June Auto Sales Boost GM Ford as Gas Sways Buyers
U S auto sales rose 7 percent in June to 1.05 million with GM and Ford up about 10 percent as cheaper gas spurred truck and compact car demand. Chrysler posted a 30 percent gain on Jeep Grand Cherokee and Chrysler 200. Toyota and Honda fell over 20 percent due to Japan quake and car shortages.
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General Motors Co
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Toyota
Honda
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U.S
Don Johnson
Ford
America
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Jesse Toprak
TrueCar.com
Chrysler
Zynga Plans IPO Amid Social Media Boom
Zynga Inc the online game maker behind FarmVille and other Facebook games intends to go public aiming to raise up to 1 billion in an IPO. The offering size will adjust as shares are priced and allocated. Analysts compare Zynga to Google and Facebook potential while noting a crowded IPO market.
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Zynga
FarmVille
Facebook
LinkedIn Corp
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Zynga Inc
LinkedIn
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John Fitzgibbon Jr
IPO Scoop
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Recession Ended Yet Recovery Feels Uneven Across America
Two years after economists deemed the Great Recession ended, the recovery remains weak and uneven. Wages lag prices as gains flow to the wealthy and corporate profits rise, while unemployment stays high and many workers struggle with debt. Kathleen Terry highlights personal hardship from California to Riverside as welfare use and food stamp rolls hit records.
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David Rosenberg
Gluskin Sheff + Associates
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Terry
Riverside County
Calif
Ohio corn yields set record acreage as planting finishes
Ohio farmers set a record 3.5 million acres planted with corn, up from 3.45 million last year, aided by four warm dry days in June after a late start. Wheat acreage also rose to 890,000, while nationwide corn output nears a seven decade high. The Capitol bar story and Hulu bids are separate items in the same dispatch.
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