Amazon.com (NASDAQ:AMZN) has warded off the great tax vacuum in California. The online retailer has negotiated a tentative deal to postpone collecting sales taxes from residents of California. Amazon’s stock is still down 1.3% despite the news.
Smithfield Foods Inc. (NYSE:SFD), one of the nation’s largest pork processors, beat Wall Street’s expectations with a profit of 69 cents a share on strong earnings from their packaged meats division. Sales jumped a healthy 7% to $3.09 billion from $2.9 billion. Don’t Miss Your Cheat Sheet to Smithfield Foods Earnings >>
General Motors (NYSE:GM) announced August sales in China (NYSE:FXI) in spiked 13.4% year-over-year. The news is a good sign the bailed out automaker is keeping a focus on faster growing emerging markets (NYSE:EEM).