in 2014

If you are the kind of steadfast investor who buys a mutual fund and holds it forever, prepare to pay for your loyalty next April, when you settle up your 2014 tax bill.

Markets

U.S. student loan debt is not killing homeownership

Is surging student debt really preventing an entire generation from becoming first-time homebuyers? Is surging student debt really preventing an entire generation from becoming first-time homebuyers? That's true, to an extent, but also mischaracterizes education debt as holding most people back, rather than helping them get ahead.

Markets

U.S. factory activity growth slips in October: Markit

The U.S. manufacturing sector slowed in October to its lowest rate of growth since July, while a gauge of new orders hit its lowest level since January, an industry report showed on Thursday.

U.S. jobless claims data point to firming labor market

The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.

Oct 23, 2014 11:59 AM EDT

Wall Street jumps 1 percent in broad rally on results

U.S. stocks surged on Thursday, with major indexes up more than 1 percent in a broad rally as strong results, including from two Dow components, reassured investors that corporations continue to fare well despite concerns about global economic growth.

Oct 23, 2014 11:56 AM EDT

Nissan recalling 260,000 vehicles globally with Takata air bags

Nissan Motor Co said on Thursday it is recalling 260,000 vehicles globally due to a defect in driver-side air bags made by Takata Corp.

Oct 23, 2014 11:50 AM EDT

U.S. prosecutors probe Takata Corp over statements: WSJ

U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp (7312.T) misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp (7203.T) and Honda Motor Co Ltd (7267.T), The Wall Street Journal reported on Wednesday.

Oct 23, 2014 11:38 AM EDT

GM posts higher-than-expected profit on strong North American demand

General Motors Co (GM.N) on Thursday reported a higher-than-expected profit in the third quarter on strong demand for its redesigned full-size pickup trucks in North America.

Oct 23, 2014 11:23 AM EDT

U.S. consumer prices rise on shelter costs, but inflation muted

U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

Oct 22, 2014 11:51 AM EDT

Michigan becomes fifth U.S. state to thwart direct Tesla car sales

Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc (TSLA.O) from selling its cars directly to consumers in the state, home to the biggest U.S. automakers.

Oct 22, 2014 11:45 AM EDT

More lawsuits filed against Honda, Takata over air bags

The recall crisis involving Takata-made air bags exploding with too much force and spraying vehicle occupants with metal shrapnel is growing, with two more lawsuits filed over accidents in older Honda cars.

Oct 22, 2014 11:36 AM EDT

U.S. regulator expands warning over Takata air bags, more lawsuits filed

The problems for Japanese auto parts maker Takata Corp (7312.T) grew after U.S. safety regulators expanded a warning about faulty air bags to 6.1 million vehicles in the United States while two more lawsuits have been filed over accidents in older Honda cars.

Oct 22, 2014 11:29 AM EDT

Hyundai's revamped Sonata yet to rev up key U.S. market

The revamped Sonata sedan was supposed to help Hyundai Motor Co (005380.KS) reverse sluggish sales, but the car described by some critics as a bland substitute for its popular predecessor is off to a slow start in the key U.S. market.

Oct 22, 2014 11:18 AM EDT

Toyota executive stands by Takata as supplier despite air bag troubles

A top Toyota Motor Corp (7203.T) executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp (7312.T) despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants.

Oct 22, 2014 11:11 AM EDT

Tough U.S. rivalries, China food scandal pound McDonald's

McDonald's Corp's (MCD.N) - which has not given investors many reasons to sing the fast-food chain's "I'm lovin' it" jingle - on Tuesday said quarterly profit dropped by nearly one-third and warned that global restaurant sales will fall again in October.

Oct 21, 2014 12:41 PM EDT