On Thursday, Shares of Ford Motor Co. (NYSE:F), lost -0.80% to $14.87.
Strong consumer demand for its newest products pushed Ford Motor Company total U.S. June sales 2 percent higher, to 225,647 vehicles sold.
“Strong retail momentum continues building for our newest vehicles – counting F-150, Mustang, Edge, and now Explorer,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. “The Ford brand’s average transaction prices have raised $2,700 as compared to a year ago – more than triple the industry average – while our incentives are down, showing how much customers value our investment in new vehicles with the latest technologies.”
F-Series average transaction prices reached an all-time record in June, with average transaction prices moving above $44,000 per truck – $3,600 higher than last year. The all-new F-150 is turning twice as fast on dealer lots than the industry average for half-ton pickups, as Ford continues building dealer stocks.
Mustang sales were up 54 percent, with 11,719 cars sold. This represents Mustang’s best June performance since 2007. Mustang sales are particularly strong in America’s largest sports car region, Southern California, where retail sales are up 157 percent in June.
Lincoln retail sales raised 20 percent as compared to a year ago, providing the premium brand with its best June results since 2007. Lincoln MKC continues to build momentum, together with Navigator, which posted a 39 percent sales enhance for June. All-new Lincoln MKX sales started late last month.
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 Alpha Natural Resources, Inc. (NYSE:ANR), inclined 2.52% to $0.28, during its last trading session.
Alpha Natural Resources, declared that its wholly-owned partner, Pennsylvania Services Corporation (PSC), has attained the 50% interest in its natural gas exploration and production joint venture, Pennsylvania Land Resources Holding Company, LLC (PLR), owned by EDF Trading Resources, LLC (EDFTR). The $126 million transaction, which makes PSC the sole owner and operator of the venture, allows Alpha to expand and control a highly economic natural gas development program composed of over 25,000 net acres and associated infrastructure in the Marcellus Shale.
EDFTR and PSC initially formed the PLR joint venture in May 2013 to exploit a large, concentrated Marcellus Shale gas resource in Greene County, Pennsylvania. The concentrated acreage position is considered to be in the “core of the core” of the Marcellus Shale, one of the most profitable natural gas plays in the United States, and located adjacent to some of the most productive wells in the basin to date. PLR’s large, contiguous acreage position will allow efficient development of the resource with long laterals, maximizing both well productivity and returns. Noteworthy existing pipeline capacity located adjacent to or crossing PLR’s leased acreage also provides strong transportation optionality.
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming. It operates through two segments, Eastern Coal Operations and Western Coal Operations.
Finally, Unum Group (NYSE:UNM), ended its last trade with -0.19% loss, and closed at $36.02.
On June 8, Unum Group, and the Consumer Federation of America (CFA), released the results of a survey of more than 500 benefits decision-makers at small employers regarding their views on long-term disability insurance (LTD). The findings reveal that employers, whether they offer the benefit or not, understand the value of this insurance for employees, and that those who offer it also believe it serves the interests of their company. Employers not offering LTD are more likely to overestimate the cost of this insurance, underestimate the desire of employees for this coverage, and to experience difficulty managing disabled employees and their absences.
“In general, group disability insurance serves the interests of small employers and their employees,” noted Stephen Brobeck, CFA’s Executive Director. “By making this insurance accessible, employers assist protect the personal income needed by consumers,” he added.
The research released represents the third joint research effort by CFA and Unum. In April 2012, the two organizations released the findings of a nationwide survey of employee attitudes and knowledge about disability insurance, and in September 2013, they released a report based on interviews with individuals who had become disabled and were receiving disability benefits through their employer’s plan.
Unum Group, together with its auxiliaries, provides group and individual disability insurance products in the United States and the United Kingdom. The company operates through three segments: Unum US, Unum UK, and Colonial Life. It provides group long-term and short-term disability, group life, accidental death and dismemberment, individual disability, supplemental and voluntary products, and group and individual long-term care insurance products, in addition to accident, sickness and disability products, life products, and cancer and critical illness products.
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