Ford Names New Purchasing Head and 2 Other Stocks to Watch
Ford Motor Co. (NYSE:F): Current price $17.12
Ford named Hau Thai-Tang as its new global purchasing chief effective August 1, replacing the retiring Tony Brown. Thai-Tang currently serves as vice president of engineering and was the chief engineer for the 2005 Mustang, the first new version of the sports car in 25 years. In his new position, Thai-Tang will oversee $90 billion in purchasing of parts and services yearly and will be the automaker’s point man when dealing with suppliers.
AT&T Inc. (NYSE:T): Current price $35.5
AT&T has added three new Sonim rugged mobile devices to its AT&T Enhanced Push-to-Talk collection. The telecom giant now offers the Sonim XP1520 BOLT SL, which is a device created to withstand working in tougher environments within industries like transportation, construction, manufacturing, and agriculture. Further, the XP1520 BOLT SL can fall from six feet onto concrete, be submerged in six feet of water for 30 minutes, and be run over by a pickup truck and still work, according to the company.
Yahoo Inc. (NASDAQ:YHOO): Current price $35.5
Forbes reports that Yahoo! is expected to post weak second quarter earnings on Tuesday, with analysts anticipating a fall of 4 percent in earnings year-over-year. The consensus is 26 cents per share versus earnings of 27 cents in 2012, with earnings of $1.23 per share for the fiscal year. Analysts are forecasting revenue to dive by 11 percent year-over-year to $1 billion for the second quarter, and for the year, revenue is projected to stand at $4 billion. During the last four quarters, Yahoo saw a year-over-year drop in revenue by an average of 2 percent.