- Automakers mostly reported higher U.S. sales for October. GM tells of its first monthly sales gain in almost two years, while Hyundai and Subaru were huge winners thanks for their popular models and fuel-efficient sedans. Toyota, Ford and Nissan also posted higher sales.
- Warren Buffett is making what he calls an "all-in wager" on the U.S. economy, $34 billion to own a
railroad that hauls everything from corn to cars across the country. The purchase of Burlington Northern Santa Fe, the nation's second-largest railroad, would be the biggest ever for Warren Buffett's Berkshire Hathaway company. - Oil prices gained some ground. Benchmark crude for December delivery gained $1.47 to settle at $79.60 a barrel on the New York Mercantile Exchange.
- Kraft Foods says slower sales and lower prices on food slashed its quarterly profit nearly 40 percent from
a year earlier. At the same time, Kraft Foods raised its forecast for the year.
11/03/2009 6:35 PM
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The best that investors could muster Tuesday was a mixed finish for stocks. The Dow fell about 18 points, while the S&P was up nearly 3 and the Nasdaq gained 8 points.
© 2009 Associated Press. All rights reserved. Material may not be redistributed.
