| 15 Cars Fueling the Auto Industry Recovery Rick Newman submits:As comebacks go, it's an awfully weak one. Annual car sales in 2009 are likely to end up at the lowest level in years, down more than 40 percent from their peak in 2005. The worst months came in the spring, punctuated by the bankruptcy filings of General Motors and Chrysler. The cash-for-clunkers program provided a nice summer boost, but that was followed by a steep dropoff once the giveaway ended and doubts that the subsidies would lead to any net gain at all. [Slide Show: 15 Cars Fueling the Auto Recovery.]Complete Story » seekingalpha.com |
Burlington Northern's Plans to Expand in Alabama Ravi Nagarajan submits:The Birmingham Business Journal has reported that Burlington Northern Santa Fe (BNI) has purchased a 32 acre facility in Birmingham for $3 million. The company is in the process of evaluating the facility for future expansion. The site is a former pet food manufacturing facility and is located next to Burlington Northern’s existing intermodal facility. The railroad has received requests from area businesses that are interested in expanded rail service.Complete Story » seekingalpha.com |
Harley Cruises Past Estimates Zacks.com submits: Harley-Davidson (HOG) has witnessed a profit of $68.7 million or 29 cents per share in the first quarter of 2010, outperforming the Zacks Consensus Estimate of 26 cents per share. However, profits were lower than $128.1 million or 55 cents per share in the year-ago quarter. Revenue from Motorcycles and Related Products fell 19% to $1.04 billion in the quarter. Nevertheless, Harley showed a profit due to its aggressive restructuring actions, incorporated in its go-forward business strategy.Complete Story » seekingalpha.com |
Western Unio Q2 2010 Earnings Call Transcript Western Unio (WU)Q2 2010 Earnings CallJuly 27, 2010 8:30 am ETComplete Story » seekingalpha.com |
Avis's Revised Q3 Outlook Zacks.com submits: Avis Budget Group Inc. (CAR) expects impressive third quarter results, thanks to the cost-saving initiatives as well as higher demand for its products. The company plans to announce its third quarter financial results early next month. Avis expects its revenues to increase to about $1.5 billion in the quarter (up from $1.47 billion in the year-earlier quarter) and anticipates earnings before interest, taxes, depreciation and amortization (EBITDA) in the range of $210 million to $220 million (up from $165 million in the year-ago quarter).Complete Story » seekingalpha.com |