On Wednesday, Shares of Ford Motor Co. (NYSE:F), lost -0.13% to $14.99.
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.
Ford brand SUV sales were up 10 percent year over year, producing the best June sales results since 2002 – with 64,885 vehicles sold. Sales of the new Explorer are off to a fast start, with a total of 20,377 sold, an enhance of 30 percent as compared to a year ago. Sales of the all-new Edge raised 30 percent in June as compared to last year, with 12,587 vehicles sold. Edge continues to turn quickly on dealer lots – at just 15 days – while the new Explorer is turning in just seven days.
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 SeaDrill Limited (NYSE:SDRL), declined -5.32% to $9.79, during its last trading session, as oil prices fall after U.S. inventory data showed an enhance in crude oil stockpiles.
Crude oil prices opened lower and continued to fall in Wednesday trading, as the markets parsed new data showing the oversupply of crude isn’t about to evaporate.
International benchmark Brent crude also fell early Wednesday by about $1.64 or 2.58 percent to $61.95 per barrel. The international contract has lost ground recently as a Greek financial crisis has roiled markets and threatened prospects for growth and higher oil demand.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regarding semi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
Finally, Office Depot, Inc. (NASDAQ:ODP), ended its last trade with 1.04% gain, and closed at $8.75.
Office Depot, found that while nearly two-thirds (66 percent) of small business owners (SMBs) feel that a disaster plan is necessary for their business, significantly fewer (57 percent) feel that their business is actually prepared to handle a natural disaster.
According to the latest Office Depot Small Business Index, 27 percent of SMBs have needed to close their business in the past year due to weather related issues. While larger sized SMBs feel more prepared than smaller sized SMBs, one-third (33 percent) of these larger SMBs still do not feel prepared to handle a natural disaster.
“At Office Depot, we understand every small business is unique and that all small business owners are pulled in many different directions,” said Steve Calkins, executive vice president, business solutions division Office Depot, Inc. “However, it is imperative that SMBs realize the importance of having a disaster plan.”
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
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