Stocks kick off August with a rally – CNNMoney.com- About: Stock Trading News
Ford ( F , Fortune 500 ), the only one of the so-called Big Three automakers that didn’t file for bankruptcy protection, said July sales rose 2% versus a year ago. General Motors ( GM , Fortune 500 ), Toyota Motor ( TM ), Chrysler Group and Honda Motor all said sales fell versus a year ago, but rose versus June levels, thanks to Cash for Clunkers. On Monday, Humana ( HUM , Fortune 500 ) reported higher quarterly earnings that topped estimates. Marathon Oil ( MRO , Fortune 500 ) reported weaker quarterly earnings on lower oil prices. Bank of America ( BAC , Fortune 500 ) has agreed to pay $33 million to settle charges that it mislead investors about Merrill Lynch’s plans to pay bonuses to its executives. read more
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