BRIEFCASE.Byline: -- Staff and Wire Services Toyota's July sales top Ford's DETROIT -- Amid steep gas prices, Toyota Motor Corp. rode its reputation for fuel-efficient cars to a double-digit sales increase in July and outsold out·sold v. Past tense and past participle of outsell. Ford in the U.S. for the first month ever. Honda Motor Co. also reported robust sales. U.S. automakers experienced a moribund moribund /mor·i·bund/ (mor´i-bund) in a dying state. mor·i·bund n. At the point of death; dying. mor July as sales plummeted from a year ago, when heavy discounts spurred a near record month for the auto industry. For General Motors Corp., Ford Motor Co. and DaimlerChrysler AG's Chrysler Group, the steepest declines were in trucks and sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. , the high-margin items on which the three companies are heavily dependent. Both Honda and Toyota credited their reputations for fuel efficiency and strength in small cars for boosting them during a period when retail gasoline prices have been near $3 per gallon in most parts of the country. Kodak suffers 7th quarterly setback ROCHESTER, N.Y. -- Eastman Kodak Co., scrambling to squeeze bigger profits from digital photography, posted its seventh quarterly loss in a row Tuesday and moved to cut 2,000 more jobs as it navigates a historic shift away from its waning film business. Its shares tumbled nearly 14 percent to their lowest close in 15 years. Largely because of $214 million in restructuring costs, Kodak lost $282 million, 98 cents a share, in the April-June quarter, close to double its loss of $155 million, or 54 cents a share, in last year's second quarter. Stung by a continuing rapid slide in sales of silver-halide film, Kodak's cash cow Cash Cow 1. One of the four categories (quadrants) in the BCG growth-share matrix that represents the division within a company that has a large market share within a mature industry. 2. for much of the 20th century, revenues fell 9 percent to $3.36 billion from $3.69 billion a year ago. Verizon: Partner not selling stake NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Verizon Communications
Verizon Communications, Inc. Inc. said Tuesday that cellular partner Vodafone Group PLC has opted not to sell its 45 percent stake in Verizon Wireless Cellco Partnership, doing business as Verizon Wireless, owns and operates the second largest wireless telecommunications network in the United States, based on total wireless customers. for at least the next few years. But even if Verizon won't need tens of billions to fund a cellular buyout, it plans to proceed with a spinoff of its phone book business. The updates on the two major financial question marks for Verizon, one of the nation's two dominant telecommunications providers, came as the company reported a 24 percent drop in second-quarter profit despite yet another powerful showing by the cellular business. Amid the day's crosscurrents, Verizon's stock fell 55 cents, or 1.6 percent, to close at $33.27 on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . The steady, strong growth of the wireless operation, where second- quarter revenue improved 18 percent to $9.26 billion, has been a double- edged sword dangling over Verizon's stock price. |
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