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Ford (F)

Ford Motor Credit, the finance arm of Ford Motor Company, is planning to sell a new issue of bonds due 2020.
Net proceeds of the bond sale will go toward Ford Motor Credit's general funds, according to the filing, and will be available for the purchase of receivables, for loans and for use in connection with the retirement of debt. Price guidance for the new offer, which is estimated to be $1 billion in size, has the notes yielding in the area of 8.25%-8.375%.

Dec 8 · 2:42:00 PM · Source: Reuters
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by Michael Oliveto

Ford (F)

Ford, after decades of developing vehicle platforms with Japanese affiliate Mazda Motor Corp., intends to go it alone for future models.
"For a lot of designing and engineering, we're going to be focused on Ford," Mark Fields, Ford's president for the Americas, said on the sidelines of the Los Angeles Auto Show. "Our efforts will be focused on the Ford system, as opposed to relying on others such as Mazda."

Dec 8 · 2:40:00 PM · Source: Korea Herald
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by Michael Oliveto

Amazon (AMZN)

Amazon has officially denied reports that it has plans to open "physical" stores anywhere in the world.
The response comes after rumors that the company was planning on opening high street shops in Britain.

Dec 7 · 4:10:00 PM · Source: Investors.com
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by Michael Oliveto

Harley-Davidson (HOG)

Motorcycle manufacturer Harley-Davidson, Inc. Thursday said it will keep its motorcycle operations in York, Pa., and move forward with plans to restructure those operations. The announcement follows yesterday’s ratification of a new seven-year labor agreement by company employees at York, represented by International Association of Machinists and Aerospace Workers (IAM) Local Lodge 175, and today’s decision by the Harley-Davidson Board of Directors to approve the restructuring plan and related funding.

Dec 3 · 1:28:00 PM · Source: Company News
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by Larry Etter

Abercrombie & Fitch (ANF)

Abercrombie & Fitch today reported net sales of $245.7 million for the four-week period ended November 28, 2009, an 8% decrease from net sales of $267.3 million for the four-week period ended November 29, 2008. November comparable store sales decreased 17%. Total Company direct-to-consumer net merchandise sales increased 3% to $24.5 million.
Fellow teen retailer Aeropostale also reported disappointing November sales, which does not bode well for the holiday shopping season.

Dec 3 · 12:29:00 PM · Source: PR Newswire
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by Rich Pike

Toll Brothers Inc. (TOL)

Toll Brothers Inc., the largest U.S. luxury-home builder, Thursday said its fiscal fourth quarter net loss widened to $111 million for the three months ended Oct. 31, or 68 cents a share, from $79 million, or 49 cents, a year earlier. Fourth-quarter costs fell 23 percent to $592 million from a year earlier, while revenue declined 30 percent to $486.6 million. Toll wrote down the value of its property and work in progress by $85.5 million in the quarter, down from $176 million a year earlier.
The earnings were below analyst expectations.

Dec 3 · 12:11:00 PM · Source: Company News
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by Larry Etter

Comcast (CMCSA)

Comcast, the largest U.S. cable company, and General Electric Thursday said they have signed a definitive agreement to form a joint venture that will be 51 percent owned by Comcast, 49 percent owned by GE and be managed by Comcast. The joint venture will consist of the NBC Universal (NBCU) businesses and Comcast's cable networks, regional sports networks and certain digital properties and certain unconsolidated investments.,
The companies said the venture will be well positioned to compete in "an increasingly dynamic and competitive media and digital environment."

Dec 3 · 12:02:00 PM · Source: Company News
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by Larry Etter

Charming Shoppes Inc. (CHRS)

Charming Shoppes, which specialises in plus-sized women's apparel, said Wednesday it lost $48.4 million, or 42 cents a share, from continuing operations in the third quarter, compared with a loss of $59.9 million, or 52 cents a share, in the year-ago quarter. Revenue fell 17 percent to $460.2 million. Comparable store sales fell 13 percent, compared with a 14 percent fall in the second quarter.

Dec 2 · 1:57:00 PM · Source: Company News
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by Larry Etter

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