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Stock Market News

Ford shares tumble on lower profit outlook for 2014-2015
Ford shares tumble on lower profit outlook for 2014-2015
By Reuters - Sep 30, 2014

By Bernie Woodall DEARBORN (Reuters) - Higher recall costs in North America and steeper losses in Russia and South America have caused Ford Motor Co (N:F) to slash its forecast for pretax profit this ...

GM CEO to reveal multiyear financial strategy: WSJ
GM CEO to reveal multiyear financial strategy: WSJ
By Reuters - Sep 30, 2014

(Reuters) - General Motors Co's (N:GM) Chief Executive Officer Mary Barra will on Wednesday reveal a multiyear financial strategy that aims to boost the company's profits and launch "market leading" ...

American Apparel Hires New Interim CEO
American Apparel Hires New Interim CEO
By International Business Times - Sep 30, 2014

By Philip Ross - American Apparel Inc (NYSE:APP) appointed an interim chief executive Monday, three months after its founder and former CEO Dov Charney was fired for misconduct. Scott Brubaker, a ...

Bank of America’s $4 Billion Accounting Mistake
Bank of America’s $4 Billion Accounting Mistake
By International Business Times - Sep 29, 2014

By Kathleen Caulderwood - Bank of America (NYSE:BAC) will pay $7.65 million to settle charges related to a billion-dollar accounting error it made five years ago. The Securities and Exchange ...

Good News Gladly Waits For CEOs
Good News Gladly Waits For CEOs
By International Business Times - Sep 29, 2014

By Angelo Young - Companies sometimes delay the release of good news about performance to maximize the amount of money CEOs get from selling their shares, according to a study of regulatory filings ...

Avon wins dismissal of lawsuit over China bribery
Avon wins dismissal of lawsuit over China bribery
By Reuters - Sep 29, 2014

By Jonathan Stempel NEW YORK (Reuters) - Avon Products Inc (N:AVP) on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics company of concealing its inability to stop workers ...