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Chicago Board of Trade › (CBOT:OZB.H12.12300P)


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Today's Financial News

Summer deals, demand for SUVs and luxury vehicles keeps US auto sales hot in July

4 hours ago

DETROIT (AP) — More Americans are buying cars that say "look at me." Subaru reported the biggest sales gain of 10.5 percent over last July. General Motors, Fiat Chrysler and Hyundai all saw 6 percent sales increases, while Honda and Nissan saw 8 percent gains. Ford's U.S. sales rose 5 percent. Volkswagen sales rose 2 percent. Toyota's sales were flat, hurt by a big dip in car sales.

Avis Budget Group tops 2Q profit expectations, misses revenue forecasts

4 hours ago

PARSIPPANY, N.J. (AP) _ Avis Budget Group Inc. (CAR) on Monday reported second-quarter profit of $143 million. On a per-share basis, the Parsippany, New Jersey-based company said it had net income of $1.34. Earnings, adjusted for one-time gains and costs, came to 84 cents per share. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

Veeco Instruments reports 2nd-quarter loss of $8.4 million

4 hours ago

PLAINVIEW, N.Y. (AP) _ Veeco Instruments Inc. (VECO) on Monday reported a loss of $8.4 million in its second quarter. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. The precision manufacturing equipment maker posted revenue of $131.4 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $128.1 million.

Michael Kors falls as analysts think discounts will lead to tough 1st quarter and fiscal year

4 hours ago

NEW YORK (AP) — Shares of Michael Kors Holdings skidded to a three-year low Monday as analysts forecast a difficult first quarter and fiscal year for the maker of handbags, clothing and accessories. Michael Kors Holdings Ltd. stock fell $3.28, or 7.8 percent, to $38.71 as the broader markets declined. The shares are down 53 percent over the last year and hit a three-year low of $38.39 during the session.

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