Daily Archives: November 5, 2012

Hyundai, Kia Must Lower Mileage Ratings after EPA Testing

Originally posted on 24/7 Wall St.:
Following an investigation and audit brought on by a number of consumer complaints, the U.S. Environmental Protection Agency (EPA) has changed the estimated fuel economy ratings for the majority of 2012 and 2013 models offered…

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Is Apple Falling Behind in the Tablet Market?

Originally posted on 24/7 Wall St.:
New data from research firm IDC indicates that Apple Inc. (NASDAQ: AAPL) has started to lose its stranglehold on the tablet market, at least based on third-quarter global data. It will give investors another reason…

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A One-Year Ban on Hyundai/Kia Sales

Originally posted on 24/7 Wall St.:
Hyundai and car manufacturing stablemate Kia overstated the miles per gallon estimates for about 900,000 cars and light trucks they sold in the United States. The companies apologized. The question now is what the federal…

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Another Jump in Spain’s Unemployment

Originally posted on 24/7 Wall St.:
Spain’s Ministry of Employment and Social Security released data showing that unemployment rose 2.7% in October, which translated into a jobless count of “4.833.521 personas.” If the figures are accurate, Spain’s unemployment rate continues to…

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Gasoline Prices Fall Rapidly

Originally posted on 24/7 Wall St.:
Despite concerns that Hurricane Sandy might have hurt gasoline supplies and closed some refineries, gas prices continue to fall, and fall rapidly. According to AAA Fuel Gauge data, the national average cost of a gallon…

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Originally posted on 24/7 Wall St.:
Greek Prime Minister Antonis Samaras says that Greece could be ousted the eurozone if the debt-laden country’s parliament fails to approve a new round of austerity measures. The parliament is due to vote Wednesday on…

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HSBC Profits Dive on Charges to Cover Possible Fines

Originally posted on 24/7 Wall St.:
HSBC Holdings PLC (NYSE: HBC) reported third-quarter 2012 earnings this morning in London. The banking and financial services firm posted adjusted earnings per share (EPS) of $0.13 on revenues of $48.98 billion. In the same…

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