Bruce Clark News
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Non-profit groups including the Sierra Club and The Wilderness Society are raising funds by promoting rooftop solar panels installed by Sungevity Inc., a marketing model that may become more common as U.S. residential installations accelerate.
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Moody’s Investors Service said it’s reviewing Ford Motor Co.’s debt ratings for a possible upgrade after the automaker reached a tentative labor agreement with the United Auto Workers yesterday.
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Ford Motor Co.’s credit rating was raised two levels by Moody’s Investors Service, which said the automaker’s operating performance “significantly exceeded” expectations.
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General Motors Co. was given the same credit rating by Moody’s Investors Service as Ford Motor Co. , citing the largest U.S. automaker’s low costs and position in the global vehicle market.
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Ford Motor Co. fell the most in more than two months after the second-biggest U.S. automaker lowered its automotive operating margin forecast because of losses on commodity contracts.
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Ford Motor Co., the second-largest U.S. automaker, today declared a 5-cent quarterly dividend, its first payout to shareholders since September 2006.
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General Motors Co. ’s initial public offering last week may help the largest U.S. automaker get consideration from car and truck buyers, according to Moody’s Investors Service.
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Moody’s Investors Service raised the credit ratings of Ford Motor Co. and General Motors Co. to the cusp of investment grade, citing new U.S. labor contracts that preserve the automakers’ cost positions.
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Ford Motor Co. Chief Executive Officer Alan Mulally said he plans to stay with the automaker as it works to regain its investment-grade credit rating and restore the common stock dividend it suspended five years ago.
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Ford Motor Co. sold $1.25 billion of bonds after Moody’s Investors Service raised the credit rating of the second-biggest U.S. automaker to the cusp of investment grade.
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