Filed under: Before the bell, Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), PepsiCo (PEP), Ford Motor (F), Toyota Motor Corp. (TM), AT and T (T), News Corp’B’ (NWS)
Before the bell: Futures lower ahead of data
News Corp (NYSE: NWS) is scheduled to report earning Wednesday and is estimated to post a profit of 31 cents a share in the fiscal third quarter.
In its attempt to answer consumer demand, Ford Motor Co. (NYSE: F) stated Wednesday it plans to greatly increase the use of more fuel-efficient six-speed automatic transmissions. The six-speed automatic transmission, which offers 4-6% better fuel economy, will be in 98% of its North American cars by 2012.
Seems that after the current dealing with Yahoo! Inc. (NASDAQ: YHOO), Microsoft Corp. (NASDAQ: MSFT) Chairman Bill Gates has had enough. He stated the company isn’t pursuing other deals for now and that Microsoft and Yahoo! should pursue “independent paths.” Microsoft still has to show shareholders improvement in Vista and its struggling internet business.
PepsiCo Inc. (NYSE: PEP) on Wednesday increased its annual dividend by 20 cents to $1.70.
Toyota Motor Corp. (NYSE: TM) is raising its prices on some U.S. models later this month. As some concerns were raised about its profit growth in the American market, the carmaker may be able to afford raising prices while demand for its automobiles is high.
The blogosphere and iPhone and gadget lovers are in an uproar. The Boy Genius brought an internal memo from AT&T (NYSE: T) showing a freeze in vacation starting June 15-July 12. Last year, before Apple (NASDAQ: AAPL)’s iPhone was launched, a similar memo announcing a vacation freeze was sent. The Boy Genius surmised that perhaps the 3G iPhone might be launched sooner than anticipated.
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