Toyota RECALLS 778K Vehicles and 4 Hot Stocks Trading Today
Bank of America Corporation (NYSE:BAC): Goldman Sachs (NYSE:GS) led foreign banks in the acceleration of job cuts at their Japanese brokerages last fiscal year, as filings reflect Goldman Sachs Japan cut headcount by 14 percent to 847, reported Bloomberg. Shares of Bank of America Corporation are trading 0.97% lower today.
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Alexandria Real Estate Equities Inc. (NYSE:ARE): Alexandria (NYSE: ARE) posted $25.64 million in net income on $154.1 million in revenues for the quarter which ended June 30, versus the $34.31 million in net income on $143.32 million in revenues for the same period the previous year. For the six months that ended June 30, Alexandria recorded $58.41 million in net income on $298.84 million in revenues, versus the $66.93 million in net income on $283.01 million in revenues for the comparable period the previous year. Alexandria, owner of over 2.6 million square feet in San Diego County and more than 15 million square feet in all, has a North American operating portfolio which is approximately 94 percent leased. Shares of Alexandria Real Estate Equities Inc. are trading 0.38% lower today.
Toyota Motor Corporation (NYSE:TM) recalls 778,000 RAV4 SUVs and Lexus HS 250h sedans in the U.S. to repair a suspension problem which could cause accidents, according to the Associated Press. Nine crashes as well as three minor injuries have been reported to be caused by the problem. Shares of Toyota Motor Corporation are trading 0.60% lower today.
GMAC LLC (NYSE:GOM): Standard & Poor’s Ratings Services stated today that its ratings on Ally Financial Inc. (Ally, formerly GMAC; B+/Positive/C) have not been affected by the consolidated company’s Q2 (which ended June 30, results, which were consistent with expectations. The company’s reported net loss of $898 million, versus the net income of $113 million during 2011’s Q2, included the effect of charges of $1.2 billion associated with the bankruptcy filing of Ally’s subsidiary Residential Capital, LLC (ResCap) in May 2012. Related to the bankruptcy filing, ResCap is now deconsolidated from Ally’s financial statements. Shares of GMAC LLC are trading 0.21% higher today.
Apple Inc. (NASDAQ:AAPL): AT&T (NYSE:T) responded to accusations suggesting that it influenced its retail outlets to sell alternatives to the iPhone (NASDAQ:AAPL) by stating, “The idea that we would steer any customer away from a particular device couldn’t be more farfetched…Our reps do what it takes to align customer needs with the best device for them. iPhone remains one of our most popular devices, which doesn’t happen by steering people away from it. Our reps are encouraged to try all devices so they are more knowledgeable on our industry-leading smartphone lineup.” Shares of Apple Inc. are trading 0.44% lower today.
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