Chinese data shows car sales for the first half of the year are up a strong 7.1 percent with strength apparent during May and June. Analysts expect elevated demand, upwards of 8 percent growth, to persist for the remainder of the year; General Motors (NYSE:GM), Ford (NYSE:F), and BMW could benefit further, having already achieved double digit sales gain over last year in June.
German prosecutors are likely to prosecute the head of Morgan Stanley’s (NYSE:MS) German unit, Dirk Notheis, and ex-premier of Baden-Wuerttemberg state, Stefan Mappus, for allegedly having overly close ties that may have impacted the state’s purchase of shares in German utility EnBW in 2010.
Lions Gate (NYSE:LGF) is planning to release three Hunger Games films one each every November from 2013 through 2015. Though the move is obviously to avoid making the Harry Potter blunder of releasing the franchise out of season, it calls for tight production control given that the first film raked in a mammoth $678 million at the box office, and there would be high expectations from the sequels.
Xerox (NYSE:XRX) makes a foray into the cloud with its purchase of U.K. firm WDS, enabling it to leverage the company’s expertise in providing technical support, knowledge management and consulting to large mobile phone companies.”WDS’s expertise in the telecommunications industry strengthens Xerox’s already broad portfolio of customer care solutions,” Xerox said in a statement. The amount of the consideration was not disclosed.
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