World Trade Organization Says China Moved Unfairly Against Tyson (TSN), Pilgrim’s Pride (PPC) and Keystone Foods In 2010 Decision To Slap Tariffs On US Broiler Chicken
The world’s trade referee said China “acted inconsistently” in slapping tariffs on U.S. chicken products.
Terror Threat Sunday: Republican Senator Says Terror Threat ‘Reminiscent’ Of Pre-9/11 Chatter
With U.S., Germany, France and Britain on high alert, U.S. Sen. Saxby Chambliss says threat is “reminiscent of what we saw pre-9/11.”
July 2013 U.S. Auto Sales: Japanese Big Three -- Toyota (TM), Honda (HMC), Nissan (NSANY) -- Saw A Combined Average Increase Of 16.4%, Higher Rise Than Detroit 3 On Lower Volume
Honda, Toyota and Nissan moved a third of the 1.32 million vehicles sold in the U.S. last month.
July 2013 US Auto Sales: Detroit Three Sold Nearly 570,000 Vehicles In US Last Month; General Motors (GM) Up 16%, Ford (F) Up 11.3%, Chrysler Up 11%
The Detroit Three July U.S. sales: 567,888 vehicles. The theme of the month: Americans bought small sedans.
Volkswagen July 2013 US Sales: Down 3.3%; Significant Drops For Most Models; Passat Sedan Made Up 28% Of All VW US Sales Last Month
The German auto giant continues to be hit by strong small-sedan offerings from competitors.
Ford (F) July 2013 US Sales Up 11.3 Percent, Boosted By A Jump In Sales Of Smaller Sedans Fiesta, Focus and C-MAX; Best Retail Demand Since 2005 [CORRECTION]
Ford said strong demand from consumers on the U.S. coasts is fueling a sales surge for its small sedans.
Chrysler July 2013 US Sales: Sales Rise 11%; Best July Since 2006; Ram Pickup Truck Up 31%; Dodge Up 18%
Strong demand for the Durango SUV helped Dodge, and Jeep sales were up 2 percent on continued strong demand for the Grand Cherokee.
The Philippines Says US Providing Intel On China’s Naval Activities; President Xi Asserts ‘Rights And Interests’ In South China Sea
The Philippines' foreign secretary says his country is getting a hand from America in its ongoing maritime territorial row with China.
Federal Reserve’s Swipe Fee Rule Struck Down By Judge; Says 21 Cents Per Transaction Inflates Transaction Costs; Retailers Rejoice
A federal judge on Wednesday said the Federal Reserve is “inappropriately inflating all debit card transaction fees.”
Ford Motor (F) Could Be On Its Way To Solving Its US Pension Problem – If Interest Rates Rise And The Stock Market Remains Strong
Ford plans to drop $5B into its global pension program this year. Rising interest rates would help reduce its shortfall further.
Citing Environmental Concerns, China Pushes Back On BMW Expansion; Is This A Routine Gesture Or The New Norm?
A routine application for expanding an existing factory was turned down, hinting that China is playing tough against foreign auto makers.
$724,000 For A Ferrari? China’s Rich Are Getting Shafted Buying Luxury Cars, But Who’s Ripping Them Off?
Would you pay over $80,000 for a Mini Cooper? How about nearly $100,000 for an Audi A4 sedan?
Analyst Sandeep Aggarwal Arrested By FBI, Faces Civil And Criminal Penalties For Insider Trading Linked To SAC Capital Indictment
The SEC and U.S. Attorney’s Office says Aggarwal bought shares in the Yahoo-Microsoft deal using his contacts at Microsoft.
Centrica (CNA) Spends $1B To Become Largest B2B Natural Gas And Electric Supplier With Acquisition From Hess Corp. (HES)
Via the acquisition of the Hess Corp. subsidiary, Centrica will supply more than 23,000 commercial businesses on the U.S. East Coast.
Community Health Systems (CYH), Subject of Justice Department Inquiry, To Acquire Health Management Associates (HMA), Subject Of SEC Probe, For $7.6B
The acquisition of Health Management Associates by Community Health Systems includes $3.7 billion in debt.
US 2013 July Auto Sales Forecast: Up 15.5% To 1.33M Units; Incentive Spending Up 7.6%; SAAR At 15.8M; Compacts, Crossovers, Trucks Lead Sales Surge
With more inventory than last year, incentive spending is up. July sales growth could see highest jump in 2013.
Last UK-Built Ford Rolls Off The Assembly Line As Firm Shifts Transit Model Production To Turkey
Ford’s Southampton UK assembly plant is closing as the auto maker shifts production to Turkey, where Ford Otosan exports are booming.
Consumer Reports Says 2014 Chevrolet Impala Is Best Sedan In America, Giving GM Some Much-Needed Accolades For Its Passenger Cars
Consumer Reports gives top marks to a Detroit Three sedan for the first time in 20 years.
Britain’s Aston Martin Looks To Germany’s Mercedes-AMG For Help Developing New V-8 Engines
The 100-year-old maker of James Bond’s preferred mode of transport is looking to German engineering for new V-8 engines.
Louisiana State Agency In Charge Of New Orleans Flood Protection Sues 97 Oil Companies, Including Koch Industries, Exxon And Subsidiaries Of Chevron, BP And Royal Dutch Shell Demanding They Fix Damages To Wetlands That Protect Communities From Floods
Southeast Louisiana Flood Protection Authority–East is asking a court to force companies to repair decades of dredging damages.
[VIDEO] Offshore Natural Gas Rig In Gulf of Mexico Operated By Hercules Offshore (HERO) For Walter Oil & Gas Corp. Caught Fire Overnight Following Evacuations
Firefighting crews have been dispatched to the scene, after cloud of natural gas ignited overnight.
US Auto Workers Send Petition Demanding No Free Trade Agreement With Japan On Same Day Japan Formally Joins 12-Nation Trans-Pacific Partnership Talks
As Japan formally joins talks for massive free trade zone, U.S. auto workers pressure Washington over access to Japanese market.
Forty Percent Of U.S. Investors Worth At Least $5 Million Said They Do Not Consider Themselves Wealthy: Survey
A survey by UBS wealth management found that a lot of U.S. millionaires do not consider themselves "wealthy."
Wal-Mart Stores (WMT) Tells Indian Officials It Cannot Meet 30% Sourcing Requirement From Small Indian Enterprises
Wal-Mart has said it wants to open its own retail outlets in India by the end of 2014, but it has faced considerable blowback by opponents.
Cisco Systems (CSCO) To Pay $2.7B For Maryland-Based Cybersecurity Firm Sourcefire (FIRE)
The Silicon Valley tech giant is betting cybersecurity will become more important in years to come.
Bentley Taking Shot At Luxury SUV Market With $1.2B Investment; Bentley SUV Expected On The Market By 2016
The British maker of the six-figure Flying Spur will build its first SUV at its headquarters in Crewe, U.K.
General Motors Company (GM) Q2 2013 Earnings Preview: Revenue Up, Profit Down As Europe Weighs And GM Aggressively Works To Overhaul Product Lines
It was a “stable quarter” for North America’s largest auto maker, but profits were likely hurt by continued overhaul charges.
Telefonica, KPN Reputedly Close To Announcing $6B Deal For Telefonica To Acquire German Mobile Telecom E-Plus
After years of talks, Spanish telecom may soon have a significant grip on Europe’s largest mobile market.
Philippines President Aquino Urges Congress To Approve $62B Budget And Pass Legislation To Help Him Advance His Ambitious Development Plans
Philippines President Benigno Aquino calls for legislative momentum on a wide range of issues, including tax and land reform.
New York Private Equity Firm KKR To Buy 9.5% Of Indonesian Food Retailer Tiga Pilar Sejahtera; Price Not Disclosed
KKR sees encouraging growth prospects in Southeast Asia’s largest economy and has invested in maker of popular snack foods.