Ford Motor Co. slumped the most since December 2011 after the automaker said the cost of bringing the most vehicles ever to market will lead to a decline in its pretax profit next year.
The shares fell more than 8 percent in New York and trading as low $15.31 for the biggest intraday decline since Dec. 8, 2011. Through yesterday’s close the stock had advanced 29 percent this year, outpacing a 25 percent gain for the Standard & Poor’s 500 Index.
Sainsbury’s shares rise 2.2% after profits top forecastsSainsbury’s shares jumped straight to the top of the FTSE 100 leader board on Wednesday after the supermarket firm reported a 7% jump in underlying [...]Joshua Raymond
Shares of Internet search and advertising titan Google soared more than 13 percent to pass the $1,000 mark for the first time Friday after a strong earnings report.After pushing to $1,007, an hour into trade, the shares had eased to around the $1,000 level, helping push the S&P 500 to a new all-time high and delivering the Nasdaq Composite to its highest level since September 2000.After trade closed Thursday Google reported a 36 percent jump in its third-quarter net profit to $2.97 billion, or $8.75 a share. Revenues also beat forecasts with a 12 percent jump year-on-year.
EADS' shares rose by as much as 7% on its first half profits announcement Tuesday after the firm hiked cash forecasts. Its two biggest shareholders, Daimler and Lagardere, also announced they had been provisionally cleared of insider trading.