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Ford's June Sales Increased 11 Percent

Ford Motor Company posted strong sales results for June, up 10 percent from the same month one year ago. General Motors also showed a June sales increase, but its numbers were below analyst expectations.

Lockheed Martin Axing 1,500 Jobs Amid Looming Defense Spending Cuts

Lockheed Martin Corp. (NYSE: LMT) said it will cut about 1,500 jobs at the Aeronautics unit in a move to curb costs and offer better priced products to customers. Added to the costs, President Barack Obama's goal of reducing defense spending by $400 million is also a burden on Lockheed Martin.
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Ford Gaining Marketshare

Analyst: Ford Gaining Marketshare

An analyst says Ford had an impressive sales month in June. The auto industry will report its numbers Friday. Ford's stock climbed as much as 4 percent on the news.
Pedestrians pass the head office of Lloyds Banking Group in central London

Lloyds Bank Cuts 15,000 More Jobs

Lloyds Banking Group plc (NYSE: LYG) said it will slash 15,000 more jobs – about 14 percent of its current workforce -- in an attempt to save about £1.5-billion ($2.4-billion) by 2014 and return the British lender to profitability.
Spreadtrum’s TD-SCDMA/GSM/GPRS dual mode baseband chip

Key Takeaways from Spreadtrum Call over Muddy Waters Questions

Spreadtrum Communications, Inc (NASDAQ: SPRD) held a conference call to address questions raised in Muddy Waters’ open letter. Jefferies said Spreadtrum's management provided great detail on its history, management & auditor changes, product mix, income taxes, the MobilePeak acquisition and accounting practices.
Leonard Green buying BJ's Wholesale Club for $2.8 billion

Wholesale Club War: BJ's vs. Costco

Leonard Green & Partners and CVC Capital Partners have agreed to buy BJ's Wholesale Club for $2.8 billion. The move is expected to pit BJ's in more direct competition against Costco in the wholesale club wars as the firms push BJ's, in only 15 states to growth.
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US stocks mixed in early trade

U.S. stocks were mixed in early trade on Wednesday with Nasdaq turns negative after Greece’s parliament approved key austerity bill to prevent a debt default.
The Apple Inc. logo is seen in the lobby of New York City's flagship Apple store

What's Ailing Apple?

Barclays Capital has addressed the reasons it believes shares of Apple Inc. (NASDAQ: AAPL) have underperformed the sector since February. Apple stock has fallen 3.82 percent between February 1 and June 24.

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