Markets

Toyota U.S. June sales increase by 6.8%

SAN FRANCISCO (MarketWatch) — Toyota Motor Corp. said Thursday that its U.S. June sales rose by 6.8% to 140,604 vehicles from 131,654 in the year ago period. Passenger car sales were the weakest catagory with Toyota sales falling 2.2% to 73,811 vehicles, and Lexus sales declining 6.6% to 8,149 units. Total light truck sales increased [...]

BMW U.S. June sales grow by 11.9%

SAN FRANCISCO (MarketWatch) — BMW said Thursday that June U.S. sales rose 11.9% to 23,331 vehicles from 20,849 in the year-ago period. Sales of BMW autos increased by 6.6% to 14,490 units, while light truck vehicle sales jumped 48.9% to 4,692 vehicles. Mini sales for June rose 1.1% to 4,149 vehicles. Read the full story [...]

Individuals add to stocks in June: AAII survey

NEW YORK (MarketWatch) — Individual investors increased their holdings of stocks in June, though still keep a smaller percentage than average in equities, according to the American Association of Individual Investors. Investors held 52.9% of assets in stocks and stock funds, up 1.9 percentage points from May and compared to the historical average of 60%, [...]

U.S. stocks pare decline as consumer shares rise

NEW YORK (MarketWatch) — U.S. stocks shaved their losses Thursday as consumer discretionary shares rebounded, lifted in part by car manufacturer Ford Motor Co. , which reported a 13.3% jump in sales for June. After a roughly 150-point drop, the Dow Jones Industrial Average was more recently down 55.66 points at 9,718.36. The S&P 500 [...]

SEC probe weighs on Almost Family, Amedisys

BOSTON (MarketWatch) — Shares of home health-care providers Almost Family Inc. and Amedisys Inc. fell sharply Thursday on news that the Securities and Exchange Commission was investigating the companies. In separately released statements, both companies said the SEC had subpoenaed documents related to an on-going investigation by the Senate Finance Committee into their Medicare billing [...]

Hyundai June U.S. sales jump 35%; Kia sales up 19%

SAN FRANCISCO (MarketWatch) — Korean automakers reported significant gains in June U.S. vehicle sales Thursday. Hyundai Motor America said U.S. June sales jumped 35% to 51,205 vehicles from 37,943 in the year-ago period. Sonata sales rose 48.7% to 17,771 vehicles, and Elantra sales more than doubled to 14,245 in June. Separately, Kia Motors America said [...]

Gold contracts set record open interest: CME

NEW YORK (MarketWatch) — Open interest in gold futures hit a record high of 605,792 contracts on Wednesday, the CME Group reported. This volume tops 603,688 contracts set on June 25. Gold futures posted a record high of $1,258.30 an ounce on June 18, sparking heightened investor interest. Open interest on Thursday hovered around 360,000 [...]

BJ’s surges on report of Green Equity’s 9.5% stake

NEW YORK (MarketWatch) — BJ’s Wholesale Club Inc. shot up 13% after private-equity firm Green Equity Investors reported a 9.5% stake in the wholesale club chain. It also said it plans to contact company management about possibly taking it private. Read the full story on MarketWatch

Greenback suffers as buyers back yen

The yen is at its highest level against the dollar so far this year as worries about the health of the global economy boost haven demand for the Japanese currency Read the full story on the Financial Times

Porsche sales jump 137%, led by new Panamera

NEW YORK (MarketWatch) — Porsche Cars North America said Thursday that its vehicle sales in the U.S. rose to 2,141 units last month, an increase of 137 percent, fueled by its new Panamera and classic 911 lines. For the first half, Porsche has now sold 10,984 new vehicles, an increase of 14% over the same [...]

Daimler U.S. June sales grow by 20%

SAN FRANCISCO (MarketWatch) — Daimler AG said Thursday that June U.S. sales rose 20.3% to 19,574 vehicles from 16,271 in the year-ago period. Sales of Mercedes-Benz passenger cars and light truck vehicles increased by 20.5% to 18,269 units; Smart car sales dropped 48.3% to 577 vehicles; and the newly released Mercedes-Benz and Freightliner Sprinter Vans [...]

Chrysler U.S. June sales jump 35%

SAN FRANCISCO (MarketWatch) — Chrysler Group LLC, managed by Fiat SPA , said Thursday that U.S. June sales jumped 35% to 92,482 vehicles from 68,297 in the year-ago period. Chrysler brand sales rose 30% to 17,893 units; Jeep sales climbed 25% to 20,731 vehicles; and total Dodge brand sales, including the Ram truck brand, jumped [...]

Ford total June U.S. sales rise 13.3%

SAN FRANCISCO (MarketWatch) — Ford Motor Co. said Thursday that total U.S. sales in June rose 13.3% to 175,895 vehicles from 155,195 in the year-ago period. Sales of the Ford brand rose 16.2% to 155,332 vehicles; Lincoln sales fell 11.5% to 6,318 units, Mercury sales rose 26.2% to 9,250 units; and Volvo sales dropped 29.1% [...]

Tesla shares drop 13% on third day

SAN FRANCISCO (MarketWatch) — Tesla Motors Inc. shares dropped 13.1% Thursday to $20.72, extending their decline from late Wednesday. The electric car-maker’s shares debuted on Tuesday, soaring 41% in one of the largest first days for a public offering so far this year. Tesla, maker of the high-end Roadster that sells for more than $100,000, [...]

Morgan Stanley names new legal chief

NEW YORK (MarketWatch) — Morgan Stanley said Thursday that Francis Barron, is its new chief legal officer. Barron is a partner at law firm Cravath Swaine & Moore LLP, and will succeed Gary Lynch, who will remain a vice chairman for Morgan Stanley based in London. The bank also said that Eric Grossman, general counsel [...]

FTSE 100 sell-off continues into second half of the year

Riskier banking and mining stocks take up their familiar position at the bottom of the market as the second half of the year starts with broad-based losses Read the full story on the Financial Times

Boeing finalizes 787-9 Dreamliner blueprint

SAN FRANCISCO (MarketWatch) — Boeing Co. said Thursday it has reached a “firm configuration” of its 787-9 Dreamliner, meaning the design of the plane is defined and not changing. The 787-9 is a slightly larger version of Boeing’s other Dreamliner design, the 787-8, and can seat 250 to 290 passengers. Read the full story on [...]

Motorola outlines plan for separation in Q1 2011

SAN FRANCISCO (MarketWatch) — Motorola Inc. said Thursday that it has filed plans with the Securities and Exchange Commission regarding its planned separation into two publicly traded companies in the first quarter of 2011. In a statement, the company said its mobile device and home businesses will operate under the name Motorola Mobility, while its [...]

Obama calls for comprehensive immigration reform

WASHINGTON (MarketWatch) — President Barack Obama called for comprehensive immigration reform on Thursday, urging Congress to fix “a broken immigration system.” Obama laid out a policy that includes a path to citizenship in a speech at American University in Washington and said “I believe we can put politics aside” to pass reform. Prospects for passage [...]

S&P downgrades Fidelity over debt for buyback

SAN FRANCISCO (MarketWatch) — Standard & Poor’s said Thursday it cut the ratings of Fidelity National Information Services Inc. to BB from BB+ because the firm’s is issuing debt to buy back stock. The outlook is stable. “The downgrade follows FIS’s decision to pursue a leveraged recapitalization, issuing $2.6 billion of incremental debt to repurchase [...]

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