On Thursday, Shares of Ford Motor Company (NYSE:F), gained 0.66% to $13.66.
Ford Motor Company total U.S. sales raised 23 percent in September, with 221,599 vehicles sold. Retail sales also gained 23 percent, with sales of 168,522 vehicles – providing the company with its best September performance in 11 years.
Retail sales improvements were broad-based with passenger car sales up 15 percent, SUVs up 23 percent and trucks up 29 percent.
“Our Ford and Lincoln dealers had an outstanding month, delivering strong sales, with gains in cars, SUVs and trucks in September,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. “Sales of EcoBoost-equipped vehicles also were strong, driving us to an annual record for EcoBoost sales with three months left in the year.”
F-Series sales of 69,651 trucks posted a 16 percent improvement overall, with retail sales increasing 28 percent. This represents the best September sales for F-Series since 2006, with EcoBoost® representing 64 percent of F-150 retail sales last month.
Ford van performance raised 86 percent with sales of 17,994 vehicles. The all-new Transit, with sales of 10,154 vehicles, drove Ford to its best September commercial van sales since 1987.
Ford brand SUVs achieved the best September results in 12 years, with record September sales for Escape – up 31 percent. Sales of the all-new Edge and new Explorer raised 33 and 38 percent, respectively.
Ford Motor Company (Ford) manufactures or distributes automobiles across six continents. The Company operates in two sectors: Automotive and Financial Services. Automotive sector comprises North America, South America, Europe, Middle East & Africa, and Asia Pacific segments.
Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB), inclined 1.11% to $6.69, during its last trading session.
Itau Unibanco Holding declared a cash dividend payment of $0.004316 per share is planned to be paid on October 13, 2015. Shareholders who purchased ITUB before the ex-dividend date are eligible for the cash dividend payment. This represents an -95.66% decrease from the prior month.
Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil.
Shares of Navient Corp (NASDAQ:NAVI), declined -2.49% to $10.96, during its last trading session.
Navient Corporation, the nation’s leading loan administration, asset recovery and servicing company, released a statement on today’s federal student loan Cohort Default Rate.
Borrowers in the cohort period whose loans were serviced by Navient were 38 percent less likely to default contrast to other borrowers.
“At a time when concerns about the cost of college and level of student debt are high, we agree that servicing can make a meaningful difference to improve borrower outcomes and we’re proud of the positive difference we continue to make for borrowers,” said Jack Remondi, president and CEO, Navient. “We’re committed to assisting our student loan customers successfully repay their loans and avoid the long-term consequences of default. Our leadership on this critical measure is a direct result of our data-driven approach to servicing: we identify those who are struggling, and then reach out with information to assist them understand the options available and choose the plan that matches their needs-ultimately assisting them stay on track to succeed financially.
“Throughout the repayment process, contact is key. When we can make contact with a past-due federal loan borrower, nine times out of 10, we can assist him or her avoid default. Conversely, 90 percent of those who default on their federal loans have not responded to our outreach over the year it takes to reach default. We encourage individuals who need assistance with their loans to respond to their servicer’s outreach so we can explore the multiple repayment relief options available.
“We promote awareness of federal repayment plan options through more than 170 million communications annually, counting mail, email, phone calls, videos, and text messages. In fact, according to the FSA Data Center, 32 percent of Direct Loan volume and 18 percent of borrowers serviced by Navient are enrolled in plans tied to income.
“The complexity and number of repayment options can be overwhelming to borrowers, however. As policymakers look for ways to enhance the federal loan program, a focus on streamlining multiple, sound-alike options into easier-to-understand, actionable choices would support borrower success.”
The 2012 Cohort Default Rate analyzes data from the group of borrowers who entered repayment between Oct. 1, 2011, and Sept. 30, 2012, and who defaulted in a three-year window by fall of 2014.
Navient Corporation is a loan administration, servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), in addition to the portfolio of Private Education Loans.
Finally, CONSOL Energy Inc. (NYSE:CNX), ended its last trade with -6.73% loss, and closed at $9.14.
CONSOL Energy will issue its third quarter earnings release at 6:45 a.m. Eastern Time on Tuesday, October 27. This will be followed by a conference call at 10:00 a.m. Eastern Time. The webcast and presentation materials will be available on the ‘Investor Relations’ page of the company’s website, www.consolenergy.com.
CONSOL Energy Inc. is an integrated energy company. The Company operates through two divisions: oil and gas exploration and production (E&P), and coal mining. The E&P division is focused on natural gas and liquids activities, counting production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin (Pennsylvania, West Virginia, Ohio, Virginia and Tennessee).
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