May auto sales cool as shortages bite and incentives dip
U.S. auto sales eased in May as dealers faced shortages of fuel efficient models and lower incentives. Toyota Honda and Nissan posted the biggest drops amid parts shortages from the Japan quake. GM and Ford also reported declines with pickup trucks weak.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Edmunds.com
Jeremy Anwyl
Toyota Motor Corp
Honda Motor Co
Nissan Motor Co
Japan
Toyota
Honda
Nissan
General Motors Corp
Ford Motor Co
Ford
Obama touts bailouts as victory for auto industry recovery
The White House said taxpayers face about 14 billion in losses from the 80 billion GM and Chrysler bailout, far below earlier projections. The administration framed this as a strategic win, citing GM and Chrysler repayments and reduced equity stakes as proof of rescue success.
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White House
Washington
Chrysler
Obama
U.S
National Economic Council
Detroit
Bush
Treasury Department
Joe Biden
Treasury
Timothy Geithner
Barack Obama
Macy's Reports 7.4 Percent May Growth Beats Forecasts
Macy's said same store sales rose 7.4 percent in May, beating FactSet forecasts of 5.5 percent. Total revenue for the four weeks ended May 28 climbed 8.5 percent to 1.94 billion dollars, with online sales up 37.7 percent driven by bloomingdales and macys.com.
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Cincinnati
Macy's
FactSet
Deborah Weinswig
Citi Investment Research
Macy
Macy’s
Bloomingdales.com
Macys.com
Barber Foods Sold to Ohio Firm in Portland Deal
Maine based Barber Foods, known for frozen stuffed chicken products, is sold to AdvancePierre Foods of Cincinnati for an undisclosed price. The Portland plant will stay open, employing about 670 workers, as AdvancePierre plans to expand Barber Foods with its Fast Fixin and Fast Classics lines across the East Coast and Canada.
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Portland
Maine
AdvancePierre Foods
Cincinnati
Barber Foods
David Barber
AdvancePierre
Ohio
Amherst
Oklahoma
North Carolina
South Carolina
Iowa
Pierre Foods
Advance Food Co
Advance Brands
Barber
Canada
Chris Kiser
AdvancePierre Foods’ Brands
Dow sinks as economy fears clip stock gains
Dow Jones drops 279.65 points 2.2 percent to 12290.14 marking the largest point drop since last June and the biggest percentage fall since August as data on manufacturing and jobs underscored a slowing economy. S&P falls 30.65 to 1314.55 and Nasdaq declines 66.11 to 2769.19 while 10 year yields slide to 2.95 percent. Analysts warn the recovery may be entering a soft patch.
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Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p
Wilshire
Russell
Ighlights Ay Nyse Amex
Mattarsight
Entercom
AdcareHnt
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intNex
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GenElec
oMith
Dell Inc
Atat Inc
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Limited
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Lowes
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McDakis NY
Amina NY
BobEvans Nasd
NiSource NY
BostonSci NY
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NY AB
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Cisco Cairylink
Oracle Nasd
PNC NY
Darden Cig Rs
NY NY
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Dell Ine Nash
Penney NY
Diebold NY
Pfizer NY
Dinee NY
PolyOne NY
Emerson
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FifthThird
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FisiPice F
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RPM NY
FatMerit FirstEngy NY
Fn NY
Fordm NY
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Smucker NY
Hondlint
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SPE NY
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Ishemkts
SP Inds NY
Ease NY
Steris NY
Ishr2k NY
Intel Nash Bd
US Steel NY
Invacare NY
WalMart NY
Jpmorgch NY
Weils Fargo NY
InpeNink NY
Wendy Arby
Kaycorp NY
Windstrm
Yahoo
Chicago Board of Trade
CME
Chi Mercantile Sugar
World
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New York Board of Trade
uCul
Bala
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Dodge & Cox IntiStk lv
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Fidelity Contra LG
Fidel GrowCo
Fidels LowPniStk d MB
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Pimco TotRetis
Vanguard
Iin
Wih
Directve
New York
Treasury
Institute For Supply Management
ADP
Paul Ashworth
U.S
Capital Economics
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Dow Jones
Jim Kuhnhein
Associated Press
General Motors Co
Sterling Heights
Mich
Ohio Company
The
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