GM Holds Off Toyota In Sluggish June Auto Sales
GM retained a U S sales lead as June industry results fell sharply. GM sold 262,329 vehicles versus Toyotas 193,234, with GM down 18.2 percent and Toyota down 21.4 percent amid weak demand for trucks and SUVs. Ford fell 27.9 percent, Chrysler down 35.9, Honda up 1.1, Nissan down 17.8.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Toyota Motor Corp
U.S
Toyota
Ford Motor Co
Chrysler LLC
America
Bush cites housing deal may hinge on less politics
President Bush voiced optimism about a housing rescue agreement with Congress but urged lawmakers to cut political fighting. He spoke in Arkansas at a credit counseling group as mortgage woes and foreclosures rise with weak housing sales and a slowing economy. RealtyTrac tallies 261,255 May foreclosure filings nationwide, up 48 percent from last year.
MENTIONED IN THIS ARTICLE
North Little Rock
Ark
Bush
Congress
Senate
Arkansas
RealtyTrac Inc
New federal student loan terms reduce subsidized rates
Changes to the federal student aid program cut interest rates on new subsidized Stafford loans from 6.8 percent to 6 percent for undergraduates and extend declines over five years. Unsubsidized Stafford loans gain $2,000 per year borrowing, older variable-rate loans drop by 3 points, and Pell Grants rise to about $4,730. About 5 million students receive these aid programs.
MENTIONED IN THIS ARTICLE
Congress
Mark Kantrowitz
Finaid.org
Rising prices strain U.S. manufacturers across sectors
In New York and Lexington, Ky, manufacturers report rapid price hikes and shrinking quote windows as input costs rise. The Institute for Supply Management shows raw materials prices at 91.5 in June, with manufacturing activity barely above contraction at 50.2. Companies struggle to pass costs to buyers amid inflation and a steady Fed rate of 2 percent.
MENTIONED IN THIS ARTICLE
New York
Ira Cooper
Cooper
QED Inc
Lexington
Institute For Supply Management
Norbert J. Ore
JSM
Federal Reserve
Fed
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Honda
THE
Associated Press
Www
Gm.com
General Motors
China
Europe
Chrysler
Honda Motor Co
Ford
Nissan Motor Co
Dearborn
Al.w
David Zalubowski
Odessa
Metabolic Research Center
Emetabolic.com
Renea Et
Poco Rcsse
Thamac
RY & Spine Center
North Alleghancy
Texas
Minfem Gafis
Soa
Npaa
Florida - Midland
Autit
Reed
Price
Inki & Summer Clothing
Andrews Hwy
Charles Marie
Midessa
Eaache
Weiss
Kaka Rodilam de
Ec Pye Ae
Moran Buildings & Spas
East
Harley-Davidson
JJ Asondjfmams
Institute For Supply
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