BBVA Starts Studying Proposals to Sell Some LatAm Assets -Report
Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC) has started studying several proposals for the sale of its Latin American pension-fund manager assets, El Mercurio newspaper reported Wednesday.
Allergan Climbs 6% On Solid Earnings Report
Allergan Inc. shares rose 6% to $86.73 in early trading Wednesday after the Botox and medical-device maker issued a strong second-quarter earnings report.
GM July U.S. Sales Fall 6.4% as Rental Fleet Sales Drop Sharply
General Motors Co.'s (GM, GMM.U.T) U.S. auto sales fell 6.4% in July amid a 41% drop in sales to rental fleet customers.
Dollar Reverses Higher After ISM
The U.S. dollar edged higher Wednesday after a report from the Institute for Supply Management showed U.S. manufacturing remained in contraction last month.
APM Terminals, Empresas ICA Sign Deal for Mexican Terminal
Mexican industrial company Empresas ICA, S.A.B. de C.V. (ICA) said Wednesday its consortium with container terminal operator APM Terminals has agreed to construct and operate a container terminal in the Lazaro Cardenas port on Mexico's Pacific coast. The assignment was awarded through an
Argentina, Brazil to Negotiate New Auto-Trade Accord This Year
Argentina and Brazil will start talks later this year to draft a new bilateral automobile-trade accord that will seek to substitute foreign-made auto parts with local content, according to Argentina's Industry Ministry.
Ford July U.S. New Vehicle Sales Fell 3.8% on Fewer Fleet Sales
Ford Motor Co.'s (F) U.S. new-vehicle sales fell 3.8% in July from a year earlier, due in part to lower fleet sales.
Treasurys Stay Down After ISM Report
Treasury prices stayed down Wednesday after the Institute for Supply Management said July's manufacturing index rose to 49.8% from 49.7% in June.
Harley-Davidson Shares Skid On Weak Overseas Sales
Harley-Davidson shares slid 6% to $40.94 Wednesday morning after second-quarter sales for the motorcycle maker fell shy of the consensus estimate.
Normal Power Supply Resumes in India; Government Promises Action
The Indian government Wednesday assured that it will work toward ensuring smooth operation of all electricity networks so that the grid failures that put hundreds of millions without power for several hours in the previous two days aren't repeated.