Bell Applion posts Q2 2013 loss. GM to add plant spending
Bell Applion, formerly Appleton Papers, reports a second quarter net loss of 18.9 million while operating income rises to 20.4 million and net sales fall to 201.5 million. First half 2013 net sales total 412.3 million versus 433.5 million a year earlier. GM to invest an additional 167 million at Spring Hill Tennessee to build two midsize vehicles, aiming to preserve or create 1,800 jobs, with vehicle specifics not disclosed.
MENTIONED IN THIS ARTICLE
Applion
Appleton Papers
West Carrollton
Thomas Grau
General Motors
Tennessee
Spring Hill
Nashville
Canada
Associated Press
CVS earnings rise 16 percent in second quarter
CVS Caremark Corp posted a 16 percent jump in second-quarter earnings as generic drugs boosted profits. The Woonsocket company trimmed its 2013 earnings forecast, blaming a delayed share buyback that would have lifted per share results, while shares fell Tuesday afternoon.
MENTIONED IN THIS ARTICLE
CVS Caremark Corp
Woonsocket, R.J
Wall Street
Associated Press
Housing prices rise 11.9 percent nationwide in June
CoreLogic reports U S home prices up 11.9 percent from a year earlier with a 1.9 percent monthly gain. Nevada leads at 26.5 percent, Ohio up 5.6 percent, and Mississippi, Delaware see declines. Demand grows as supply remains tight, fringing potential rate impacts and record new-home activity.
MENTIONED IN THIS ARTICLE
U.S
CoreLogic
Mississippi
Delaware
Nevada
California
Wyoming
Arizona
Georgia
Ohio
Mark Fleming
Auto industry drivers keep cars longer in U S
Traverse City Michigan reports show Americans hold onto cars and trucks longer as average vehicle age rises to 11.4 years in January from 11.2 in 2012. Polk research cites improved quality and cost avoidance of payments, with scrap rates down 50 percent since the recession.
MENTIONED IN THIS ARTICLE
Traverse City
Mich
U.S
Polk Research
Polk
Mark Seng
Larry Potter
SCP Automotive
Kettering
Song
Potter
Seng
Trade deficit drop hints at faster Q2 growth
The Commerce Department reports the June U.S. trade gap fell to 34.2 billion, the lowest since 2009, with exports rising 2.2 percent to an all time high of 191.2 billion and imports down 2.2 percent. Analysts expect possible upward revision of April-June growth toward 2.5 percent as oil imports fell to a two-year low.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Lee
BMO Capital Markets
Job Openings Rise in June as Hiring Falls
U S employers in June advertised 3.94 million jobs, up 29,000 from May, the highest since May 2008, while hiring dropped 289,000 to 4.2 million. The job market shows improvement yet firms remain reluctant to hire amid tax increases, spending cuts, and slower global growth.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
Also Mentioned on This Page
CVS
Alex Veiga
Fress
National Association of Realtors
RealtyTrac Inc
Auto Industry
Christna Perry
Europe
By Paul Wiseman
AES Corp
CinnFin
NiSource
AK Steel Dd
Cintasee As
Thor Inds
Hill-Rom
PNC
At&t Inc
Citigroup
Honda
PackAmer
Toyota O
AbtLabs
DeanFds
Honwllind
ParkNati
Accords
US Bancro
AirProd
Duke Engy Tle
HuntBnesh
Penney Dd
UnvEle
Fastenal
ITW
PepsiCo
Altria
BP PLC
Raveninds
WalMart
Ffncoh
Reedeism
Bob Evans Dd
FirstEn
RexAmRes cc
WausauPap Dd
MarathPet Tila
Tcffnel
Cedarf
Genélec 1B
Navistar Ai
Teradata
Wesbane
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