Tax-Related Miss Blamed for Decline in Ford Motor (F) Shares; UBS Cuts Price Target to $22

TrueCar (TRUE) Sees 1.43M New Vehicle Sales in October

October 28, 2015 10:03 AM EDT

TrueCar, Inc. (NASDAQ: TRUE), the modern car-buying service, projects total new vehicle sales, including fleet deliveries, will hit 1,427,500 units in October, an 11.4 percent increase from a year ago and the most for the month since... More

Wall Street climbs as Fed puts December rate hike in play

October 28, 2015 7:21 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks ended sharply higher on Wednesday after a volatile session as the Federal Reserve gave a vote of confidence in the U.S. economy by signaling a December interest rate hike was still on the table.

S&P financials, which benefit from higher borrowing rates, shot up following the Fed statement and led sector gains. The financial index ended up 2.4 percent, its biggest percentage gain in seven weeks. The KBW Nasdaq regional bank index jumped 4.1 percent.

S&P utilities , which tend to do worse when... More

Market Wrap: Suprise Dip in Confidence for Oct.; Apple Gains on iPhone Sales; Walgreens Boots Moves to Acquire Peer

October 27, 2015 5:36 PM EDT

Market wrap for October 27th

End of the Day: S&P 500 down 5.3 to 2,065.89; Dow Jones down 41.6 to 17,581.4; Nasdaq down 4.6 to 5,030.15

Market Brief: Consumer confidence slumped in October, while consensus estimates were looking for a tick higher in the number.

Apple, Alibaba, and Twitter posted quarterly results after markets closed.

Walgreens Boots moved to acquire peer Rite Aid.

Cummins plans job cuts

IBM shares were hit on an SEC inquiry disclosed with its quarterly filing today.

Crude prices fell 2.3 percent to $42.97 per barrel... More

Ford could use cash to expand business, up dividends: CFO

October 27, 2015 4:09 PM EDT

By Bernie Woodall and Joseph White

DETROIT (Reuters) - Ford Motor Co (NYSE: F) Chief Financial Officer Bob Shanks told Reuters on Tuesday that the company is largely done repairing its balance sheet, and can now look at using growing cash reserves to invest in growth or increase shareholder returns.

Shanks said the company is not ready to offer specific plans, but he did not rule out hiking dividends, share buybacks, or making acquisitions or alliances to secure advanced technology or expand in new... More

Exclusive: VW shelves overhaul of U.S. business until scandal abates - sources

October 27, 2015 11:39 AM EDT

By Andreas Cremer and Jan Schwartz

BERLIN/HAMBURG (Reuters) - Volkswagen has shelved plans to overhaul the management of its North American business and will not address its future strategy there until it has reached legal agreements over its rigging of emission tests, two sources familiar with the matter said.

Volkswagen has long been struggling in the United States and the country became the focus of the biggest business crisis in its 78-year history last month when American authorities exposed its use of "defeat device" software to cheat diesel emission tests.

The German... More

Ford talking with U.S. on fuel economy credits for safety features

October 27, 2015 10:46 AM EDT

DETROIT (Reuters) - Ford Motor Co (NYSE: F) Chief Executive Officer Mark Fields said on Tuesday the company is in discussions with U.S. regulators about fuel economy credits for active safety features.

Fields made his comment in response to a question on Ford's... More

Pre-Open Stock Movers 10/27: (TRIV) (UQM) (BABA) Higher; (RRTS) (RCII) (MRVL) Lower (more...)

October 27, 2015 9:31 AM EDT

TriVascular Technologies, Inc. (Nasdaq: TRIV) 50.8% HIGHER; Endologix (NASDAQ: ELGX) and TriVascular Technologies, Inc. (Nasdaq: TRIV) announced today that they have entered into a definitive merger agreement under which Endologix and TriVascular will combine in a stock and cash transaction. The transaction is valued at $9.10 per TriVascular share, or a total of approximately $211 million, based on Endologix's closing stock price of $13.81 per share on October 23, 2015.

Roadrunner Transportation (NYSE:... More

Stifel Affirms Ford (F) at 'Buy' Post-Q3 Results; Product Mix Still Favorable to Peers

October 27, 2015 9:27 AM EDT

Stifel is out with initial commentary on Ford Motor (NYSE: F) following the company's Q3 report earlier Tuesday.

Analyst James Albertine noted that Ford's adjusted EPS of $0.45 came in slightly below the firm's $0.47 estimate.

Albertine continued: Ford reported better than expected results from its North America... More

Ford Motor third-quarter profit misses estimate, shares drop

October 27, 2015 7:20 AM EDT

By Bernie Woodall and Joseph White

DETROIT (Reuters) - Ford Motor Co (NYSE: F) reported sharply higher quarterly profit on Tuesday, driven by its record quarterly performance in North America, but the automakers' shares fell 5 percent after its results fell short of Wall Street estimates.

Ford executives also cautioned that year-end sales promotions could cut into North American profit margins during the current quarter. Ford has told dealers in the United States that it plans next week to launch a new drive to boost sales during the last two months of the... More

Wall St. slips on rate uncertainty; Apple up after the bell

October 27, 2015 7:15 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks slipped on Tuesday on uncertainty over the U.S. rate outlook and disappointing results from Ford and other companies.

Upbeat results from Apple (NASDAQ: AAPL) after hours, however, could give the market a boost on Wednesday.

Shares of Apple, the biggest company by market capitalization, rose 2.8 percent to $116.89 after it reported higher-than-expected earnings and revenue. Apple's stock ended the regular session down 0.6 percent at $114.55.

Nasdaq 100 e-mini futures also edged up after Apple's results.

"Both earnings and revenues... More

Ford Motor (F) Posts Q3 EPS of 45c, Missing Views

October 27, 2015 7:10 AM EDT

Ford Motor (NYSE: F) reported Q3 EPS of $0.48, in-line with the analyst estimate of $0.48. Revenue for the quarter came in at $38.1 billion versus the consensus estimate of $35.44 billion.

The Ford team delivered an outstanding quarter with record third quarter profit, best quarter ever for North... More

Trading Radar for 10/26: Apple (AAPL), Twitter (TWTR), Alibaba (BABA), Comcast (CMCSA), Pfizer (PFE) Report

October 26, 2015 2:16 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Durable Orders - Street sees (1.3%)

9:00am EDT

Case-Shiller 20-City Index - Street sees 5.0%

Earnings:

AIXTRON SE (Nasdaq: AIXG) - consensus loss $0.08
AK Steel (NYSE: AKS) - consensus loss $0.23
AVX Corp. (NYSE: AVX) - consensus EPS $0.20
Active Power (Nasdaq: ACPW) - consensus loss $0.02... More