On Friday, Shares of Ford Motor Co. (NYSE:F), lost -1.79% to $14.83.
When China’s economy was booming, motorists became a symbol of the nation’s new spending power. Now, falling car sales may be more a symbol of China’s steady deceleration, according to Bloomberg.
Voracious demand saw China overtake the U.S. as the world’s biggest car market in 2009, spurring auto giants counting Ford Motor Co. and Volkswagen AG to supercharge their production in the country. By contrast, Ford now sees a potential decline in auto sales in China for the first time in 17 years. Volkswagen suffered its first sales drop in a decade during the first half of the year. Bloomberg Reports
Because car demand is often a timely indicator of consumer and business confidence, it can capture economic trends before official data. Bloomberg added.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of The Procter & Gamble Company (NYSE:PG), declined -0.89% to $76.70, during its last trading session, hitting its lowest level.
The Procter & Gamble Company stated fiscal year 2015 currency neutral core earnings per share growth of 11% as compared to the preceding year. Core earnings per share were $4.02, a decrease of two percent. Diluted net earnings per share were $2.44, counting a one-time charge of $2.1 billion, or $0.71 per share, for a change in the method of accounting for its Venezuelan operations from consolidation to the cost method. Organic sales grew one percent as a two percent pricing benefit more than offset a one percent reduction in shipment volume. Net sales were $76.3 billion, a decrease of five percent as compared to the preceding year, counting a negative six-percentage point impact from foreign exchange.
For the April - June 2015 quarter, core earnings per share were $1.00, an enhance of eight percent as compared to the preceding year period. Core EPS results comprised of a $0.09 per share benefit as compared to the preceding year from non-operating income, primarily minor brand divestiture gains. Not taking into account the impact of foreign exchange, currency-neutral core earnings per share raised 22%. Diluted net earnings per share were $0.18 counting the one-time Venezuela charge of $0.71 per share and non-core restructuring costs of $0.07 per share. Organic sales were unchanged for the quarter as a three-percentage point benefit from pricing and mix was offset by lower shipment volume. Net sales were $17.8 billion, a decrease of nine percent as compared to the preceding year period driven by a negative nine-percentage point impact from foreign exchange.
The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.
Finally, The Walt Disney Company (NYSE:DIS), ended its last trade with -0.02% loss, and closed at $120, hitting its highest level.
Disney Store declared the all-new collections and Limited Editions set to launch at this year’s D23 EXPO 2015, Disney’s ultimate fan event held at the Anaheim Convention Center August 14–16. Located within the Disney Consumer Products Pavilion at D23 EXPO, the Disney Store shop will feature new and exclusive products showcased throughout more than 3,000 sq. ft. of retail space. New items celebrating everyone’s favorite characters will be unveiled each day throughout the weekend.
In addition to offering attendees the chance to shop special products not yet accessible to the general public, fans will also have the chance to meet the artists and designers who created these exciting new collections and be treated to the official Disney Store opening ceremony on Friday, August 14. During the ceremony, a special attendee will be chosen to “unlock imagination” at 9 a.m. alongside some of Disney’s most famous characters.
D23 EXPO attendees will get a first look at collections making their debut at the event, counting the next installment of the popular Disney Fairytale Designer Collection; a Limited Edition Doll Collection from ABC Studios’ television series Once Upon a Time; Toy Story 20th Anniversary; and Disney Tsum Tsum.
The Walt Disney Company, together with its auxiliaries, operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
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