GM recalls far from calamity for some dealers who find new customers, business

The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago. Although the script is not what the dealership would have written, GM is delivering sales and service prospects to her door. GM as a whole posted a 2.5 percent increase in sales in the first half of the year, just a step behind the industry average of 4.3 percent.


Euro hit, shares subdued after downbeat Ifo

World shares dipped on Friday having clawed their way back towards all-time highs after a week of largely reassuring economic signals but rising political tensions. European markets opened with the region's main bourses down 0.1 to 0.6 percent as investors digested the bloc's latest sanctions for Russia and a flurry of data from German business confidence to UK growth. Germany's Ifo survey showed there had been hefty fall in business confidence in Europe's biggest economy over the last few weeks, raising worries the region's growth engine could be stuttering.


BSkyB to pay $9 billion to create Sky Europe

LONDON/PARIS (Reuters) - Britain's BSkyB (BSY.L) has agreed to pay $9 billion to buy Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers. BSkyB, in which Murdoch's 21st Century Fox (FOXA.O) is also the largest shareholder, will pay for the deal using cash, debt, its stake in a TV channel and a placing of shares that represents around 10 percent of its issued share capital. BSkyB had flagged a possible deal for Sky Deutschland and Sky Italia in May. The price announced on Friday was slightly lower than expected by some analysts and the cost and revenue benefits laid out by BSkyB were greater than anticipated.


Facebook soars as Zuckerberg cash-machine kicks into gear

Facebook shares are bounding higher this morning after the company posted its fifth straight better-than-expected quarter.


Why you should be optimistic about housing despite today's data

Shari Olefson, CEO of The Carnegie Group, makes sense of the divergent data for the housing market.


Obama: What's legal might not be right for the US

In an exclusive CNBC interview, President Obama took aim at tax inversions, saying that they aren't the right thing to do by the country.


Sodastream trader makes 3,000% profit in 2 hours

One trader turned $7,500 bet on Sodastream into $250,000 in just hours. Was it dumb luck-or something more sinister?


Dunkin' Brands has one of worst days since IPO

Dunkin' Brands was having one of the worst trading days since its July 2011 IPO, at one point falling to a 52-week low, after disappointing investors with unimpressive revenue and a diminished full-year forecast.


Starbucks US sales rise with help of revamped food

NEW YORK (AP) — Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes.


Facebook is now worth more than AT&T, Coke

In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers. The gains represent a reversal of fortune for the social media company.

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ICM Lending is a loan lender specializing in reverse mortgage. While we represent individuals for reverse mortgages throughout California, many of our clients have Orange County real estate and Los Angeles real estate. If you are 62 years of age or older and are interested in learning more about a reverse mortgage and how it can help to supplement your monthly financial needs, please contact ICM Lending...



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