The U.S. Postal Service went broke on Wednesday, for the first time defaulting on a payment due to the U.S. Treasury to finance postal pensioners' future health care costs.
Toyota Motor Corporation (NYSE: TM) reported on Wednesday July U.S. car sales up 26.1 percent to 164,898 as the company continued to recover from last year's natural disasters.
Japan's big three, Nissan, Toyota and Honda gained big in sales while Ford and GM had lackluster showings.
Honda Motor Co. (NYSE: HMC) reported on Wednesday July U.S. sales rose 45.3 percent to 116,944 as the Japanese automaker continues its robust recovery from last year's earthquake and tsunami in Japan and flooding in Thailand.
Nissan Motor Co. (Tokyo: 7201) reported on Wednesday U.S. July Car sales up 16.2 percent over the year before on strong demand for cars, particularly the Altima and Rogue models.
Despite the underperforming "Battleship," and the fact that today's multiplexes are largely populated by people too young to remember a time when home entertainment did not come in pixels, a slew of new board game movies are coming up the Hollywood pipeline.
General Motors Company (NYSE: GM) on Wednesday reported July U.S. car sales fell 6 percent compared with the year before as retail sales fell modestly and fleet sales plummeted.
July US car sales diverged for American manufacturers Ford and Chrysler, the first two carmakers to report sales for the month.
Ford Motor Company (NYSE: F) reported U.S. July car sales were down 4 percent compared to the year before due to weak fleet sales.
General Motors Company (NYSE: GM) is expected to report profits down 51.7 percent for the second quarter of 2012 as the company continues to slog through an uphill battle to restructure its loss-making European Opel-Vauxhall unit and to sell through high levels of North American inventory.
The top after-market NYSE gainers Tuesday were Genworth Financial, Meritage Homes Corp, Laboratory Corp of America Holdings, Radian Group and Halcon Resources Corp. The top after-market NYSE losers were Kraton Performance Polymers, Polypore International, Con-way, Medifast Inc and AmerisourceBergen Corp.
In spite of low expectations for profit, market-watchers are actually increasingly bullish on AIG, believing the most important thing to watch when the company reports quarterly results Thursday will be its plans to buy back stock from its largest shareholder, the U.S. government.
The global marketing chief for General Motors Co. (NYSE: GM) was ousted because of an expensive, poorly negotiated deal with Manchester United, the world's most popular soccer club, according to a report.
Time Warner Inc. (NYSE: TWX), the world's second-largest entertainment conglomerate by revenue, is expected to have slightly lower second quarter earnings as film profits decline but international cable distribution remains strong.
A bank equity analyst famous in financial circles for her prescient analysis on the global banking sector said Tuesday morning she sees the financial industry shedding another 200,000 people off the payrolls in the coming months.
In a lawsuit filed late last week in New York court, New Delhi Television Limited (NDTV) accused the ratings giant of manipulating viewership statistics in favor of broadcasters that offered money to ratings officials.
Germany's biggest bank Deutsche Bank AG (NYSE: DB) is laying off 1,900 people, most of them outside Germany, in an effort to save ?3 billion ($3.68 billion) as part of a broader strategic overhaul.
The top after-market NYSE gainers Monday were Accretive Health, Lexmark International, Herbalife Ltd, Hertz Global Holdings and Freescale Semiconductor Ltd. The top after-market NYSE losers were RealD, Forest Oil Corp, McMoRan Exploration, Superior Energy Services and Humana Inc.
Is Best Buy Co. Inc. (NYSE: BBY) about to lose its stock exchange ticker symbol and become a private company? Some traders think it's imminent.
Energy infrastructure company Chicago Bridge & Iron Company NV (NYSE: CBI) will buy The Shaw Group Inc. (NYSE: SHAW), a Baton Rouge, La.-based engineering and construction firm, for about $3 billion in cash and stock, the companies said Monday.
Pfizer Inc. (NYSE: PFE), the world's largest drug developer by revenue, is expected to report a decline in second-quarter profits on declining sales of its top-selling cholesterol drug Lipitor and generic competition for its glaucoma pill Zalatan.
The week is chock-full with data releases that will confirm if the summer malaise continued in July. As always, Friday's employment report will carry the most weight. Another highlight of this week is the much anticipated Federal Open Market Committee meeting on Tuesday and Wednesday.
