AutoNation Inc., the largest U.S. retailer of new cars and trucks, reported second-quarter earnings that met analysts’ estimates as gains from parts and service helped overcome lower profit per new vehicle sold.
Mark Cohen, who teaches at Columbia University’s business school in New York, is a former chairman and chief executive officer of Sears Canada. Don’t get him started on Eddie Lampert, the chief executive officer and majority owner of Sears Holdings Corp.
Sears Holdings Corp. , the department- store chain majority-owned by Edward Lampert , dropped the most in almost a year in Nasdaq trading after comparable-store sales fell and the company predicted a first-quarter loss.
U.S. stocks fell for the week, as the Standard & Poor’s 500 Index posted its biggest drop since June, on concern Europe’s debt crisis is worsening and stimulus measures may not be enough to boost economic growth.